Suppose the Following Table Gives the U

question 77

Multiple Choice

Suppose the following table gives the U.S. population, in millions, for selected years, with projections to 2050. Find a linear model that approximately fits the data, with x equal to the number of years past 1960. Round numerical values in your answer to three decimal places. Depending on the technology you use, your answer may be slightly different than the correct answer shown.​ ​

​

---

Definitions:

Marginal Product

The extra output generated by adding a single unit of a specific input while keeping all other inputs unchanged.

Price of Capital

the cost of using capital assets for production, often reflected in interest rates or rental charges of capital equipment.

Price of Labor

The wages or compensation earned by workers for their labor, often determined by supply and demand in the labor market.

Employ More Labor

The process of hiring additional personnel to increase the output or productivity of a business.