Solve the Problem $2 \%$ Per 100 Years $t$ Represents Time in Years and Y Represents the Amount of Rate

question 63

Multiple Choice

Solve the problem.
-A certain radioactive isotope decays at a rate of $2 \%$ per 100 years. If $t$ represents time in years and y represents the amount of the isotope left then the equation for the situation is $y = y 0 e ^ { - 0.0002 t }$ . In how many years will there be $89 \%$ of the isotope left?

• A) 550 years
• B) 583 years
• C) 1100 years
• D) 244 years

Differentiate between voidable, void, and unenforceable contracts, especially in regard to minors and individuals lacking capacity.

Understand the legal distinctions and implications of contracts with incompetent persons.

Distinguish between necessary and non-necessary goods and services in contracts with minors.

Comprehend the legal outcomes of misrepresentation of age in contract formation and disaffirmance.

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Definitions:

Close Substitutes

Goods or services that can serve as replacements for each other with minimal difference in utility for the consumer.

Oligopolistic

Describing a market structure dominated by a few large producers or sellers who have significant control over prices and market share, often resulting in limited competition.

Monopolistic

Relates to a market structure where a single firm dominates the market, often leading to limited competition.

Differentiate Products

The strategy of distinguishing a product from its competitors through design, features, branding, or quality.