Refer to scenario 4. assume that the profit equation is $110x1 + $150x2 what is the profit at corner point (0, 30)?
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Answer:
We conclude that the function represents exponential growth.
Step-by-step explanation:
Given the function
As the function is of the form
- y=abˣ
and base 'b' > 1
We know that when the base 'b' of the exponential function > 1, meaning those numbers will get bigger, we call it exponential growth.
As b=8/5 is bigger than 1.
i.e. 8/5 > 1
Thus, we conclude that the function represents exponential growth.