economists interested in price stability have established that the function p(t) = (p0 - pe)e^(k(a -A)t )+pe relates the current price of commodity to the time t in months since it was initially priced at p0 dollars, where pe represents the equilibrium price of the commodity, and the numbers a and A are constants that depend on the supply and semsnd of the item. If the commodity was originally priced at $39 and the equilibrium price is $32 and k = 0.11, a = 4, and A = 6, what is the expected price of the item 15 months after its initial pricing? Round to the nearest cent $______
economists interested in price stability have established that the function p(t) = (p0 - pe)e^(k(a -A)t )+pe relates the current price of commodity to the time t in months since it was initially priced at p0 dollars, where pe represents the equilibrium price of the commodity, and the numbers a and A are constants that depend on the supply and semsnd of the item. If the commodity was originally priced at $39 and the equilibrium price is $32 and k = 0.11, a = 4, and A = 6, what is the expected price of the item 15 months after its initial pricing? Round to the nearest cent $______
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 1TI: Table 2 shows a recent graduate’s credit card balance each month after graduation. a. Use...
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economists interested in price stability have established that the function p(t) = (p0 - pe)e^(k(a -A)t )+pe relates the current price of commodity to the time t in months since it was initially priced at p0 dollars, where pe represents the equilibrium price of the commodity, and the numbers a and A are constants that depend on the supply and semsnd of the item. If the commodity was originally priced at $39 and the equilibrium price is $32 and k = 0.11, a = 4, and A = 6, what is the expected price of the item 15 months after its initial pricing? Round to the nearest cent
$______
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