The profits of a small company for each of the first five years of its operation are given in the table to the right. a. Plot points representing the profit as a function of year, and join them by as smooth a curve as you can. b. What is the average rate of increase of the profits between 2012 and 2013? c. Use your graph to estimate the rate at which the profits were changing in 2013. a. Choose the correct graph below. OA. Ay 350- 300- 250- 200- 150- 100+ 50- 0+ 2010 X 2015 O B. Ay 350- 300- 250- 200- 150- 100- 50- 0+ 2010 2015 O C. Ay 350- 300- 250- 200- 150- 100+ 50- 0+ 2010 2015 O D. Ay 525- 450- 375- 300- 225- 150- 75+ 0+ 2010 Year 2010 2011 2012 2013 2014 2015 Profit in $1000s 68 89 124 173 236

The profits of a small company for each of the first five years of its operation are given in the table to the right. a. Plot points representing the profit as a function of year, and join them by as smooth a curve as you can. b. What is the average rate of increase of the profits between 2012 and 2013? c. Use your graph to estimate the rate at which the profits were changing in 2013. a. Choose the correct graph below. OA. Ay 350- 300- 250- 200- 150- 100+ 50- 0+ 2010 X 2015 O B. Ay 350- 300- 250- 200- 150- 100- 50- 0+ 2010 2015 O C. Ay 350- 300- 250- 200- 150- 100+ 50- 0+ 2010 2015 O D. Ay 525- 450- 375- 300- 225- 150- 75+ 0+ 2010 Year 2010 2011 2012 2013 2014 2015 Profit in $1000s 68 89 124 173 236

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The profits of a small company for each of the first five years of its operation are given in the table to the right.
a. Plot points representing the profit as a function of year, and join them by as smooth a curve as you can.
b. What is the average rate of increase of the profits between 2012 and 2013?
c. Use your graph to estimate the rate at which the profits were changing in 2013.
a. Choose the correct graph below.
OA.
Ay
350-
300-
250-
200-
150-
100-
50-
0-
2010
2015
G
OB.
Ay
350-
300-
250-
200-
150-
100-
50-
0+
2010
X
2015
O C.
Ay
350-
300-
250-
200-
150-
100-
50-
0-
2010
X
2015
O D.
Ay
525-
450-
375-
300-
225-
150-
75-
0+
2010
Year
2010
2011
2012
2013
2014
2015
G
Profit in $1000s
68
89
124
173
236

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