Jeff Bezos’ Money (Part 3): Comparing Values: Use your answe…

Jeff Bezos’ Money (Part 3): Comparing Values: Use your answers from Jeff Bezos’ Money (Part 1) and Jeff Bezos’ Money (Part 2) above to answer the following question. Compare your values for Parts 1 and 2.  Was your rough estimate an under or over-estimate? Explain why it makes sense that it was under/over based on your estimation calculations.

Sales Commission (Part 2): We are using the same graduated c…

Sales Commission (Part 2): We are using the same graduated commission scale as was given in Sales Commission (Part 1): If total sales is over— but not over— the commission is: $0 $5,000 2% of the amount over $0 $5,000 $10,000 $100 plus 4% of the amount over $5,000 $10,000 $20,000 $300 plus 5% of the amount over $10,000 $20,000 no limit $800 plus 6% of the amount over $20,000   Suppose a sales-rep had increased the total sales from $12,000 to $15,000.   (A)  What is the (marginal) dollar change in sales? (B)  What would be the (marginal) dollar change in commission? (C)  What would be the marginal commission rate? (D) Explain why the value you got in (C) makes sense given the commission table.