Find the Exponential Function That Satisfies the Given Conditions $= 36$

question 230

Multiple Choice

Find the exponential function that satisfies the given conditions.
-Initial value $= 36$ , increasing at a rate of $13 \%$ per year

• A) \(f ( t ) = 36 \cdot 1.13 ^ { t }\)
• B) \(f ( t ) = 13 \cdot 1.13 ^ { t }\)
• C) \(f ( t ) = 36 \cdot 0.13 ^ { t }\)
• D) \(f ( t ) = 36 \cdot 13 ^ { t }\)

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Definitions:

Scarcity

The primary economic challenge is the existence of boundless human demands and necessities within a finite supply of resources.

Technology Advances

Progressive developments and improvements in technology that enhance productivity, efficiency, and the quality of goods and services.

Production Possibilities Curve

A graph that shows the maximum quantity of one good that can be produced for each possible quantity of another good produced, illustrating the trade-offs and opportunity costs of production choices.

Inefficiently

A descriptor for processes or activities that do not use resources in the best possible way, resulting in wasted effort or energy and not achieving maximum productivity.