Multiple Choice
The four stages that new-product ideas go through are known as which of the following?
0. Functions
Introduction to Functions
Struggling with Business Calculus?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
In the context of business calculus, which of the following best describes the 'domain' of a function?
A
The maximum value the function can attain
B
The set of all possible input values for the function
C
The set of all possible output values for the function
D
The rate at which the function changes
Verified step by step guidance1
Step 1: Understand the concept of 'domain' in the context of a function. The domain of a function refers to the set of all possible input values (typically represented as x-values) for which the function is defined.
Step 2: Eliminate incorrect options by analyzing their definitions. For example, 'The maximum value the function can attain' refers to the range or the maximum output, not the domain.
Step 3: Similarly, 'The set of all possible output values for the function' describes the range, not the domain.
Step 4: The option 'The rate at which the function changes' refers to the derivative of the function, which is unrelated to the domain.
Step 5: Conclude that the correct description of the domain is 'The set of all possible input values for the function,' as this aligns with the definition of the domain in business calculus.
1:37mWatch next
Master Introduction to Business Calculus Channel with a bite sized video explanation from Patrick
Start learningRelated Videos
Related Practice
Introduction to Functions practice set
Problem sets built by lead tutorsExpert video explanations