Health Plan The manager of an employee health plan for a firm has studied the balance B, in millions of dollars, in the plan account as a function of t, the number of years since the plan was instituted. He has determined that the account balance is given by the formula
a. Make a graph of B versus t over the first 7 years of the plan.
b. At what time is the account balance at its maximum?
c. What is the smallest value of the account balance over the first 7 years of the plan?
Want to see the full answer?
Check out a sample textbook solutionChapter 2 Solutions
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
Additional Math Textbook Solutions
Pre-Algebra, Student Edition
Beginning and Intermediate Algebra
Elementary Algebra For College Students (10th Edition)
Elementary & Intermediate Algebra
Algebra and Trigonometry
Pre-Algebra Student Edition
- Maximum Revenue A small theater has a seating capacity of 2000.When the ticket price is 20,attendance is 1500.For each 1decrease in price, attendance increases by 100. (a) Write the revenue R of the theater as a function of ticket price x. (b) What ticket price will yield a maximum revenue? What is the maximum revenue?arrow_forwardStadium Revenue A baseball team plays in a stadium that holds 55.000 spectators. With the ticket price at $10, the average attendance at recent games has been 27,000. A market survey indicates that for every dollar the ticket price is lowered, attendance increases by 3000. (a) find a function that models the revenue in terms of ticket (b) find the price that maximizes revenue from ticket sales. (c) What ticket Bice is so high that no revenue is generated?arrow_forward
- Functions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage LearningCollege Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillCollege AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning