Based on Data Collected During an Experiment, a Biologist Found

question 125

Multiple Choice

Based on data collected during an experiment, a biologist found that the number of fruit flies (Drosophila) with a limited food supply could be approximated by the exponential model where denotes the number of days since the beginning of the experiment.Find the average number of fruit flies in the colony in the first days of the experiment and in the first days.

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Definitions:

Total Profit

The net income a business earns after subtracting all costs, expenses, and taxes from the total revenue.

Per Unit Profit

The profit earned from selling one unit of a product, calculated by subtracting the cost per unit from the selling price per unit.

MR = MC Rule

A principle in economics where the optimal level of output is reached when marginal revenue equals marginal cost.

Price Taker

An individual or company that must accept prevailing prices in the market of its products or services, lacking the market power to influence prices on its own.