Instructions: Modify values in the SETTINGS window of the interactive tool to answer the questions below. Ater each question, click the "Reser button in the upper-right corner a) Increase the "initial Value" setting for Country X Which of the following describes the changes in the graph? O The purple line starts at the same height but rises faster The vertical intercept of the green line rises O The vertical intercept of the purple line rises O The green ine starts at the same height but rises faster b) Using the slider, change the "Growth Rate" setting for Country Y to 3%. Report the "Value in 10 Years" for country Y from the CALCULATIONS window C) Experiment with the "Initial Value" for Country Y. What must that value be so that the two curves shown in the graph intersect at 200 years?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Instructions: Modify values in the SETTINGS window of the interactive tool to answer the questions below. After each question, click
the "Reset button in the upper-right corner
a) Increase the "Initial Value" setting for Country X. Which of the following describes the changes in the graph?
O The purple line starts at the same height but rises faster
The vertical intercept of the green line rises
O The vertical intercept of the purple line rises.
O The green line starts at the same height but rises faster
nces
b) Using the slider, change the "Growth Rate" setting for Country Y to 3%. Report the "Value in 10 Years" for country Y from the
CALCULATIONS window.
c) Experiment with the "Initial Value" for Country Y. What must that value be so that the two curves shown in the graph intersect at
200 years?
Transcribed Image Text:Instructions: Modify values in the SETTINGS window of the interactive tool to answer the questions below. After each question, click the "Reset button in the upper-right corner a) Increase the "Initial Value" setting for Country X. Which of the following describes the changes in the graph? O The purple line starts at the same height but rises faster The vertical intercept of the green line rises O The vertical intercept of the purple line rises. O The green line starts at the same height but rises faster nces b) Using the slider, change the "Growth Rate" setting for Country Y to 3%. Report the "Value in 10 Years" for country Y from the CALCULATIONS window. c) Experiment with the "Initial Value" for Country Y. What must that value be so that the two curves shown in the graph intersect at 200 years?
Country X
Initial Value
Value (thousands of dollars)
($50 - S10,000)
1,000.00
[Country-X Country-
10
Growth Rate: 3%
0.1%
8.
10.0%
Country- Y
Initial Value
($50 - $10,000)
2,000.00
Growth Rate: 1%
3.
0.1%
10.0%
35.4 ys
CALCULATIONS
10
15
20
25 30
35
40
0.1%
10.0%
CALCULATIONS
35.4 yrs
10
15
20
25 30
35
40
Years
Value in
Country-X
Country-Y
10 years
$1,343.92
$2,209.24
20 years
$1,806.11
$2,440.38
Country-X
Country-Y
30 years
$2,427.26
$2,695.70
hstructions: Modify values in the SETTINGS window of the interactive tool to answer the questions below. After each question, click
he "Reset" button in the upper-right corner.
increase the "initial Value" setting for Country X. Which of the following describes the changes in the graph?
O The purple line starts at the same height but rises faster.
The vertical intercept of the green line rises.
Transcribed Image Text:Country X Initial Value Value (thousands of dollars) ($50 - S10,000) 1,000.00 [Country-X Country- 10 Growth Rate: 3% 0.1% 8. 10.0% Country- Y Initial Value ($50 - $10,000) 2,000.00 Growth Rate: 1% 3. 0.1% 10.0% 35.4 ys CALCULATIONS 10 15 20 25 30 35 40 0.1% 10.0% CALCULATIONS 35.4 yrs 10 15 20 25 30 35 40 Years Value in Country-X Country-Y 10 years $1,343.92 $2,209.24 20 years $1,806.11 $2,440.38 Country-X Country-Y 30 years $2,427.26 $2,695.70 hstructions: Modify values in the SETTINGS window of the interactive tool to answer the questions below. After each question, click he "Reset" button in the upper-right corner. increase the "initial Value" setting for Country X. Which of the following describes the changes in the graph? O The purple line starts at the same height but rises faster. The vertical intercept of the green line rises.
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