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Suppose that a product currently sells for $24, with the price increasing at the rate of $5 per year. At this price, consumers will buy 192 thousand items, but the number being bought is decreasing at the rate of 5 thousand per year. At what rate is the total revenue changing? Is the total revenue increasing or decreasing? The total revenue changing at the rate of +840 thousand dollars per year; the revenue is increasing. The total revenue changing at the rate of -840 thousand dollars per year; the revenue is decreasing. The total revenue changing at the rate of +1,080 thousand dollars per year; the revenue is increasing. The total revenue changing at the rate of -1,080 thousand dollars per year; the revenue is decreasing.

Suppose that a product currently sells for $24, with the price increasing at the rate of $5 per year. At this price, consumers will buy 192 thousand items, but the number being bought is decreasing at the rate of 5 thousand per year. At what rate is the total revenue changing? Is the total revenue increasing or decreasing? The total revenue changing at the rate of +840 thousand dollars per year; the revenue is increasing. The total revenue changing at the rate of -840 thousand dollars per year; the revenue is decreasing. The total revenue changing at the rate of +1,080 thousand dollars per year; the revenue is increasing. The total revenue changing at the rate of -1,080 thousand dollars per year; the revenue is decreasing.

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 92E
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Suppose that a product currently sells for $24, with the price increasing at the rate of $5 per year. At this price, consumers will buy 192 thousand items, but the number being bought is decreasing at the rate of 5 thousand per year. At what rate is the total revenue changing? Is the total revenue increasing or decreasing? The total revenue changing at the rate of +840 thousand dollars per year; the revenue is increasing. The total revenue changing at the rate of -840 thousand dollars per year; the revenue is decreasing. The total revenue changing at the rate of +1,080 thousand dollars per year; the revenue is increasing. The total revenue changing at the rate of -1,080 thousand dollars per year; the revenue is decreasing.
Transcribed Image Text:Suppose that a product currently sells for $24, with the price increasing at the rate of $5 per year. At this price, consumers will buy 192 thousand items, but the number being bought is decreasing at the rate of 5 thousand per year. At what rate is the total revenue changing? Is the total revenue increasing or decreasing? The total revenue changing at the rate of +840 thousand dollars per year; the revenue is increasing. The total revenue changing at the rate of -840 thousand dollars per year; the revenue is decreasing. The total revenue changing at the rate of +1,080 thousand dollars per year; the revenue is increasing. The total revenue changing at the rate of -1,080 thousand dollars per year; the revenue is decreasing.
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