Solve the Problem $4.7 \%$ Per Year If the Size of the Current Population Is 131

question 35

Multiple Choice

Solve the problem.
-The size of the beaver population at a national park increases at the rate of $4.7 \%$ per year. If the size of the current population is 131 , find how many beavers there should be in 3 years. Use $\mathrm { y } = \mathrm { y } _ { \mathrm { o } } \mathrm { e } ^ { 0.047 \mathrm { t } }$ and round to the nearest whole number.

• A) 151
• B) 153
• C) 149
• D) 155

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Definitions:

Unit Variable Cost

The cost attributed to each unit produced, varying with the level of output.

Selling Price

The amount of money for which a product or service is sold to the customer.

Contribution Margin

The selling price per unit, minus the variable cost per unit, which helps in determining the profitability of products.

Break-even Chart

A graphical representation that shows the point at which total costs and total revenue are equal, indicating no net loss or gain.