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Advertising (dollars) Games sold (number of games) 1) The figure above shows how the sales of the video game Tomb Raider - Lara Retires change
Advertising (dollars) Games sold (number of games) 1) The figure above shows how the sales of the video game "Tomb Raider - Lara Retires" change when the advertising spent in the game changes. Is the relationship between advertising and the number of games sold positive, negative, or neither? 2) A graph has a point that is a maximum or a minimum. To the left of the point, the slope of the relationship is positive. To the right of the point, the slope is negative. Is the point a maximum point or a minimum point? Be sure to draw a figure to support your answer. 3) Does a rational choice always work well? In other words, is it possible for someone to regret a rational decision? Hours studied (per week) SAT Scores 900 10010 1050 1075 10 10904) Jamie is preparing to take her SAT exams. The table above shows how Jamie's score depends on the number of hours per week that Jamie studies a. Graph the relationship in the figure, putting the hours studied on the horizontal axis. b. Is the relationship you traced positive or negative? c. What happens to the slope of the relationship as the hours studied increase? c. Suppose Jamie can enroll in an SAT prep course, and by doing so, for every possible number of hours she studies, her score will be 100 points higher. Graph the new relationship between the number of hours studied and the SAT score of Jamie in the figure. d. How many variables are involved in the figure 5) What economic conditions are relevant in managerial decision making? 6) What factors lead to a competitive advantage for a company
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