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-The Following Polynomial Approximates the Rabbit Population R(x)=0.121x5+3.013x4+3500R ( x ) = - 0.121 x ^ { 5 } + 3.013 x ^ { 4 } + 3500

question 411

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-The following polynomial approximates the rabbit population in a particular area. R(x) =0.121x5+3.013x4+3500R ( x ) = - 0.121 x ^ { 5 } + 3.013 x ^ { 4 } + 3500 where x is the number of years from year 0. Use a graphing calculator to describe the rabbit population from the years 0 to 25.


Definitions:

Inelastic

A characteristic of a good or service whose demand does not change significantly when its price changes.

Efficiency Loss

Reductions in combined consumer and producer surplus caused by an underallocation or overallocation of resources to the production of a good or service. Also called deadweight loss.

Perfectly Inelastic

A situation where the demand or supply for a good or service remains unchanged regardless of changes in its price.

Excise Tax

Is a tax applied on the sale or production for sale of specific goods within a country.

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