Solve the Problem $$\mathrm { N } ( \mathrm { t } ) = 2 ( 2 ) ^ { t }$$

question 210

Multiple Choice

Solve the problem.
-Two bacteria are placed in a petri dish. The population will double every day. The formula for the number of bacteria in the dish on day t is $$\mathrm { N } ( \mathrm { t } ) = 2 ( 2 ) ^ { t }$$ where t is the number of days after the two bacteria are placed in the dish. How many bacteria are in the dish
Seven days after the two bacteria are placed in the dish?

• A) 98
• B) 11
• C) 256
• D) 28

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Definitions:

First-Mover Advantage

Comes from being first to exploit a niche or enter a market.

Oligopolistic Industry

An industry structure marked by a small number of firms that dominate the market, often resulting in strategic interactions among these firms.

Strategic Behavior

Actions taken by firms or individuals that consider the anticipated reactions or responses of other firms or individuals.

Collusive Oligopoly

A market situation where a small number of firms agree, explicitly or implicitly, to control prices, market share, or other competitive dimensions, reducing or eliminating competition.