Question
Selling Price of DVD Recorders The rise of digital video and the improvement to the DVD format are some of the reasons why the average
Selling Price of DVD Recorders
The rise of digital video and the improvement to the DVD format are some of the reasons why the average selling price of standalone DVD recorders has dropped in the coming years. The function
A(t) =
699 |
(t + 1)0.94 |
(0 t 13)
gives the projected average selling price (in dollars) of stand-alone DVD recorders in year t, where t = 0 corresponds to the beginning of 2002. How fast was the average selling price of standalone DVD recorders falling at the beginning of 2002? How fast was it falling at the beginning of 2014? (Round your answers to the nearest cent.)
2002 = $ per year
2014 = $ per year
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