A Chain of Auto Service Stations Has Found That Its

question 40

Multiple Choice

A chain of auto service stations has found that its monthly sales volume y (in dollars) is related to the price p (in dollars) of an oil change according to . What is the rate of change of sales volume when the price is $40? Interpret your answer. Round your answer to the nearest dollar. ​

• A) -5,774. If the price of an oil change goes from $40 to $41, the monthly sales volume will decrease by $5,774.
• B) -241. If the price of an oil change goes from $40 to $41, the monthly sales volume will increase by $241.
• C) -241. If the price of an oil change goes from $40 to $41, the monthly sales volume will decrease by $241.
• D) -120. If the price of an oil change goes from $40 to $41, the monthly sales volume will decrease by $120.
• E) -120. If the price of an oil change goes from $40 to $41, the monthly sales volume will increase by $120.

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Definitions:

Revenue Account

An account that tracks the income earned by a business, from sales or other sources, during an accounting period.

Expense Account

An account used to record the consumption of assets, including costs incurred in the operation of a business, contributing to a reduction in equity.

Merchandise Inventory

Goods a company intends to sell to customers, typically in a retail or wholesale setting.

Replacement Price

The current cost of replacing an asset or inventory with a similar item.