Suppose that you are the manager of an electronics firm and are sitting in on a meeting

regarding a new product proposal. The presenter makes the suggestion that even though

AC = 100, you should price the product at $49, sell all you make at this price, and double

output in each quarter. Her claim is that this strategy will lead to a profitable 3rd quarter.

Explain/calculate what the progress ratio must be (call it '') for the presenter to be correct.