appschap2

appschap2 - Applications Chapter 2 Name_ Solve-show all...

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Applications Chapter 2 Name________________________ Solve--show all work for credit. Use appropriate units. 4 points each. 1) A firm is considering a new product. The accounting department estimates that the total cost, C(x), of producing x units will be C(x) = 90x + 5440. The sales department estimates that the revenue, R(x), from selling x units will be R(x) = 100x, but that no more than 710 units can be sold at that price. Find and interpret (R - C)(710). 2) The following bar graph shows the average annual income for single mothers. i) Determine a linear function that can be used to estimate the average yearly income for single mothers from 1995 through 2000. Let t represent the number of years from 1995. (In other words, 1995 corresponds to t = 0, 1996 corresponds to t = 1, and so on.) ii) Using the function from part i, determine the average yearly income for single mothers in 1996. iii) Assuming this trend continues, determine the average yearly income for single mothers in
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appschap2 - Applications Chapter 2 Name_ Solve-show all...

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