Answer:
Step-by-step 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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