Total sales of a fad product S may increase slowly at first while the product is relatively unknown, more rapidly as its popularity rises, and then level of toward a; og term maximum as consumers mive onto another product. Consider the model In (1-S) - In (S) kt + C, where S is the fraction of total sales (S 1 means 100%), t weeks after the product is introduced, and k and C are constants. Solve the model for sales S in terms of k, t, and C.
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Home » Mathematics » Total sales of a fad product S may increase slowly at first while the product is relatively unknown, more rapidly as its popularity rises, and then level of toward a; og term maximum as consumers mive onto another product.