For the years from 2002 and projected to 2024, the U.S. per capita out-of-pocket cost for health
Question:
For the years from 2002 and projected to 2024, the U.S. per capita out-of-pocket cost for health care C (in dollars) can be modeled by
the function
C(t) = 0.908t3 - 25.3t2 + 549t + 4540
where t is the number of years past 2000.
(a) When does the rate of change of health care costs per capita reach its minimum?
(b) On a graph of C(t), what feature occurs at the t-value found in part (a)?
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Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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