Suppose $f ( n ) = 3 f ( n / 2 ) + 1 , f ( 1 ) = 1$

question 36

Short Answer

Suppose $f ( n ) = 3 f ( n / 2 ) + 1 , f ( 1 ) = 1$ . Find $f ( 8 )$ .

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Definitions:

Market

A place or system where buyers and sellers interact to exchange goods, services, or information.

Consumer Surplus

Consumer Surplus is the difference between the highest price a consumer is willing to pay for a good or service and the actual price they pay.

Tax

A mandatory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Reduction

The act of making something smaller or less in amount, degree, or size.