1. Below is some data about the tshirt and jeans sales of a company. The company...

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1. Below is some data about the tshirt and jeans sales of a company. The company decided to raise their prices at the end of Q2. Item Tshirt Q1 Sales Jeans 150 @ $10.00 108 @ $25 Q2 Sales 152 @ $10.00 110 @ $25 Q3 Sales 146 @ $11.00 98 @ $30 Q4 Sales 140 @ $11.00 98 $30 b. What price should we sell the tshirt and jeans in order to maximize revenue? Justify your answer with all supporting work. c. Estimate the maximum profit and put forth an explanation and justification for your results. 2. Below is some data about the costs of a company's products. Item Q1 Q2 Q3 Q4 Storage Cost (per item) Tshirt Jeans 150 @ $1.10 152 @ $2.30 146 @ $2.50 108 @ $3.80 110 @ $3.60 98 @ $3.40 140 @ $1.90 98 @ $3.30 Order Cost (per order) Ishirt $12.00 $12.75 $12.50 $12.00 Jeans $20.00 $20.00 $17.00 $17.00 Product Cost (per item) Tshirt $1.31 Jeans $5.52 $1.08 $5.54 $1.14 $1.34 $5.58 $5.76 What is an approximate cost curve for each product? How much product must be bought to minimize the cost for each? 1. Below is some data about the tshirt and jeans sales of a company. The company decided to raise their prices at the end of Q2. Item Tshirt Q1 Sales Jeans 150 @ $10.00 108 @ $25 Q2 Sales 152 @ $10.00 110 @ $25 Q3 Sales 146 @ $11.00 98 @ $30 Q4 Sales 140 @ $11.00 98 $30 b. What price should we sell the tshirt and jeans in order to maximize revenue? Justify your answer with all supporting work. c. Estimate the maximum profit and put forth an explanation and justification for your results. 2. Below is some data about the costs of a company's products. Item Q1 Q2 Q3 Q4 Storage Cost (per item) Tshirt Jeans 150 @ $1.10 152 @ $2.30 146 @ $2.50 108 @ $3.80 110 @ $3.60 98 @ $3.40 140 @ $1.90 98 @ $3.30 Order Cost (per order) Ishirt $12.00 $12.75 $12.50 $12.00 Jeans $20.00 $20.00 $17.00 $17.00 Product Cost (per item) Tshirt $1.31 Jeans $5.52 $1.08 $5.54 $1.14 $1.34 $5.58 $5.76 What is an approximate cost curve for each product? How much product must be bought to minimize the cost for each?