The fox population in a certain region has a continuous growth rate of 9 percent per year. It estimated that the population in the year 2000 was 29100. (a) Find a function that models the population t years after 2000 (t = 0 for 2000). Hint: Use an exponential function with base e. Your answer is P(t) = Preview (b) Use the function from part (a) to estimate the fox population in the year 2008. Your answer is (the answer must be an integer) Preview Get help: Video

The fox population in a certain region has a continuous growth rate of 9 percent per year. It estimated that the population in the year 2000 was 29100. (a) Find a function that models the population t years after 2000 (t = 0 for 2000). Hint: Use an exponential function with base e. Your answer is P(t) = Preview (b) Use the function from part (a) to estimate the fox population in the year 2008. Your answer is (the answer must be an integer) Preview Get help: Video

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

A population grows according to an exponential growth model. The initial population is P₀=15, and the growth rate is r=0.35. Then: P₁= P₂= Find an explicit formula for Pₙ. Your formula should involve n. Pₙ= Use your formula to find P₁₂ P₁₂= Give all answers accurate to at least one decimal place
a and b please
1) Production function for agricultural sector of a country is specified as the following, log Y=B1 + B2 log K+ ß3 log L+u. where Y represents wheat output, K capital stock and L employment (labor). The model is estimated using annual data over 1980-2020 (n=41) periods. The results are reported below. p-values are given in squared parentheses. loĝ Y = 4.17 +0.67 log K+ 0.35 log L p-value [0.015] [0.18] R² = 0.81 1.a) Test if each slope coefficient is significant individually (one by one) using the p-values in parentheses and interpret the results. (
Country X has Per Capita GDP of $5,500 in 2021. Suppose this country grew at a constant 3% per year indefinitely into the future. In 2,069 (i.e., 48 years in the future) the value of Per Capita GDP in Country X would be approximately. a) $20,000 b) $22,000 c) $50,000 d) $5,500
Suppose that the average yearly cost per item for producing x items of a business product is 81 If the current production is x - 9 and production is increasing at a rate of 4 items per year, find the rate of change of the average cost. The average cost is decreasing at the rate of S per year.
Consider the following Cobb-Douglas production function for the bus transportation system in a city: Q = Lβ1Fβ2Bβ3 Where L = labour input in worker hours F = fuel input in gallons B = capital input in number of buses Q = output measured in millions of bus miles Suppose that the parameters (α, β1, β2 and β3) of this model were estimated using annual data for the past 25 years. The following results were obtained: β1 = 0.45, β2 = 0.20 and β3 = 0.30 a. Determine the (i) labour, (ii) fuel, and (iii) capital-input production elasticities
What conditions must non-linear time series models, such as vector autoregressive models, satisfy in order to use impulse response functions
In a Malthusian model the production function is described in the following form: Y-6LN00 where Lis the quantity of land and N is the quantity it labour employed. Population growth depends on per capita consumption as N/N-04(C/Nya.1, Calculate the steady state value of consumption.
Suppose the parameters of the Romer model take the following values: A = 100 = 0.05, Z = 1/100, and I = 1,000. What is the growth rate of this country's economy? 10 percent O 40 percent O 0.02 percent O 50 percent O 0.10 percent
In 2017, the population in the US was estimated at 325.1 million. The population in 2018 was estimated to be 326.8 million. Assuming that the population growth is compounding annually at a constant growth rate, calculate the growth rate from year 1 to year 2. Source: United States Census Bureau 0.45 % 5.2 % 4.5 % 0.52%
Help with number 4
Reference equation: Real GDP per capita growth rate = Nominal GDP per capita growth rate rate. - Inflation rate – Population growth This equation is an approximation of the exact rate of growth of GDP per capita, and so it results in some errors when calculating this rate. However, the simplified equation is both easy to use and results in small error terms when inflation, nominal GDP growth, and population growth are low, and so it is a useful approximation. The table below lists a fictional country's nominal GDP, real GDP, GDP deflator, and population over two years. Year 2019 2020 Nominal GDP $1,100,000 $1,200,000 GDP deflator 100 102 Real GDP (2019 dollars) $1,100,000 $1,176,471 Population 1,000 1,005 a. Verify that the real GDP values in the above table are accurate. Instructions: Round your answers to one decimal place. b. This country's real GDP per capita for 2019 is $ This country's real GDP per capita for 2020 is $ c. The growth rate in this country's real GDP per capita…