Business The annual cost C (in thousands of dollars) and revenue R (in thousands of dollars) for a company each year from 2010 through 2016 can be approximated by the models C = 254 − 9 t + 1.1 t 2 and R = 341 + 3.2 t where P is the year, with t = 10 corresponding to 2010. (a) Write a function P that represents the annual profit of the company. (b) Use a graphing utility to graph C , R , and P in the same viewing window.
Business The annual cost C (in thousands of dollars) and revenue R (in thousands of dollars) for a company each year from 2010 through 2016 can be approximated by the models C = 254 − 9 t + 1.1 t 2 and R = 341 + 3.2 t where P is the year, with t = 10 corresponding to 2010. (a) Write a function P that represents the annual profit of the company. (b) Use a graphing utility to graph C , R , and P in the same viewing window.
Solution Summary: The author explains the functions C,R and P in the same viewing window of a graphing utility.
Business The annual cost
C
(in thousands of dollars) and revenue
R
(in thousands of dollars) for a company each year from
2010
through
2016
can be approximated by the models
C
=
254
−
9
t
+
1.1
t
2
and
R
=
341
+
3.2
t
where
P
is the year, with
t
=
10
corresponding to
2010.
(a) Write a function
P
that represents the annual profit of the company.
(b) Use a graphing utility to graph
C
,
R
,
and
P
in the same viewing window.
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