Answer:
The correct option is;
C. Quadratic
Step-by-step explanation:
The given information are;
The quantity of corn Farmer Joe has to sell = 1,000 bushels
The present market price for corn = $5.00 a bushel
The amount by which he expects the market price to rise per week =$0.15
The number of bushels lost to spoilage per week = 10
Therefore, we have;
The value of the corn = Amount of corn left × Price of corn
The price of the corn per bushel with time = 5 + 0.15×t
The amount of corn left = 1000 - 10×t
Where;
t = Time in minutes
Therefore, the total value of corn = (1000 - 10×t)×(5 + 0.15×t) = -1.5·t²+100·t+5000 which is a quadratic model.
Therefore, the correct option is a quadratic model.
