Concept explainers
(a)
To calculate: The expression for the weekly profit earned by the company OHaganBooks.com from the sale of The Secret Loves of John O, taking into account storage and shipping, it costs
(b)
To calculate: The price charged per book to maximize the profit and the maximum possible weekly profit taking into account storage and shipping, it costs
(c)
The difference after obtaining the largest revenue from the sale of The Secret Loves of John O, Taking into account storage and shipping, it costs OHaganBooks.com
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Applied Calculus
- Tuition at American Public Universities This is a continuation of Exercise 6. The following table shows the average yearly in-state tuition and required fees, in dollars, charged by four-year American public universities in the school year ending in the given year. Date Average tuition 2012 8318 2013 8595 2014 8872 2015 9149 2016 9426 a. Show that these data can be modeled by a linear function, and find its formula. b. What is the slope for the linear function modeling tuition and required fees for public universities? c. What is the slope of the linear function modeling tuition and required fees for private universities? Note: See Exercise 6. d. Explain what the information in parts b and c tells you about the rate of increase in tuition in public versus private institutions. e. Which type of institution shows the larger percentage increase from 2015 to 2016? 6. Tuition at American Private Universities The following table shows the average yearly tuition and required fees, in dollars, charged by four-year American private nonprofit universities in the school year ending in the given year. Date Average tuition 2012 27, 870 2013 29, 004 2014 30, 138 2015 31, 272 2016 32, 406 a. Show that these data can be modeled by a linear function, and find its formula. b. Plot the data points and add the graph of the linear formula you found in part a. c. What prediction does this formula give for average tuition and fees at four-year American private nonprofit universities for the academic year ending in 2021?arrow_forwardTEST YOUR UNDERSTADING FOR EXAMPLE 3.5 A donation to the university is required for the privilege of purchasing premium season football passes. The cost is a linear function of the number of season passes. It costs 8000 to get season passes for myself and my spouse. To get passes for my entire family of 5, it costs 17,000. Use a formula to express the total cost C, in dollars, of n season passes. EXAMPLE 3.5 CHANGING CELSIUS TO FAHRENHEIT Temperature F=F(C) in Fahrenheit is a linear function of the temperature C in Celsius. A lab assistant placed a Fahrenheit thermometer beside a Celsius thermometer and observed the following: When the Celsius thermometer reads 30 degree (C=30), the Fahrenheit thermometer reads 86 degrees (F=86). When the Celsius thermometer reads 40 degrees, the Fahrenheit thermometer reads 104 degrees. Part 1 Use a formula to express F as a linear function of C. Part 2 At sea level, water boils at 212 degrees Fahrenheit. What temperature in degrees Celsius makes water boil? Part 3 Explain in practical terms what the slope means in this setting.arrow_forwardWorking on a Commission A certain man works in sales and earns a base salary of 1000 per month plus 5 of his total sales for the month. a. Explain why his total monthly income I is a linear function of total sales S, both measured in dollars. b. How much does he earn if he sells 1600 in merchandise in a month? c. Write a formula that gives total monthly income as a linear function of sales in a month. d. What should his monthly total sales be if he wishes to earn 1350 this month?arrow_forward
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