Last year, you sold 85,000 cars with an average transaction price of $23,000. If the market has a price elasticity E = 2, calculate the original value of the product.

You are now redesigning the vehicle. You are interested in selling 92,000 vehicles at an average transaction price of $23,400. You are interested in modifying the values of 50-70 Acceleration and Fuel economy, while maintaining the current values for Turning circle and Overall length.

Help please, include all work and answers. Thank you!

V(g1) and V(g2) are equal to 0.

Attribute Turning circle Overall length 50-70 Acceleration Fuel economy Type SIB SIB SIB LIB Units meters millimeters seconds MPG Baseline 5.60 5500 5.50 27.00 Critical 20.54 7620 11.3 11 Ideal 1.83 762 0 43.52 Exponent 0.125 0.125 0.218 0.390 You are interested in exploring the relationship between changes in 50-70 Acceleration and Fuel economy. Given the 50-70 Acceleration times in the table below, solve for the Fuel economy (in MPG) required for achieving the desired sales volume (92,000 vehicles) and average transaction price ($23,400). Hint: there are two solutions possible for Fuel economy, since the spec-value curve is quadratic. Choose the value that exists between the critical and ideal value. | Fuel economy (in MPG) 50-70 Acceleration (in seconds) 1 2 3 4 5 6 7 Plot your solutions to the table above with values for 50-70 Acceleration on the x-axis and values for Fuel economy on the y-axis Fit a trendline to the data and report the goodness of the fit Attribute Turning circle Overall length 50-70 Acceleration Fuel economy Type SIB SIB SIB LIB Units meters millimeters seconds MPG Baseline 5.60 5500 5.50 27.00 Critical 20.54 7620 11.3 11 Ideal 1.83 762 0 43.52 Exponent 0.125 0.125 0.218 0.390 You are interested in exploring the relationship between changes in 50-70 Acceleration and Fuel economy. Given the 50-70 Acceleration times in the table below, solve for the Fuel economy (in MPG) required for achieving the desired sales volume (92,000 vehicles) and average transaction price ($23,400). Hint: there are two solutions possible for Fuel economy, since the spec-value curve is quadratic. Choose the value that exists between the critical and ideal value. | Fuel economy (in MPG) 50-70 Acceleration (in seconds) 1 2 3 4 5 6 7 Plot your solutions to the table above with values for 50-70 Acceleration on the x-axis and values for Fuel economy on the y-axis Fit a trendline to the data and report the goodness of the fit