The Initial Size of a Population Is 2700 and It

question 33

Multiple Choice

The initial size of a population is 2700 and it has an instantaneous decay rate of 30% per year. Which one of the following exponential functions model this population where is measured in years?

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Definitions:

Total Profit

The overall financial gain made by a business after subtracting all costs from the total revenue generated from its operations.

AVC

Average Variable Cost; the total variable cost divided by the quantity of output produced.

ATC

Stands for "Average Total Cost," which refers to the total cost divided by the quantity of goods produced, in economics.

ATC Curve

Represents the average total cost of production at different levels of output, illustrating how cost per unit changes with changes in output.