Examlex
The daily consumption C (in gallons) of diesel fuel on a farm is modeled by ,
Where t is the time (in days) ,with t = 1 corresponding to January 1.
Use a graphing utility to select the graph of the model.
Total Revenues
The total amount of money generated by a firm from its sales activities before any expenses are subtracted.
Elastic
A description of a variable's sensitivity to change in another variable, often used in economics to describe how demand or supply responds to changes in price.
Price-elasticity Coefficient
A measure that calculates how much the quantity demanded of a good responds to a change in its price, quantitatively.
Revenues
The total income generated by a company from its business operations, such as sales of goods or services, before any costs or expenses are deducted.
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