Examlex

Solved

The Daily Consumption C (In Gallons)of Diesel Fuel on a Farm

question 37

Multiple Choice

The daily consumption C (in gallons) of diesel fuel on a farm is modeled by​ C=30.5+21.6sin(2πt365+10.3) C = 30.5 + 21.6 \sin \left( \frac { 2 \pi t } { 365 } + 10.3 \right) , ​
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.


Definitions:

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.

Related Questions