3) The average price of a ticket to a minor league baseball game can be approximated by p(x)=0.03x2 +0.45x + 6.53, where x is the number of years after 1990 and p(x) is in dollars. (i) Find p(5). (ii) Find p(12). (iii) Find p(12) - p(5). p(12) - p(5) (iv) Find 12-5 A) (i) $9.53 and interpret this result. (ii) $16.25 (iii) $-6.72 (iv) $-0.96 is the average annual increase in ticket price from the 5th to the 12th year after 1990 (or from 1995 to 2002). B) (i) $5.03 (ii) $5.45 (iii) $-0.42 (iv) $-0.06 is the average annual increase in ticket price from the 5th to the 12th year after 1990 (or from 1995 to 2002). C) (i) $12.53 (ii) $63.77 (iii) $-51.24 (iv) $-7.32 is the average ticket price in 1995. D) (ii) $-8.03 (ii) $-7.61 (iii) $-0.42 (iv) $-0.06 is the average annual increase in ticket price from the 5th to the 12th year after 1990 (or from 1995 to 2002). 4) Suppose that the dollar cost of producing x radios is c(x) = 400 + 20x -0.2x2. Find the average cost per radio of producing the first 45 radios. A) $895.00 B) $495.00 C) $11.00 D) -$2.00 5) At the beginning of a trip, the odometer on a car reads 24,437 and the car has a full tank of gas. At the end of the trip the odometer reads 24,694 and there are 2.2 gallons remaining in the tank. The tank can hold a total of 9 gallons. What is the average rate of change of the number of miles with respect to the number of gallons? Assume that the tank was not filled during the trip. A) 28.56 miles/gal B) 37.79 miles/gal C) 22.95 miles/gal D) 257 miles 3) 4) 5)
3) The average price of a ticket to a minor league baseball game can be approximated by p(x)=0.03x2 +0.45x + 6.53, where x is the number of years after 1990 and p(x) is in dollars. (i) Find p(5). (ii) Find p(12). (iii) Find p(12) - p(5). p(12) - p(5) (iv) Find 12-5 A) (i) $9.53 and interpret this result. (ii) $16.25 (iii) $-6.72 (iv) $-0.96 is the average annual increase in ticket price from the 5th to the 12th year after 1990 (or from 1995 to 2002). B) (i) $5.03 (ii) $5.45 (iii) $-0.42 (iv) $-0.06 is the average annual increase in ticket price from the 5th to the 12th year after 1990 (or from 1995 to 2002). C) (i) $12.53 (ii) $63.77 (iii) $-51.24 (iv) $-7.32 is the average ticket price in 1995. D) (ii) $-8.03 (ii) $-7.61 (iii) $-0.42 (iv) $-0.06 is the average annual increase in ticket price from the 5th to the 12th year after 1990 (or from 1995 to 2002). 4) Suppose that the dollar cost of producing x radios is c(x) = 400 + 20x -0.2x2. Find the average cost per radio of producing the first 45 radios. A) $895.00 B) $495.00 C) $11.00 D) -$2.00 5) At the beginning of a trip, the odometer on a car reads 24,437 and the car has a full tank of gas. At the end of the trip the odometer reads 24,694 and there are 2.2 gallons remaining in the tank. The tank can hold a total of 9 gallons. What is the average rate of change of the number of miles with respect to the number of gallons? Assume that the tank was not filled during the trip. A) 28.56 miles/gal B) 37.79 miles/gal C) 22.95 miles/gal D) 257 miles 3) 4) 5)
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 1.2CE: Plot the logarithm of arrivals for each transportation mode against time, all on the same graph....
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Transcribed Image Text:3) The average price of a ticket to a minor league baseball game can be approximated by
p(x) = 0.03x2 +0.45x + 6.53,
where x is the number of years after 1990 and p(x) is in dollars.
(i) Find p(5).
(ii) Find p(12).
(iii) Find p(12) - p(5).
(iv) Find
p(12) - p(5)
12-5
A) (i) $9.53
and interpret this result.
(ii) $16.25
(iii) $-6.72
(iv) $-0.96 is the average annual increase in ticket price from the 5th to the 12th year after 1990
(or from 1995 to 2002).
B) (i) $5.03
(ii) $5.45
(iii) $-0.42
(iv) $-0.06 is the average annual increase in ticket price from the 5th to the 12th year after 1990
(or from 1995 to 2002).
C) (i) $12.53
(ii) $63.77
(iii) $-51.24
(iv) $-7.32 is the average ticket price in 1995.
D) (ii) $-8.03
(ii) $-7.61
(iii) $-0.42
(iv) $-0.06 is the average annual increase in ticket price from the 5th to the 12th year after 1990
(or from 1995 to 2002).
4) Suppose that the dollar cost of producing x radios is c(x) = 400 + 20x - 0.2x². Find the average cost
per radio of producing the first 45 radios.
A) $895.00
B) $495.00
C) $11.00
D) -$2.00
5) At the beginning of a trip, the odometer on a car reads 24,437 and the car has a full tank of gas. At
the end of the trip the odometer reads 24,694 and there are 2.2 gallons remaining in the tank. The
tank can hold a total of 9 gallons. What is the average rate of change of the number of miles with
respect to the number of gallons? Assume that the tank was not filled during the trip.
A) 28.56 miles/gal
B) 37.79 miles/gal
C) 22.95 miles/gal
D) 257 miles
3)
4)
5)
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