The table below shows the average sales (as number sold per day) at grocery store...
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Accounting
The table below shows the average sales (as number sold per day) at grocery store of Product A based on its prices and the prices of a competitors Product B, where the two competing products and their respective prices are displayed next to each other, S=S(A,B).
Use the table to estimate the rate of change in average sales of Product A with respect to the price of Product B. Explain how you arrived at your estimate.
Explain why you could not estimate the rate of change in average sales of Product A with respect to the price of Product A as easily as you estimated the rate of change in problem 1) .
In order to estimate the average sales of Product A when the price of Product A is $2.90 and the price of Product B is $3.90, which variable should be held constant? Why?
Will the cross-section needed to estimate the average sales in problem 3) be represented by a row or column? Why?
The table has issues showing up so here it is typed. Please help ASAP.
A = $2.75
A = $3.00
A = $3.25
A = $3.50
A = $3.75
B = $2.90
107
93
73
48
15
B = $3.15
156
142
122
97
64
B = $3.40
205
191
171
146
113
B = $3.65
254
240
220
195
162
B = $3.90
303
289
269
244
211
store of Product A based on its prices and the prices of a competitor's Product B, where the two competing products and their respective prices are displayed next to each other, SES(A,B). + 48 A= $2.75 A= $3.00 A = $3.25 A = $3.50 A = $3.75 B=$2.90 107 93 73 15 B= $3.15 156 142 122 97 64 B=$3.40 205 191 171 146 113 B=$3.65 254 240 220 195 162 B = $3.90 303 289 269 244 211 1) Use the table to estimate the rate of change in average sales of Product A with respect to the price of Product B. Explain how you arrived at your estimate store of Product A based on its prices and the prices of a competitor's Product B, where the two competing products and their respective prices are displayed next to each other, SES(A,B). + 48 A= $2.75 A= $3.00 A = $3.25 A = $3.50 A = $3.75 B=$2.90 107 93 73 15 B= $3.15 156 142 122 97 64 B=$3.40 205 191 171 146 113 B=$3.65 254 240 220 195 162 B = $3.90 303 289 269 244 211 1) Use the table to estimate the rate of change in average sales of Product A with respect to the price of Product B. Explain how you arrived at your estimate
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