Retail Price The average retail price (in dollars) of 1 pound of 100% ground beef from
Chapter 2, Problem 43(choose chapter or problem)
Retail Price The average retail price (in dollars) of 1 pound of 100% ground beef from 1996 to 2002 can be modeled by the equation where is the year, with corresponding to 1996. (Source: U.S. Bureau of Labor Statistics) (a) Find the rate of change of the price with respect to the year. (b) At what rate was the price of 100% ground beef changing in 1997? in 2000? in 2002? (c) Use a graphing utility to graph the function for During which years was the price increasing? decreasing? (d) For what years do the slopes of the tangent lines appear to be positive? negative? (e) Compare your answers for parts (c) and (d).
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