The next three are; 250, 1,250, and 6,250
Answer:
11
Step-by-step explanation:
C²=23
2C=0
C=2
Substitute C=2 in the first equation 2C=23
2C=23
C=11.5
Approximately C=11
Answer:
The answer is E.
Step-by-step explanation:
The firm minimizing the cost of production when the input value x is 5 time bigger than y. At the point firm is making maximum profit, then firm need to preserve this ratio. Therefore when the ratio of x/y=5 is the closest ratio that the firm can minimize the cost of the production.
Forget the 1996 for the moment. Just count the number of years that go by.
30500*(1.02)^x= 32500 + 600x The easiest way to handle this is either to use a spreadsheet or graph if. I don't see an algebraic way of doing it. I'll try the graph first.
The red line is y = 32500 + 600x
Now let's try a spreadsheet.
I can't copy and past a spreadsheet's contents, but it shows that they are about equal when x = 17.
y = 32500 + 600x gives 42700 when x = 17
y = 30500*(1.02)^17 gives 42707 when x = 17 You cannot get much closer than that.