Hi,
I'm currently studying for my Calc I final, and I come across a review question that I don't understand at all. Here it is:
The value of a car V (in thousands of dollars) depends on how far it has been driven m (in thousands of miles) and its age t (in years). For a certain car it is estimated that
Alex’s parents bought the car for him new a year ago but he only just recently got his license, so the car is one year old but doesn’t yet have any miles on it. If Alex starts driving it now at the rate of 10 thousand miles a year, how fast will its value decrease?
The first problem is obviously that there are two variables in the function. I tried to get rid of that by setting
Is that right? After that, I differentiated and ended up with a huge mess of a formula. I have a feeling that I don't even understand what the question is asking me. Can anybody help me out? Is this even a related rated problem? I don't get it at all...
Thanks.