The Recursive Definition of a Fibonacci Number Is Fn) =

question 6

Multiple Choice

The recursive definition of a Fibonacci Number is Fn) = Fn-1) + Fn-2) , where F0) =1 and F1) =1. What is the value of Fib5) ?

• A) 8
• B) 5
• C) 2
• D) 1

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Definitions:

Depletable Resource

A natural resource that can be diminished or exhausted by use, such as fossil fuels, minerals, or forests.

Extraction Cost

The expenses associated with the removal of raw materials from their natural setting for use or sale.

Non-Monetary Benefits

Advantages or perks associated with a job or situation that are not in the form of money, such as health insurance or flexible working hours.

Hotelling Rule

A theory in economics that states the net price (price minus extraction costs) of a non-renewable resource should increase at the rate of interest over time.