An economist predicts that the cost of food will increase by 4% per year for the next several years. Part A: Use the economist's prediction to write an explicit rule for a geometric sequence that gives the cost in dollars of a box of cereal in year n that costs $3.20 in year 1. Part B: What is the fourth term of the sequence, and what does it represent in this situation?
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- A certain quantity Q has initial value 5 and decays by 2% each day. Give an exponential function that describes this quantity. (Use t in days as your variable.)The larussi Legal Aide office assisted 110 people in June, 2020, with a staff labor cost of $3,880. In June, 2021 the office provided assistance to 142 people with a labor cost of $4,450. What was their productivity growth over this one-year period? Do not round intermediate calculations. Round your answer to two decimal placea. Use a minus sign to enter a negative value, if any. %Table 8 Amounts of New Solar Power Installed in the United States Amount of New Solar Power Installed Year (megawatts) 2006 2007 105 160 2008 290 2009 435 2010 878 2011 1891 3300 2012 Source: GTM Research If the model is given by: y 2.73(1.80)*, what is the growth rate? O the growth rate is 273%. O The growth rate is 80%. O can not be determined from the equation. O The growth rate is 73% O The growth rate is 180%. 99+ a
- If your income is $60 and the prices of product A and product B are $4 and $3, respectively, how many units of product B can you purchase when all your income will be used to purchase product B only? Use a number, no decimal value, no commas, no space, no unit of measurement. * Your answer If your income is $60 and the prices of product A and product B are $4 and $3, respectively, what would be the function of the budget line, when product A is assigned on the Y axis? * O Qb = 20 - 1.33 Qa O Qa = 15 - 0.75 Qb O Qb = 15 - 1.33 Qa %3D Qa = 20 - 0.75 QbPlease provide the excel formula because I am not understanding what I'm doing wrong with the gradient and percentages. Thank you.Suppose over time that a firm's production process undergoes capital-saving technological progress. This implies (1) the isoquants corresponding to any particular level of output will shift outward from the origin and the MRTSL,K along any ray from the origin will increase. (2) the isoquants corresponding to any particular level of output will shift outward from the origin and the MRTSL,K along any ray from the origin will decrease. (3) the isoquants corresponding to any particular level of output will shift inward toward the origin and the MRTSL,K along any ray from the origin will increase. (4) the isoquants corresponding to any particular level of output will shift inward toward the origin and the MRTSL,K along any ray from the origin will decrease. When a production function can be expressed as q = min{ak, bL}, the relationship between capital and labour in the production function is that (1) capital and labour are perfect substitutes, and the isoquants are linear. (2) capital and…
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- Assume that quantities do not need to be integers. That is, it is possible for Prof. G. to purchase 37.5 cappuccinos. (And if the price of a cappuccino is $4, he would spend 37.5 * $4 = $150 on cappuccinos.) Prof. G. spends all of his money on cappuccino and scones and never has money left over. (Caffeine, butter and a bit of sugar. What more could you want?) Next month, he is planning on purchasing 120 cappuccinos at a price of $3 each and 60 scones at a price of $2 each. What is the cost, in cappuccinos, if he increases his scone purchases to 61?The graph says: Clothing (units per 16 week) 14 12 10 1 2 3 4 5 Food (units per week) You are willing to give up 6 units of clothing to get the first unit of food You are willing to give up 4 units of clothing to get the third unit of food You are willing to give up 1 unit of clothing to get the fourth unit of food You are willing to give up 2 unit of clothing to get the fifth unit of food You are willing to give up 6 units of clothing to get the third unit of foodThe slope of the blue curve measures the plane's At point A, the slope of the curve is Calculating the slope, pay extra attention to the units of analysis.) The unit of measurement for the slope of the curve is , which means that the plane is At point B, the slope of the blue curve is (Hint: Calculating the slope, pay extra attention to the units of analysis.) which means that the plane is at a rate of at a rate of feet per minute. (Hint: feet per minute.