Which investment will earn more money, a $3000 investment for 8 years at 5% compounded annually or a $3000 investment for 8 years compounded continuously at 4%? ○ 5% compounded annually 4% compounded continuously How long (in years) would $200 have to be invested at 9%, compounded continuously, to amount to $960? (Round your answer to the nearest whole number.) yr The demand function for a certain commodity is given by p = 100e9/2. (p is the price per unit and q is the number of units.) (a) At what price per unit will the quantity demanded equal 6 units? (Round your answer to the nearest cent.) $ (b) If the price is $1.77 per unit, how many units will be demanded, to the nearest unit? units For her 1st birthday, Ruth's grandparents invested $900 in an 18-year certificate for her that pays 6% compounded annually. How much will the certificate be worth on Ruth's 19th birthday? (Round your answer to the nearest cent.) $ The total cost function for a product is C(x) = 825 In(x+10) + 1700 where x is the number of units produced. To help their son buy a car on his 16th birthday, a boy's parents invest $7900 on his 10th birthday. If the investment pays 7% compounded continuously, how much is available on his 16th birthday? (Round your answer to the nearest cent.) $ (a) Find the total cost of producing 300 units. (Round your answer to the nearest cent.) $ (b) Producing how many units will give total costs of $7500? (Round your answer to the nearest whole number.) units A couple needs $50,000 as a down payment for a home. If they invest the $35,000 they have at 12% compounded quarterly, how long will it take for the money to grow to $50,000? (Round your answer to the nearest whole number.) yr Suppose the supply of x units of a certain product at price p dollars per unit is given by p = 17+ 5 In(2x + 1). How many units of this product would be supplied when the price is $47 each? (Round your answer to the nearest whole number.) units
Which investment will earn more money, a $3000 investment for 8 years at 5% compounded annually or a $3000 investment for 8 years compounded continuously at 4%? ○ 5% compounded annually 4% compounded continuously How long (in years) would $200 have to be invested at 9%, compounded continuously, to amount to $960? (Round your answer to the nearest whole number.) yr The demand function for a certain commodity is given by p = 100e9/2. (p is the price per unit and q is the number of units.) (a) At what price per unit will the quantity demanded equal 6 units? (Round your answer to the nearest cent.) $ (b) If the price is $1.77 per unit, how many units will be demanded, to the nearest unit? units For her 1st birthday, Ruth's grandparents invested $900 in an 18-year certificate for her that pays 6% compounded annually. How much will the certificate be worth on Ruth's 19th birthday? (Round your answer to the nearest cent.) $ The total cost function for a product is C(x) = 825 In(x+10) + 1700 where x is the number of units produced. To help their son buy a car on his 16th birthday, a boy's parents invest $7900 on his 10th birthday. If the investment pays 7% compounded continuously, how much is available on his 16th birthday? (Round your answer to the nearest cent.) $ (a) Find the total cost of producing 300 units. (Round your answer to the nearest cent.) $ (b) Producing how many units will give total costs of $7500? (Round your answer to the nearest whole number.) units A couple needs $50,000 as a down payment for a home. If they invest the $35,000 they have at 12% compounded quarterly, how long will it take for the money to grow to $50,000? (Round your answer to the nearest whole number.) yr Suppose the supply of x units of a certain product at price p dollars per unit is given by p = 17+ 5 In(2x + 1). How many units of this product would be supplied when the price is $47 each? (Round your answer to the nearest whole number.) units
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Transcribed Image Text:Which investment will earn more money, a $3000 investment for 8 years at 5% compounded annually or a $3000
investment for 8 years compounded continuously at 4%?
○ 5% compounded annually
4% compounded continuously
How long (in years) would $200 have to be invested at 9%, compounded continuously, to amount to $960? (Round your
answer to the nearest whole number.)
yr
The demand function for a certain commodity is given by p = 100e9/2. (p is the price per unit and q is the
number of units.)
(a) At what price per unit will the quantity demanded equal 6 units? (Round your answer to the
nearest cent.)
$
(b) If the price is $1.77 per unit, how many units will be demanded, to the nearest unit?
units
For her 1st birthday, Ruth's grandparents invested $900 in an 18-year certificate for her that pays 6% compounded
annually. How much will the certificate be worth on Ruth's 19th birthday? (Round your answer to the nearest cent.)
$
The total cost function for a product is
C(x) = 825 In(x+10) + 1700
where x is the number of units produced.
To help their son buy a car on his 16th birthday, a boy's parents invest $7900 on his 10th birthday. If the investment pays
7% compounded continuously, how much is available on his 16th birthday? (Round your answer to the nearest cent.)
$
(a) Find the total cost of producing 300 units. (Round your answer to the nearest cent.)
$
(b) Producing how many units will give total costs of $7500? (Round your answer to the nearest
whole number.)
units
A couple needs $50,000 as a down payment for a home. If they invest the $35,000 they have at 12% compounded
quarterly, how long will it take for the money to grow to $50,000? (Round your answer to the nearest whole number.)
yr
Suppose the supply of x units of a certain product at price p dollars per unit is given by
p = 17+ 5 In(2x + 1).
How many units of this product would be supplied when the price is $47 each? (Round your answer to the
nearest whole number.)
units
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