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Calculus / Calculus with Applications 10 / Chapter 4.2 / Problem 47A

Calculus with Applications | 10th Edition | ISBN: 9780321749000 | Authors: Margaret L. Lial, Raymond N. Greenwell, Nathan P. Ritchey

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Average Cost A gasoline refinery found that the cost to

Chapter 4, Problem 47A

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QUESTION:

Average Cost A gasoline refinery found that the cost to produce 12,500 gallons of gasoline last month was $27,000. At that time, the cost was going up at a rate of $1200 per month, while the number of gallons of gasoline the refinery produced was going up at a rate of 350 gallons per month. At what rate was the average cost to produce a gallon of gasoline increasing or decreasing last month?

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QUESTION:

Average Cost A gasoline refinery found that the cost to produce 12,500 gallons of gasoline last month was $27,000. At that time, the cost was going up at a rate of $1200 per month, while the number of gallons of gasoline the refinery produced was going up at a rate of 350 gallons per month. At what rate was the average cost to produce a gallon of gasoline increasing or decreasing last month?

ANSWER:

Solution:Step 1 of 3:In this problem, we need to define what rate was the average cost to produce a gallon of gasoline increasing or decreasing last month.

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