Solve
-The Value of a Particular Investment Follows a Pattern $\mathrm { A } = 2600 \mathrm { e } ^ { 0.052 \mathrm { t } }$

question 254

Multiple Choice

Solve.
-The value of a particular investment follows a pattern of exponential growth. In the year 2000, you invested money in a money market account. The value of your investment t years after 2000 is given by the exponential growth model $\mathrm { A } = 2600 \mathrm { e } ^ { 0.052 \mathrm { t } }$ . How much did you initially invest in the account?

• A) \(\$ 2600.00\)
• B) \(\$ 2738.78\)
• C) \(\$ 135.20\)
• D) \(\$ 1300.00\)

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Definitions:

Marginal Resource Cost

The increase in total cost incurred by employing one more unit of a resource, such as labor or capital.

Total Cost

The sum of all costs incurred by a business in the production of goods or services, including fixed and variable costs.

Input

Resources (such as labor, materials, and capital) used in the production process to create goods or services.

Marginal Resource Cost

The additional cost incurred by a firm for using one more unit of input, like labor or raw materials.