The Price of Computer Technology Has Been Dropping Steadily for the Past

question 103

Essay

The price of computer technology has been dropping steadily for the past ten years.The price of a certain desktop PC has decreased by $650 per year during this time period.If this PC sold for $6770 ten years ago,what equation describes the cost C of the PC over the last ten years? Graph your equation on a graphing calculator.Can you predict the price of a desktop PC a few years into the future
with this model?

---

Definitions:

Marginal Product

The additional output resulting from the use of one more unit of a variable input, holding other inputs constant.

Cookie Production

The process of baking cookies, which involves mixing ingredients according to a recipe, shaping, and then heating them in an oven until done.

Marginal Productivity

The additional output produced by employing one more unit of a specific factor of production, holding other factors constant.

Doll Houses

Miniature houses designed for children to play with, often replicating the structure and furnishings of a full-size house.