Concept explainers
Revenue The revenue R (in millions of dollars) for Chipotle Mexican Grill from 2007 through 2013 can be modeled by
(a) Find the slopes of the graph for the years 2008 and 2010.
(b) Compare your results with those obtained in Exercise 5.
(c) Interpret the slope of the graph in the context of the problem.
Want to see the full answer?
Check out a sample textbook solutionChapter 2 Solutions
Calculus: An Applied Approach (MindTap Course List)
- Manufacturing Cost The manager of a furniture factory finds that it costs 2200 to produce 100 chairs in one day and 4800 to produce 300 chairs in one day. a Assuming that the relationship between cost and the number of chairs produced is linear, find a linear function C that models the cost of producing x chairs in one day. b Draw a graph of C. What is the slope of this line? c At what rate does the factorys cost increase for every additional chair produced?arrow_forwardHOW DO YOU SEE IT? Match the description of the situation with its graph. Also determine the slope and y-intercept of each graph and interpret the slope and y-intercept in the context of the situation. [The graphs are labeled (i), (ii), (iii), and (iv).] (a) A person is paying $20 per week to a friend to repay a #35;36;200 loan. (b) An employee receives $12.50 per hour plus $2 for each unit produced per hour. (c) A sales representative receives $30 per day for food plus $0.32 for each mile traveled. (d) A computer that was purchased for $750 depreciates #35;36;100 per year.arrow_forwardSuppose that average annual income (in dollars) forthe years 1990 through 1999 is given by the linearfunction: I(x)=1,054x+23,286 , where x is thenumber of years after 1990. Which of the followinginterprets the slope in the context of the problem? a. As of 1990, average annual income was $23,286. b. In the ten-year period from 1990-1999, averageannual income increased by a total of $1,054. c. Each year in the decade of the 1990s, averageannual income increased by $1,054. d. Average annual income rose to a level of $23,286 bythe end of 1999.arrow_forward
- Geometry The length and width of a rectangular garden are 15 meters and 10 meters, respectively. A walkway of width x surrounds the garden. (a) Draw a diagram that gives a visual representation of the problem. (b) Write the equation for the perimeter y of the walkway in terms of x. (c) Use a graphing utility to graph the equation for the perimeter. (d) Determine the slope of the graph in part (c). For each additional one-meter increase in the width of the walkway, determine the increase in its perimeter.arrow_forwardManufacturing Cost The manager of a furniture factory finds that it costs $2200 to produce 100 chairs in one day and $4800 to produce 300 chair in or day. (a) Assuming that the relationship between cost and the number of chair’ produced is linear, find a linear function C that models the cost of producing x chair’s in one day. (b) Draw a graph of C. What is the slope of this line? (c) At what rate does the factory’s cost increase for every additional chair produced?arrow_forwardPopulation The population y (in thousands) of Raleigh, North Carolina, from 2000 to 2014 can be approximated by the model y=11.09t+293.4,0t14, where t represents the year, with t=0 corresponding to 2000 (see figure). (a) Graphically estimate the y-intercept of the graph. (b) Find algebraically and interpret the y-intercept of the graph. (c) Use the model to predict the year in which the population will be 538,000. Does your answer seem reasonable? Explain.arrow_forward
- Trigonometry (MindTap Course List)TrigonometryISBN:9781337278461Author:Ron LarsonPublisher:Cengage LearningBig Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
- College AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningAlgebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:Cengage