Solve the Problem. -A Gas Station Sells 4820 Gallons of Regular Unleaded Gasoline

question 162

Multiple Choice

Solve the problem.
-A gas station sells 4820 gallons of regular unleaded gasoline on a day when they charge $1.35 per gallon, whereas they sell 3850 gallons on a day that they charge $1.40 per gallon. Find a linear function that expresses
Gallons sold as a function of price.

• A)G(p)= -19,400p + 30,988.2
• B)G(p)= -19,400p + 31,026
• C)G(p)= -19,400p + 31,010
• D)G(p)= -19,400p + 30,993.8

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Definitions:

Average Variable Costs

The total variable costs (costs that change with the level of output) divided by the number of units produced, indicating the average cost of producing each unit.

Industry Giants

The largest and most influential companies within a sector, known for their market domination, innovation, and financial capabilities.

Lower Prices

Lower prices indicate a decrease in the cost that consumers are asked to pay for goods or services, often aimed at boosting sales or competitiveness.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, typically includes product, price, place, and promotion.