
Chernobog S.
asked 07/07/23Inverse functions
At a particular location, f(p) is the number of gallons of gas sold when the price is p dollars per gallon.
(a) What does the statement f(1) = 4090 tell you about gas sales?
When the price is $1 per gallon, gallons 4090 of gas are sold.
(b) Find and interpret f-1 (4090).
4090 gallons are sold when the price is $1 per gallon.
(c) What does the statement tell you about gas sales?
If the price increases from $1 per gallon, the sales decrease at a rate of 1053 gallons per $1 increase in price.
(d) Find and interpret (f-1)' (4090). Where necessary, round to five decimal places.
When 4090 are already sold, sales decrease at the rate of one gallon per price increase of ______ dollars
I have already solved all of them except part d, based off my answers please help me solve for part d. I am on my last attempt and I have tried the answers (-0.0009, -0.0009506, and 0.0009506) Thank you
1 Expert Answer
Raymond B. answered 07/07/23
Math, microeconomics or criminal justice
d) 4090-1053 = 3037 gallons sold at $2 per gallon, as price rises from $1 to $2 per gallon
1/3037 = .000032927
one gallon less purchased as price rises $.00032927
round to five decimal places: $.00033
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William W.
It appears you are not giving us all the information. Where did the rate 1053 gallons/$ come from?07/07/23