Solve the Problem $\mathrm { P } = 0.66 \mathrm { x } ^ { 2 } - 0.048 \mathrm { x } + 2$

question 271

Multiple Choice

Solve the problem.
-The formula $\mathrm { P } = 0.66 \mathrm { x } ^ { 2 } - 0.048 \mathrm { x } + 2$ models the approximate population $\mathrm { P }$ , in thousands, for a species of fish in a local pond, x years after 1997 . During what year will the population reach 25,472 fish?

• A) 2003
• B) 2002
• C) 2004
• D) 2005

Recognize the global nature of modern supply chains and the implications of globalization on production.

Comprehend how enterprise resource planning (ERP) systems integrate various aspects of a business.

Understand the use of big data in monitoring and improving supply chain performance.

Understand the uses of different types of accounting journals and their applications in transactions.

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Definitions:

Total Revenue

The total income a business receives from selling its goods or services, calculated as the quantity sold multiplied by the price.

Midpoint Formula

In economics, it is often used to calculate the price elasticity of demand by comparing the percentage change in quantity demanded to the percentage change in price.

Price Elasticity

An index of how sensitive the amount of a product that is bought or sold is to variations in its cost.

Total Revenue

The overall amount of money generated by the sale of goods or services before any costs are subtracted.