Which of the following statements about the theory of the firm in the short run and long run are true?

Advanced Placement (AP)

1 answer:

Tom [10]4 years ago

7 0

Where are the statements?

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Explain in detail, how you solved the following problem: The first two terms of a sequence are 10 and 20. If each term after the

KIM [24]

Answer:

$T_{2020} = 15$

Explanation:

Given

$T_1 = 10$

$T_2 = 20$

Each term after the second term is the average of all of the preceding terms

Required:

Explain how to solve the 2020th term

Solve the 2020th term

Solving the 2020th term of a sequence using conventional method may be a little bit difficult but in questions like this, it's not.

The very first thing to do is to solve for the third term;

The value of the third term is the value of every other term after the second term of the sequence; So, what I'll do is that I'll assign the value of the third term to the 2020th term

This is proved as follows;

From the question, we have that "..... each term after the second term is the average of all of the preceding terms", in other words the MEAN

$T_{n} = \frac{\sum T{k}}{n-1} ; where: k = 1 .... n -1$