Question

An automobile retailer calculates that its loss on the sale of Type M cars is given by L(50) = 8,000 and L'(50) = −500, where L(x) represents the loss on the sale of x Type M cars. What do these values tell you about losses?

Answer 1

Answer:

The loss on the sale of 50 type M cars is $8000, and the loss is decreasing at the rate of $500 per 50 type M car sold.

Step-by-step explanation:

Given

$L(50) = 8000$

$L'(50) = -500$

Required

Interpret

From the question, we understand that:

$x \to$ Number of cars

$L(x) \to$ Profit on x cars

Using the above as a point of reference,

$L'(x) \to$ Rate of loss per x cars

So, the interpretations are:

$L(50) = 8000$

A loss of 8000 on 50 cars

$L'(50) = -500$

The loss rate is a reduction of 500 per 50 car