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ivanzaharov [21]
3 years ago
5

The current population of a town is 10,000 and its growth in years can be represented by P(t) = 10,000(0.2)^t, where t is the ti

me in years.
1. By what percentage does the population increase by each year?


2. Which function is correctly rewritten to reveal the monthly growth rate of the towns population?

a P(t)= 10,000(0.87449)^t

b P(t)= 10,000(0.87449)^12t

c P(t)= 10,000(0.87449)^1/t

d P(t)= 10,000(0.87449)^t+12

Please Help
Mathematics
1 answer:
DiKsa [7]3 years ago
8 0

Answer:

1) 20%

2) Choice a.

Step-by-step explanation:

P(t)=10000(0.2)^t

1) P(0) is the population initially.

P(1) is the population after a year.

\frac{P(1)}{P(0)} represents the population increase factor.

So let's evaluate that fraction:

\frac{P(1)}{P(0)}

\frac{10000(0.2)^1}{10000(0.2)^0}

\frac{0.2^1}{0.2^0}=\frac{0.2}{1}=0.2

0.2=20%

2) Let's figure out the population growth in terms of months instead of years.

P(t)=10000(0.2)^{t}

We want t to represent months.

A full year is 12 months, in a full year we have that P(1)=10000(0.2)^1=10000(0.2)=2000

So we want a new P such that P(12)=2000 since 12 months equals a year.

Let's look at the functions given to see which gives us this:

a) P(12)=10000(0.87449)^{12}=2000 \text{approximately}

b) P(12)=10000(0.87449)^{12(12)}=0 \text{ approximately}

c) P(12)=10000(0.87449)^{\frac{1}{12}}=9889 \text{approximately}

d) P(12)=10000(0.87449)^{12+12}=400 \text{approximately}

So a is the function we want.

Also another way to look at this:

P(t)=10000(.2)^t where t is in years.

P(t)=10000(.2^\frac{1}{12})^t where t is in months.

And .2^\frac{1}{12}=0.874485 \text{approximately}

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Answer:

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Supply Equation: 80p - 24000 = 9q.

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Equilibrium Quantity: 2000 units.

Step-by-step explanation:

To solve this question, first, the demand equation has to be calculated. Let price be on the y-axis and quantity by on the x-axis. It is given that p = $485 when q = 3000 units. This can also be written as (q₁, p₁) = (3000, 485). It is also given that when the price goes down by $20, the quantity increases by 500 units. Therefore, (q₂, p₂) = (3500, 465). Due to the statement "For each decrease in unit price of $20 below $485, the quantity demanded increases by 500 units", the demand function will be linear i.e. a straight line. This is because the word "for each" has been used. Therefore, finding the equation of the demand function:

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Second, find the supply equation. It is given that the suppliers will not sell the product below or at the price of $300. Therefore, (q₁, p₁) = (0, 300). Also, the suppliers will sell 2000 units if the price is $525. Therefore, (q₂, p₂) = (2000, 525). Since it is mentioned that supply equation is linear, therefore:

(p - p₁)/(q - q₁) = (q₂ - q₁)/(p₂ - p₁).

(p - 300)/(q - 0) = (525 - 300)/(2000 - 0).

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To summarize:

Demand Equation: q = 15125 - 25p!!!

Supply Equation: 80p - 24000 = 9q!!!

Equilibrium Price: $525!!!

Equilibrium Quantity: 2000 units!!!

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