Average Cost: iPhone Assume that is costs Apple approximately
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Chapter 12 Solutions
Finite Mathematics and Applied Calculus (MindTap Course List)
- Sales Growth In this exercise, we develop a model for the growth rate G, in thousands of dollars per year, in sales of the product as a function of the sales level s, in thousands of dollars. The model assumes that there is a limit to the total amount of sales that can be attained. In this situation, we use the term unattained sales for difference this limit and the current sales level. For example, if we expect sales grow to 3 thousand dollars in the long run, then 3-s is the unattained sales. The model states that the growth rate G is proportional to the product of the sales level s, and the unattained sales. Assume that the constant of proportionality is 0.3 and that the sales grow to 2 thousand dollars in the long run. a.Find the formula for unattained sales. b.Write an equation that shows the proportionality relation for G. c.On the basis of the equation from the part b, make a graph of G as a function of s. d.At what sales level is the growth rate as large as possible? e.What is the largest possible growth rate?arrow_forwardDigital cameras A company that produces and sells digital cameras has determined that the total weekly cost C of producing x digital cameras is given by the function C(x)=1.5x2150x+4850. Determine the production level that minimizes the weekly cost for producing the digital cameras and find that weekly minimum cost.arrow_forward
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