Question

The graph below shows a company's profit f(x), in dollars, depending on the price of pencils x, in dollars, sold by the company.

Part A: What do the x-intercepts and maximum value of the graph represent? What are the intervals where the function is increasing and decreasing, and what do they represent about the sale and profit? (4 points)

Part B: What is an approximate average rate of change of the graph from x = 2 to x = 5, and what does this rate represent? (3 points)

Part C: Describe the constraints of the domain. (3 points)

Answer 1

Explanation:

Part A

The x-intercept are the values of the variable "x" for which the value of the function, f(x) is zero (f(x) = 0)

The given parameters are;

The values of the function, f(x) = The company's profit

The values of the independent variable, "x" = The price of erasers

Therefore, at the x-intercept, where the values of the variable "x" are 0 and 8, the profit of the company, (f(x)) is 0 (the company does not make any profit)

2) The maximum value, which is the highest point of the graph with coordinate (4, 270), gives the company's maximum profit, f(x) = $270, and the price of the eraser, x-value, at which the company makes maximum profit which is at the price of an eraser, x = $4

3) The intervals where the function is increasing is 0 ≤ x ≤ 4

At the interval where the function is increasing, the sale price is increasing and the profits are increasing

The intervals where the function is decreasing is 4 ≤ x ≤ 8

At the interval where the function is decreasing, the sale price is increasing and the profits are decreasing

Part B

The appropriate average rate of change of the graph from x = 1 to x = 4 where f(x) = 120 and 270 respectively is given as follows

Rate of change of the graph from x = 1 to x = 4 is (270 -120)/(4 - 1) = 50

The average rate of change of the graph represents that the as the price of the eraser increases by $1.00 the profits increases by $50.00

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