Concept explainers
To sketch: The market value of a new car as a function of time for a period of 20 years.
Explanation of Solution
Take the time period of 20 years in the x-axis and the market value over the year in the y-axis. The relation between the year and the market value is a function of time.
As the year passes and the car is well-maintained, the market value of the car depreciates. Thus, the rough graph of the market value of a new car over a period of 20 years is shown below in Figure 1.
From Figure 1, it is observed that there is a rapid decrease in the value of the car in the initial stage and later on, there is a gradual decrease in the value of the car.
Note that the market value of the car is inversely proportional to the period.
Chapter 1 Solutions
Single Variable Calculus: Concepts and Contexts, Enhanced Edition
- Calculus: Early TranscendentalsCalculusISBN:9781285741550Author:James StewartPublisher:Cengage LearningThomas' Calculus (14th Edition)CalculusISBN:9780134438986Author:Joel R. Hass, Christopher E. Heil, Maurice D. WeirPublisher:PEARSONCalculus: Early Transcendentals (3rd Edition)CalculusISBN:9780134763644Author:William L. Briggs, Lyle Cochran, Bernard Gillett, Eric SchulzPublisher:PEARSON
- Calculus: Early TranscendentalsCalculusISBN:9781319050740Author:Jon Rogawski, Colin Adams, Robert FranzosaPublisher:W. H. FreemanCalculus: Early Transcendental FunctionsCalculusISBN:9781337552516Author:Ron Larson, Bruce H. EdwardsPublisher:Cengage Learning