A Store Finds That Its Sales Decline After the End

question 28

Multiple Choice

A store finds that its sales decline after the end of an advertising campaign, with its daily sales for the period declining at the rate , where t is the number of days since the end of the campaign. Suppose that units when . About how many sales should the store expect 50 days after the end of the advertising campaign? Round your answer to the nearest whole number. ​

• A) 6,641 sales
• B) 6,646 sales
• C) 6,651 sales
• D) 6,644 sales
• E) 6,653 sales

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Definitions:

Velocity of Money

The speed at which currency is transferred from one deal to another and the frequency of usage of a currency unit within a specific timeframe.

Unemployment

The state of being without a job despite actively looking for work, usually measured as a percentage of the labor force.

PQ Remains Same

A situation in economic terms where the price level (P) and quantity (Q) of goods and services in the market stay unchanged over a period.

Velocity V

Velocity V typically refers to the velocity of money, a measurement of the rate at which money is exchanged in an economy.