The profits of a small company for each of the first five years of its operation are
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Question:
The profits of a small company for each of the first five years of its operation are given in the following table:
Year | Profit in $1000s |
2010 | 6 |
2011 | 27 |
2012 | 62 |
2013 | 111 |
2014 | 174 |
a. Plot points representing the profit as a function of year, and join them by as smooth a curve as you can
b. What is the average rate of increase of the profits between 2012 and 2014?
c. Use your graph to estimate the rate at which the profits were changing in 2012.
Related Book For
Managerial economics
ISBN: 978-1118041581
7th edition
Authors: william f. samuelson stephen g. marks
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