Name: Class: Date: ID: G Math 105 Unit 4 Project 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 Q1 Sales Q2 Sales Q3 Sales Q4 Sales Tshirt 160 @ $11.00 150 @ $11.00 148 @ $12.00 144 @ $12.00 Jeans 110 @ $28 108 $28 96 @ $36 94 @ $36 What price should we sell the tshirt and jeans in order to maximize revenue? Justify your answer with all supporting work. Q4 144 @ $2.70 94 @ $3.60 2. Below is some data about the costs of a company's products. Item Q1 Q2 Q3 Storage Cost (per item) Tshirt 160 @ $1.60 150 @ $2.50 148 @ $1.50 Jeans 110 @ $3.70 108 @ $3.20 96 @ $3.60 Order Cost (per order) Tshirt $13.50 $13.00 $13.75 Jeans $16.00 $17.00 $19.00 Product Cost (per item) Tshirt $1.84 $1.69 $1.87 Jeans $5.33 $5.15 $5.24 $12.25 $17.00 $1.86 $5.04 What is an approximate cost curve for each product? How much product must be bought to minimize the cost for each? 3. Estimate the maximum profit and put forth an explanation and justification for your results. Name: Class: Date: ID: G Math 105 Unit 4 Project 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 Q1 Sales Q2 Sales Q3 Sales Q4 Sales Tshirt 160 @ $11.00 150 @ $11.00 148 @ $12.00 144 @ $12.00 Jeans 110 @ $28 108 $28 96 @ $36 94 @ $36 What price should we sell the tshirt and jeans in order to maximize revenue? Justify your answer with all supporting work. Q4 144 @ $2.70 94 @ $3.60 2. Below is some data about the costs of a company's products. Item Q1 Q2 Q3 Storage Cost (per item) Tshirt 160 @ $1.60 150 @ $2.50 148 @ $1.50 Jeans 110 @ $3.70 108 @ $3.20 96 @ $3.60 Order Cost (per order) Tshirt $13.50 $13.00 $13.75 Jeans $16.00 $17.00 $19.00 Product Cost (per item) Tshirt $1.84 $1.69 $1.87 Jeans $5.33 $5.15 $5.24 $12.25 $17.00 $1.86 $5.04 What is an approximate cost curve for each product? How much product must be bought to minimize the cost for each? 3. Estimate the maximum profit and put forth an explanation and justification for your results