quantitative tool in business
quantitative tool in business
quantitative tool in business
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MAY 2012 QUANTITATIVE TOOLS IN BUSINESS SOLUTION 2Daily Forecast for next weekDay Trend (T) SA1 Sale figureA(Y/GH¢’00)MonTueWedThurFri3.886 + 3.289 (16) = 56.513.886 + 3.289 (17) = 59.7993.886 + 3.289 (18) = 63.0883.886 + 3.289 (19) = 66.3773.886 + 3.289 (20) = 69.6661.2961.0400.9180.9000.84673.2462.1957.9159.7458.94SOLUTION 5(i) Total Cost (C) = x 2 + 16x + 39Average Cost C = x 2 + 16x + 39X x= x + 16 + 39x(ii) Total Cost (C) = x2 + 16x + 39Marg<strong>in</strong>al Cost = dc = 2x + 16…= 2x + 16(iii) Price (P) = x 2 - 24 x + 117Total Revenue (TR) = Px = x 3 - 24x 2 + 117xTotal Revenue (TR) x 3 – 24x 2 + 117x(iv) Total Revenue (TR) = x 3 – 24x 2 + 117xMarg<strong>in</strong>al Revenue = dTR = 3x 2 - 48x + 117= dx= 3x 2 - 48x + 117x 0 1 2 3 4 5 6 7 8 9 10x + 16 + 39/x 00 56 37.5 32 29.9 28.8 28.5 28.6 28.9 29.3 29.92x + 16 16 18 20 22 24 26 28 30 32 34 36x2 – 48x + 117 117 72 33 0 -27 -48 -63 -72 -75 -72 -63Page 7 of 12
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