The Function P, Whose Graph Follows, Gives the Prime Rate

question 68

Essay

The function P, whose graph follows, gives the prime rate (the interest rate banks charge their best corporate customers) as a function of time for the first 32 wk during a year.Determine the values of t for which P is discontinuous. __________

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Definitions:

Corporate Expansion

The process of a company increasing its business operations and market presence, which may involve opening new locations, acquiring other businesses, or expanding its product or service offerings.

Sherman Antitrust

A landmark federal statute in the U.S. passed in 1890, which outlaws monopolistic business practices.

Restraint Of Trade

A limitation on the full exercise of doing business with others.

Monopoly

The exclusive control of a market by a business enterprise.