Portfolio Problem Chapter 13 Name: _____________________________ Calculus for Business/Social Science After completing homework for Chapter 13, work the following problem carefully. For full credit, show all necessary work on this worksheet. This Portfolio Problem must be included in your final notebook that you submit when you take the final exam. The accompanying figure shows the product life cycle graph, with typical products marked on it. It illustrates the fact that a new product is often purchased at a faster and faster rate as people become familiar with it. In time, saturation is reached and the purchase rate stays constant until the product is made obsolete by newer products, after which it is purchased less and less often. Use this graph to answer the following questions. 1.) Which products on the left side of the graph are closest to the left-hand point of infection? What does the point of inflection mean here? 2.) Which product on the right side of the graph is closest to the right-hand point of inflection? What does the point of inflection mean here? 3.) Discuss where new technologies should be placed on the graph and why