14. A lumber company considers their weekly revenue R (in units of thousands of dollars) as a function S of the price of cedar lumber in dollars per kilogram. Furthermore, the price of cedar lumber is a function g of the price u of unprocessed cedar wood, in dollars per kilogram. These functions are graphed below. R 100 75 3. e =g(w) 50 R=f(e) 25 0 1 2 3 4 01 2 3 If the price per kilogram of unprocessed cedar wood increases from $2 to $2.01, approximately what will be the resulting change in weekly revenue for the lumber company? Answer: About -$125

14. A lumber company considers their weekly revenue R (in units of thousands of dollars) as a function S of the price of cedar lumber in dollars per kilogram. Furthermore, the price of cedar lumber is a function g of the price u of unprocessed cedar wood, in dollars per kilogram. These functions are graphed below. R 100 75 3. e =g(w) 50 R=f(e) 25 0 1 2 3 4 01 2 3 If the price per kilogram of unprocessed cedar wood increases from $2 to $2.01, approximately what will be the resulting change in weekly revenue for the lumber company? Answer: About -$125

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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