What is the slope of a line with endpoints (-11,5) and (5,-7)
2 answers:
You might be interested in
The capital formation of the investment function over a given period is the
accumulated capital for the period.
- (a) The capital formation from the end of the second year to the end of the fifth year is approximately <u>298.87</u>.
- (b) The number of years before the capital stock exceeds $100,000 is approximately <u>46.15 years</u>.
Reasons:
(a) The given investment function is presented as follows;
(a) The capital formation is given as follows;
From the end of the second year to the end of the fifth year, we have;
The end of the second year can be taken as the beginning of the third year.
Therefore, for the three years; Year 3, year 4, and year 5, we have;
The capital formation from the end of the second year to the end of the fifth year, C ≈ 298.87
(b) When the capital stock exceeds $100,000, we have;
Which gives;
The number of years before the capital stock exceeds $100,000 ≈ <u>46.15 years</u>.
Learn more investment function here:
