Functions Modeling Change: A Preparation for Calculus, 5th Edition

Published by Wiley
ISBN 10: 1118583191
ISBN 13: 978-1-11858-319-7

Chapter 4 - 4.1 Introduction to the Family of Exponential Functions - Exercises and Problems for Section 4.1 - Exercises and Problems - Page 147: 47

Answer

A) $(iii)< i<(ii)$

Work Step by Step

A) We calculate $R'(t)$: $R'(t)=24.48(1.4)^t\ln 1.4$ Because $R'(t)$ is increasing, it follows that the average rate of change over a later year is larger than over an earlier year. Therefore, in increasing order: 2010→2011<2011→2012<2013→2014. $(iii)< i<(ii)$. B) If after 2014 the revenue keeps increasing but the yearly increases get smaller (slopes are positive but decreasing), that means the slope $R'(t)$ is positive and decreasing — equivalently the graph is increasing and concave down on that interval (second derivative $R''(t)<0$.
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