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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