Question: Problem 2 . company plans to launch a new consuner electronic device on Jannary 1 next year. It estimates that the market size for this

Problem 2. company plans to launch a new consuner electronic device on Jannary 1 next year. It estimates that the market size for this device is 170,000-1 its, with coeflicients of imovation and imitation 0.07 and 0.31, respectively, when time is measured in years.
(a) When will the demand rate peak? What will be the demand rate at that time, and how many units will have been sold by that time?
(b) Plot the demand rate and cumulative demand as a function of time in years.
(c) Roughly when will the cumulative sales reach 90% of the market size?
 Problem 2. company plans to launch a new consuner electronic device

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