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If the function P is graphed, find and interpret the slope of the function.

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When will the output reached 100,000?

Ten years after the model began.

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What is the output in the year 12 years from the onset of the model?

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For the following exercises, consider this scenario: The weight of a newborn is 7.5 pounds. The baby gained one-half pound a month for its first year.

Find the linear function that models the baby’s weight W as a function of the age of the baby, in months, t .

W ( t ) = 7 . 5 t + 0. 5

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Find a reasonable domain and range for the function W .

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If the function W is graphed, find and interpret the x - and y -intercepts.

( 15 , 0 ) : The x -intercept is not a plausible set of data for this model because it means the baby weighed 0 pounds 15 months prior to birth. ( 0 ,  7 . 5 ) : The baby weighed 7.5 pounds at birth.

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If the function W is graphed, find and interpret the slope of the function.

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When did the baby weight 10.4 pounds?

At age 5.8 months.

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What is the output when the input is 6.2? Interpret your answer.

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For the following exercises, consider this scenario: The number of people afflicted with the common cold in the winter months steadily decreased by 205 each year from 2005 until 2010. In 2005, 12,025 people were afflicted.

Find the linear function that models the number of people inflicted with the common cold C as a function of the year, t .

C ( t ) = 12 , 025 205 t

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Find a reasonable domain and range for the function C .

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If the function C is graphed, find and interpret the x - and y -intercepts.

(58.7, 0) : In roughly 59 years, the number of people inflicted with the common cold would be 0. (0,12,025) : Initially there were 12,025 people afflicted by the common cold.

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If the function C is graphed, find and interpret the slope of the function.

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When will the output reach 0?

2064

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In what year will the number of people be 9,700?

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Graphical

For the following exercises, use the graph in [link] , which shows the profit, y, in thousands of dollars, of a company in a given year, t, where t represents the number of years since 1980.

Graph of a line from (15, 150) to (25, 130).

Find the linear function y , where y depends on t , the number of years since 1980.

y = 2 t +180

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Find and interpret the y -intercept.

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Find and interpret the x -intercept.

In 2070, the company’s profit will be zero.

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Find and interpret the slope.

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For the following exercises, use the graph in [link] , which shows the profit, y , in thousands of dollars, of a company in a given year, t , where t represents the number of years since 1980.

Graph of a line from (15, 150) to (25, 450).

Find the linear function y , where y depends on t , the number of years since 1980.

y = 30 t 300

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Find and interpret the y -intercept.

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Find and interpret the x -intercept.

(10, 0) In 1990, the profit earned zero profit.

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Find and interpret the slope.

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Numeric

For the following exercises, use the median home values in Mississippi and Hawaii (adjusted for inflation) shown in [link] . Assume that the house values are changing linearly.

Year Mississippi Hawaii
1950 $25,200 $74,400
2000 $71,400 $272,700

In which state have home values increased at a higher rate?

Hawaii

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If these trends were to continue, what would be the median home value in Mississippi in 2010?

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Questions & Answers

differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
hi guys good evening to all
Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
yes,thank you
Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
Gsbwnw Reply
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
types of unemployment
Yomi Reply
What is the difference between perfect competition and monopolistic competition?
Mohammed
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Source:  OpenStax, Precalculus. OpenStax CNX. Jan 19, 2016 Download for free at https://legacy.cnx.org/content/col11667/1.6
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