Please explain! Suppose that P(t) gives the price of a share of Agro systems Inc
ID: 3384368 • Letter: P
Question
Please explain!
Suppose that P(t) gives the price of a share of Agro systems Inc. stock over a period of several days. The graph to the right gives P'(t), the rate of change of stock price. Given this, determine the points in time where the stock achieved a (relative) maximum or (relative) minimum price. Identify each time as to whether a maximum or minimum price occurs. 2. Some people in the state legislature believe that the function R(x) =(100-x) root x describes the amount of revenue the state takes in from income taxes if x represents the percentage of income taken for taxes. Assuming this is correct, what income tax rate would result in maximum revenue to the state? Use calculus to draw your conclusion.Explanation / Answer
1.
The slope is decreases the price is also decrease is a concave downwards or slope is increases the price is also increase is a concave upwards
the points in time where the stock achieve a relative maximum is 11 or relative minimum price 5.
maximum price time 4.5 3 5 11 -1 6.5