Leonard Presby's newsstand uses naive forecasting to order tomorrow's papers. The number of newspapers ordered corre- sponds to the previous day's demands. Today's demand for papers was 22.

Presby buys the newspapers for $.20 and sells them for $.50. Whenever there is unsatisfied demand, Presby estimates the lost goodwill cost at $.10. Complete the accompanying table, and answer the questions that follow.

a) What is the demand on day 3?

b) What is the total net profit at the end of the 6 days?

c) What is the lost goodwill on day 6?

d) What is the net profit on day 2?

e) How many papers has Presby ordered for day 5?