1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anton [14]
2 years ago
7

Determine what type of model best fits the given situation: the value of a classic car is presently $50,000 and is increasing in

value by 5% per year.
Business
1 answer:
jok3333 [9.3K]2 years ago
4 0

The model that best fits the given situation is exponential  

<h3>what is an Exponential Function?</h3>

Exponential function, in mathematics a relationship of the form y = a^{x}, where the independent variable x extends over the entire real number line as an exponent of a positive number a. The most important exponential function is y = e^{x}.    

Here,

The value of a classic car = $50,000

It is increasing in value by 5% per year.

So, here we have a = 50,000 and x = 5%

The function is increasing.

b = 1+5%

b = 1+0.05 = 1.05

Hence, the function that describes this situation is given by:

f(x)=50000(1.05)^{x}

To learn more about Exponential Function from the given link

brainly.com/question/10750625

#SPJ4

You might be interested in
Why is all else held constant along a demand curve? Group of answer choices To isolate how a change in price impacts a change in
Kazeer [188]

Answer:

To isolate how a change in price impacts the change in quantity demanded.

Explanation:

In the case of the demand the thing that should be constant is the isolation that means if there is the change in price so the same got an effect in the change in the quantity demanded. So overall we can see that both price and quantity demanded could be impacted in an isolation

Therefore the above should be the answer

Hence, the other options seems wrong

6 0
2 years ago
When Castle Corporation pays insurance premiums, the transaction is recorded as a debit to prepaid insurance. Additional informa
atroni [7]

Answer:

$227,500

Explanation:

The computation of the total amount of cash paid is shown below:

Cash paid for insurance premium = Prepaid Insurance at end of the year  + Prepaid Insurance recognized - Prepaid Insurance at the beginning of the year

= $61,250 + $218,750 - $52,500

= $227,500

We simply applied the above formula so that the correct amount of cash paid could come with respect to the insurance premium

5 0
3 years ago
Suppose the production function in medieval Europe is Y 5 K 0.5L0.5, where K is the amount of land and L is the amount of labor.
Sonbull [250]

Answer:

a) Y = 500

b) Wages: 2.5

   Rental price: 2.5

   

c) labor Share of output: 0.370511713 = 37.05%

Explanation:

Y = 4K^{0.5} \times L^{0.5}

if K = 100 and L = 100

Y = 5(100)^{0.5} \times (100)^{0.5}

Y = 50 \times 10

Y = 500

wages: marginal product of labor = value of an extra unit of labor

dY/dL (slope of the income function considering K constant while L variable)

ax^b = bax^{b-1}

Y = 5K^{0.5} \times L^{0.5}

Y' = 5K^{0.5} \times 0.5 L^{-0.5}

Y' = 2.5K^{0.5} \times L^{-0.5}

Y' = 2.5(\frac{K}{L})^{0.5}

With K = 100 and L = 100

Y' = 2.5(\frac{(100)}{(100)})^{0.5}

Y' = 2.5

rental: marginal product of land = value of an extra unit of land

dY/dK (slope of the income function considering K variable while L constant)

Y = 5K^{0.5} \times L^{0.5}

Y' = 2.5K^{-0.5} \times L^{0.5}

Y' = 2.5(\frac{L}{K})^{0.5}

L = 100 K = 100

Y' = 2.5(\frac{100}{100})^{0.5}

Y' = 2.5

c) we use logarithmic properties:

Y = 50 \times 10

log500 = log(50 \times 10)

log500 = log50 + log10

50 was the land while 10 the labor

2.698970004 = 1.698970004 + 1

share of output to labor: 1/2.698970004  = 0.370511713

5 0
3 years ago
Which one of the following is a primary market transaction?
aleksandr82 [10.1K]

Answer:

B. a dealer buying newly-issued shares of stock from a corporation

Explanation:

Primary market transactions are IPOs or any other issuance of securities, e.g. bonds. A security is traded only once in a primary market, since after the security is issued for the first time, any other transection will be made on the secondary market. There is no physical difference between a primary or secondary market, e.g. the NYSE makes both primary and secondary transactions.

6 0
3 years ago
An asset (not an automobile) placed in service in June 2018 has a depreciable basis of $35,000 and a recovery period of 5 years.
Maurinko [17]

Answer:

The Cost that can be deducted will be $3,500

Explanation:

     Bonus Depreciation=$35,000*50%=$17,500

     Now cost deductible in 2018 will be=$17,500/5=$3,500

Currently 50% bonus depreciation being deducted on assets as per new rulings.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Is CNC a type of machine?
    5·1 answer
  • When traveling to another country you have the choice of paying for the stay when you book the reservation or when you check out
    9·1 answer
  • CSM Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $375,00
    13·1 answer
  • Suppose that the price of a bottle of vitamins is $1.73 and that at that price the total quantity demanded by consumers is 75,00
    6·1 answer
  • Exercise 14-04 a-c Bonita Company reports the following costs and expenses in May. Factory utilities $16,000 Direct labor $72,70
    15·1 answer
  • If all courses were regular (not honors or AP) 1 credit classes, calculate the student's GPA based on the following grades:
    11·1 answer
  • Arthur, the ruler of Avalon, has asked for your help with the economy of his country. Arthur's economic minister provides you wi
    5·1 answer
  • Santos International is a beauty salon in Texas. The salon is conveniently located in mid-town, and there is plenty of parking.
    15·1 answer
  • An agreement whereby an investment banker tries to sell securities of an issuing corporation, but assumes no risk if the flotati
    12·1 answer
  • from a company's viewpoint, the existence of an active, liquid, well-organised market in existing shares:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!