Chapter 9: Problem 54
Create a function whose graph has the given characteristics. (There are many correct answers.) Vertical asymptote: \(x=-3\) Horizontal asymptote: None
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Chapter 9: Problem 54
Create a function whose graph has the given characteristics. (There are many correct answers.) Vertical asymptote: \(x=-3\) Horizontal asymptote: None
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Use the cost function to find the production level for which the average cost is a minimum. For this production level, show that the marginal cost and average cost are equal. Use a graphing utility to graph the average cost function and verify your results. \(C=2 x^{2}+5 x+18\)
Find the price elasticity of demand for the demand function at the indicated \(x\) -value. Is the demand elastic, inelastic, or of unit elasticity at the indicated \(x\) -value? Use a graphing utility to graph the revenue function, and identify the intervals of elasticity and inelasticity. \(p=400-3 x \quad x=20\)
A real estate office handles a 50-unit apartment complex. When the rent is \(\$ 580\) per month, all units are occupied. For each \(\$ 40\) increase in rent, however, an average of one unit becomes vacant. Each occupied unit requires an average of \(\$ 45\) per month for service and repairs. What rent should be charged to obtain a maximum profit?
A manufacturer determines that the demand \(x\) for a product is inversely proportional to the square of the price \(p\). When the price is \(\$ 10\), the demand is 2500\. Find the revenue \(R\) as a function of \(x\) and approximate the change in revenue for a one-unit increase in sales when \(x=3000\). Make a sketch showing \(d R\) and \(\Delta R\).
Find the price elasticity of demand for the demand function at the indicated \(x\) -value. Is the demand elastic, inelastic, or of unit elasticity at the indicated \(x\) -value? Use a graphing utility to graph the revenue function, and identify the intervals of elasticity and inelasticity. \(p=\frac{500}{x+2} \quad x=23\)
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