In Exercises 16, use the Chapter 4 Tech Card to answer the questions from the real-life scenarios.
Employer Labor Costs Based on data from 1995 to 1999, the average annual earnings in the lumber and wood products manufacturing industry may be modeled by
S(t) = −63.57t2 + 1253t + 25,066
dollars per employee and the average number of employees in the lumber and wood products manufacturing industry may be modeled by
E(t) = 3.143t2 + 5.029t + 772.5
thousand employees where t is the number of years since 1995.
In 1999, at what rate was employer spending on lumber and wood products manufacturing industry employee earnings increasing?
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