For the motor oil of Problem 1, graph the price demand equation and the line representing the average price in the same coordinate system over the interval [50, 250]. Describe how the areas under the two curves over the interval [50, 250] are related.
Problem 1:-
Marketing:-
For the cereal of Problem 2, show the sales over the first 2 years geometrically, and describe the geometric representation.
Problem 2:-
Average price:-
At a discount department store, the price demand equation for premium motor oil is given by
where x is the number of cans of oil that can be sold at a price of $p. Find the average price over the demand interval [50, 250].