A company sells a product for $5 per unit. This year, they sold 1,000 units. Each year, they plan to decrease the price by 10% a
nd predict an increase of 15% in the number of units sold. Use the drop-down menus to choose or create functions to model: A. The planned price of the product over time, p(t) B. The predicted units sold over time, s(t) C. The predicted revenue over time, r(t)
For example, assume that the students are going to lease vans from their university’s motor pool to drive to their conference. A university van will hold eight passengers, at a cost of $200 per van. If they send one to eight participants, the fixed cost for the van would be $200. If they send nine to sixteen students, the fixed cost would be $400 because they will need two vans. We would consider the relevant range to be between one and eight passengers, and the fixed cost in this range would be $200. If they exceed the initial relevant range, the fixed costs would increase to $400 for nine to sixteen passengers.
