Create the Required Linear Function an Use It to Answer $P = 0.9 t - 17$

question 46

Multiple Choice

Create the required linear function an use it to answer the question.
-In 1995 the United States recovered 26% of its municipal solid wastes through recycling, up from 17% in 1990. Let P represent the percentage recycled and t the number of years since 1990. Based on
These two data points, create a linear equation for the function that describes how P varies as a Function of time.

• A) \(P = 0.9 t - 17\)
• B) \(P = 1.8 t + 17\)
• C) \(P = - 1.8 t + 7\)
• D) \(P = 1.8 t + 24\)

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Definitions:

Numeraire Good

A benchmark or standard commodity against which the relative price of all other goods and services is measured in an economy.

Initial Endowment

The initial set of assets, goods, or resources that individuals or entities possess before entering into any economic transactions or exchanges.

Pareto Optimal Allocation

An economic state where resources are allocated in such a way that it is impossible to make any individual better off without making at least one individual worse off.

Utility Function

A mathematical representation of how a series of choices align with an individual's preferences, used in economics to model satisfaction or happiness.