Suppose the Population of a Country Between 1921 and 2000

question 18

Multiple Choice

Suppose the population of a country between 1921 and 2000 is given by the model Population million people
Where t is the number of years since the end of 1900. What was the average population of the country from the beginning of 1990 through the end of 1999? Round your answer to the nearest tenth.

• A) 90.5 million people
• B) 89.8 million people
• C) 39.3 million people
• D) 90.0 million people
• E) 88.8 million people

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Definitions:

Marginal Cost

The cost of producing one additional unit of a good, important for decision-making in production processes.

Marginal Revenue

Marginal revenue is the additional income generated from selling one more unit of a good or service.

Profit-Maximizing

A method or plan designed to maximize profits from business activities.

Fixed Costs

Expenses that remain constant regardless of the amount of goods produced or sold, including lease payments, wage bills, and insurance fees.