Concept explainers
Work the following applied problems. (See Example 5.)
Automobile Sales A car dealership estimates that the total weekly sales of its most popular model are a function of the car's list price p (in dollars) and the interest rate i (as a percent) offered by the manufacturer. The weekly sales are given by
Find the weekly sales if the average list price is
Find and interpret
What would be the approximate effect on weekly sales if the price is $19,400 and interest rates rise from 8% to 9%?
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Mathematics with Applications In the Management, Natural, and Social Sciences (12th Edition)
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- A company specializing in lubrication products for vintage motors produce two blended oils, Smaza and Nefkov. They make a profit of K5,000.00 per litre of Smaza and K4,000.00 per litre of Nefkov. A litre of Smaza requires 0.4 litres of heavy oil and 0.6 litres of light oil. A litre of Nefkov requires 0.8 litres of heavy oil and 0.2 litres of light oil. The company has 100 litres of heavy oil and 80 litres of light oil. How many litres of each product should they make to maximize profits and what level of profit will they obtain? Show all your workings.arrow_forwardUse the graphs to find estimates for the solutions of the simultaneous equations.arrow_forwardPLEASE SOLVE STEP BY STEP WITHOUT ARTIFICIAL INTELLIGENCE OR CHATGPT SOLVE BY HAND STEP BY STEParrow_forward
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