As you know, the consumption of opioids in the US has been matter of great medical concern. A study has suggested that the consumption of drugs starting 3 years ago, can be modeled by the equation: 10000t? + 280 t3 + 7 Where C= consumption in thousands of drug pills t = time in years, starting 3 years ago Discuss the proposed mathematical model by addressing the following points shown by the model: a) Determine whether the consumption of drugs is, at present, still increasing or has started to decrease. b) Based on your finding of aspect a), when "did" or "will" the consumption of drugs peak? c) Also, based on your finding of aspect a), what would you report be in reference to the rate of consumption at present? Use a graph utility to plot the function and illustrate the discussion.

As you know, the consumption of opioids in the US has been matter of great medical concern. A study has suggested that the consumption of drugs starting 3 years ago, can be modeled by the equation: 10000t? + 280 t3 + 7 Where C= consumption in thousands of drug pills t = time in years, starting 3 years ago Discuss the proposed mathematical model by addressing the following points shown by the model: a) Determine whether the consumption of drugs is, at present, still increasing or has started to decrease. b) Based on your finding of aspect a), when "did" or "will" the consumption of drugs peak? c) Also, based on your finding of aspect a), what would you report be in reference to the rate of consumption at present? Use a graph utility to plot the function and illustrate the discussion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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