Aconsumer products company has collected some data relating monthly demand to the price of one of its products: 4. price demand $00 2,100 $13 2,020 1,980 1,875 $19 what type of model would best represent these data? linear function, logarithmic function, polynomial function (2nd order), power function, or exponential function? make predictions of demand with prices as $15 and $18 respectively

Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.