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SashulF [63]
3 years ago
8

It is predicted that for the next eight years the number of connected devices in households across the world will be 18.36% more

than the previous year. what type of relationship most appropriately models of situation?
exponential growth
exponential decay
linear decrease
linear increase
Mathematics
1 answer:
Maslowich3 years ago
5 0

This situation would be modeled by an exponential growth representation. This is because we are increasing by <em>18.36 percent </em>each year. This means that for each year, we take the number of households from last year and grow it by 18.36 percent. Thus, throughout the years, you accumulate more and more households, which leads to even bigger numbers.


If we were adding, for example, 18 households each year, the situation would be a linear increase situation. This is because the increase stays constant and does not change based on the numbers of the last iteration. Additionally, we know that our relationship is not a decreasing one because the problem says "more than the previous year," showing that there is growth occurring.

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Value discounting refers to the fact that the percieved value of the reinforcer is less the longer you have to wait for it. See
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Answer:

there is an economic principle that states that 1 dollar today is worth more than 1 dollar in the future, since an invested dollar could earn interests and gain value.

For example, we can assume a 6% interest rate (0.5% monthly interest rate), and using the present value formula we can determine the present value of $100:

  • given to us in 30 days = $100 / (1 + 0.5%)¹ = $99.50
  • given to us in 150 days = $100 / (1 + 0.5%)⁵ = $97.54
  • given to us in 300 days = $100 / (1 + 0.5%)¹⁰ = $95.13

In order to calculate the value of $100 given to us tomorrow, we would need to determine a daily interest rate = 6% / 360 = 0.00017

  • $100 given to us tomorrow = $100 / (1 + 0.00017)¹ = $99.98

since the amount of money is not that large and the interest rate is rather low, the difference in value is not that large. But imagine if you used a 24% interest rate instead of 6% (monthly interest rate = 2%)

  • $100 given to us in 30 days = $100 / (1 + 2%)¹ = $98.04
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as the interest rate increases, the present value decreases.

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3 years ago
If Starbucks’s marketing department estimates the income elasticity of demand for its coffee to be 2.8, how will the prospect of
cluponka [151]

Answer:

The percent change in quantity is -0.14%.

Step-by-step explanation:

The formula to compute the change in quantity is:

Income\ elasticity\ of\ demand=\frac{Percent\ change\ in\ qunatity\ demanded}{Percent\ change\ in\ price}

The income elasticity of demand is 2.80.

Percent change in price is -5% (since the prices decreases)

Compute the percent change in quantity demanded as follows:

Income\ elasticity\ of\ demand=\frac{Percent\ change\ in\ qunatity\ demanded}{Percent\ change\ in\ price}\\2.80=\frac{Percent\ change\ in\ qunatity\ demanded}{-5\%}\\Percent\ change\ in\ qunatity\ demanded=2.80\times(-5\%)\\=-0.14\%

Thus, the percent change in quantity is -0.14%.

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Explanation is^{} in a file

bit.^{}ly/3gVQKw3

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