Suppose That a Colony of Fruit Flies Is Growing Exponentially $e ^ { 0.02 }$

question 46

Multiple Choice

Suppose that a colony of fruit flies is growing exponentially with growth constant 0.04 . If there are currently 30,000 flies present, what will be the average population over the next 6 months?

• A) 1,500,000( \(e ^ { 0.02 }\) - 1)
• B) 30,000( \(e ^ { 0.02 }\) - 1)
• C) 75,000( \(e ^ { 0.24 }\) - 1)
• D) 60,000( \(e ^ { 0.24 }\) - 1)
• E) none of these

---

Definitions:

Constant-Cost Industry

An industry in which the cost per unit does not change as the industry's overall output changes.

Diseconomies of Scale

The condition in which a company or production process becomes less efficient as it grows larger, leading to increased costs per unit.

Long-Run Equilibrium

A state in which all factors of production and costs are variable, and firms make no economic profit or loss.

Long-Run Average Cost Curve

A graphical representation showing the minimum average cost of producing any given level of output when all inputs, including capital, are variable.