For the Function Given, Show How You Would Find the Average

question 44

Essay

For the function given, show how you would find the average rate of change using the difference quotient. $$f ( x ) = 16 + 2 x$$

---

Definitions:

Product Demand Elasticity

A measure of how sensitive the quantity demanded of a product is to changes in its price.

Marginal Productivity Theory

An economic theory that explains how the value of a productive input is determined by its contribution to the total output.

Income Distribution

The way in which total income is divided among the members of a society.

Marginal Contribution

The additional amount of revenue or benefit generated by utilizing one more unit of a resource or producing one additional unit of a product.