A Managerial Service Determines That the Rate of Increase in Maintenance

question 116

Short Answer

A managerial service determines that the rate of increase in maintenance costs (in dollars per year)for a particular house is given by M'(x)= 2x(3
+ 70),where x is the age of the house in years and M(x)is the total (accumulated)cost of maintenance for x years.Find the total cost for the first 3 years.

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Definitions:

Cash Dividend

A payment made by a company out of its earnings to its shareholders, usually in the form of cash.

Stock Dividend

A dividend payment made in the form of additional shares rather than a cash payout.

Legal Obligation

A duty enforced by law that requires an individual or entity to conform to specific conduct or refrain from certain actions.

Cash Dividend Declaration

An announcement by a company's board of directors to distribute profits to shareholders in the form of cash.