Explanation Given Information: Company A’s profit curve satisfy these initial conditions. P ( 0 ) = $ 1 million per year , P ' ( 0 ) = $ 1 million per year and P ' ( 0 ) = − $ 1 million per year Company B’s profit curve satisfy these initial conditions. P ( 0 ) = $ 1 million per year , P ' ( 0 ) = − $ 1 million per year and P ' ( 0 ) = $ 1 million per year The graph has no point of inflection in any of profit curve. Graph: Consider the Company A’s profit satisfy these initial conditions. P ( 0 ) = $ 1 million per year , P ' ( 0 ) = $ 1 million per year and P ' ( 0 ) = − $ 1 million per year And consider the graph has no inflection point in profit’s curve. When the first derivative of function is positive at any point then the function would be increasing at that point. When the second derivative of function is negative at any point then the graph of the function is concave down

Student Solutions Manual for Waner/Costenoble's Finite Math and Applied Calculus, 7th

7th Edition

ISBN: 9781337275972

Author: Waner, Stefan; Costenoble, Steven

Publisher: Cengage Learning

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Chapter 12.3, Problem 95E

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To graph: The two pairs of profit curve one graph represents the performance of company B outperformed by company A and another graph represents the performance of company A outperformed by company B

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Chapter 12.3, Problem 94E

Chapter 12.3, Problem 96E

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Chapter 12 Solutions

Student Solutions Manual for Waner/Costenoble's Finite Math and Applied Calculus, 7th

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To graph: The two pairs of profit curve one graph represents the performance of company B outperformed by company A and another graph represents the performance of company A outperformed by company B

Solution Summary: The author explains that the graph of the profit of Company A would be increasing because the first derivative of function is positive at that point. The concavity of a function will also not change because there is no point of inf

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To graph: The two pairs of profit curve one graph represents the performance of company B outperformed by company A and another graph represents the performance of company A outperformed by company B

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Chapter 12 Solutions