Solve the Problem $$\mathrm { p } ( \mathrm { t } ) = 3156 \mathrm { e } ^ { 0.006 \mathrm { t } }$$

question 320

Multiple Choice

Solve the problem.
- $$\mathrm { p } ( \mathrm { t } ) = 3156 \mathrm { e } ^ { 0.006 \mathrm { t } }$$ , where t is the number of years. According to this formula, in how many years will the population reach 4734?
Round to the nearest tenth of a year.

• A) 33.8 yr
• B) 67.6 yr
• C) 50.7 yr
• D) 135.2 yr

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Definitions:

Variable Costs

Costs that change in proportion to the good or service that a business produces, such as materials and labor.

Output

The sum of all products or services generated by a business or economic system.

Market Price

The current value at which an asset or service can be bought or sold, determined by supply and demand forces in the open market.

Break Even

The point at which total costs and total revenues are equal, resulting in no net loss or gain.