Question: USE PYTHON TO SOLVE THIS QUESTION PortaCom is a company that manufactures notebook computers and related equipment. PortaComs product design group developed a prototype for
USE PYTHON TO SOLVE THIS QUESTION
PortaCom is a company that manufactures notebook computers and related equipment. PortaComs product design group developed a prototype for a new high-quality portable printer. The new printer features an innovative design and has the potential to capture a significant share of the portable printer market. Preliminary marketing and financial analyses provided the following selling price, first year administrative cost, and first-year advertising cost: Selling price = $249 per unit Administrative cost = $400,000 Advertising cost = $600,000 The cost of direct labor is $45 per unit, the parts cost $90 per unit, and there is a demand of 15,000 for the first year. The demand in each year is estimated to increase by 15%.
USING PYTHON CODE, create a model that analyzes these inputs, calculates the expected profit, and continues to calculate this profit quantity over time. Your final model should also take a user-defined parameter that specifies the number of years.
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