SOLUTION: A hospital’s revenue (in millions of dollars) is projected to be
R(x) = 16x2 + 7x - 1
and its costs (in millions of dollars) are projected to be
C(x) = 12x2 + 12x + 14
where x
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-> SOLUTION: A hospital’s revenue (in millions of dollars) is projected to be
R(x) = 16x2 + 7x - 1
and its costs (in millions of dollars) are projected to be
C(x) = 12x2 + 12x + 14
where x
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Question 1035424: A hospital’s revenue (in millions of dollars) is projected to be
R(x) = 16x2 + 7x - 1
and its costs (in millions of dollars) are projected to be
C(x) = 12x2 + 12x + 14
where x represents the number of years into the future.
a. Create the profit function for the hospital.
b. What is the average rate of change in the profit from year 3 to year 5? Answer by robertb(5830) (Show Source):
You can put this solution on YOUR website! a. The profit function would be .
b.The average rate of change in the profit from year 3 to year 5 is , or $27,000,000 per year.
