The exponential growth rate and the exponential growth function for the value V ( t ) of the sculpture t years after 1990 when in 1990, Alberto Giacometti’s bronze piece was sold for about $ 9 million . As of May 2013, the highest auction price for a sculpture was $ 104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V ( t ) expressed in millions of dollars, t years after 1990.

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Answer 1

Question

Chapter 8.7, Problem 34ES

(a)

To determine

To calculate: The exponential growth rate and the exponential growth function for the value V(t) of the sculpture t years after 1990 when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

(b)

To determine

To calculate: The estimated sculpture’s value in 2020 in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

(c)

To determine

To calculate: The doubling time for the value of the sculpture when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

(d)

To determine

To calculate: The year in which the value of the sculpture would be $1 billion when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

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Answer 2

Question

Chapter 8.7, Problem 34ES

(a)

To determine

To calculate: The exponential growth rate and the exponential growth function for the value V(t) of the sculpture t years after 1990 when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

(b)

To determine

To calculate: The estimated sculpture’s value in 2020 in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

(c)

To determine

To calculate: The doubling time for the value of the sculpture when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

(d)

To determine

To calculate: The year in which the value of the sculpture would be $1 billion when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

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Answer 3

Question

Chapter 8.7, Problem 34ES

(a)

To determine

To calculate: The exponential growth rate and the exponential growth function for the value V(t) of the sculpture t years after 1990 when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

(b)

To determine

To calculate: The estimated sculpture’s value in 2020 in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

(c)

To determine

To calculate: The doubling time for the value of the sculpture when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

(d)

To determine

To calculate: The year in which the value of the sculpture would be $1 billion when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

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Answer 4

Question

Chapter 8.7, Problem 34ES

(a)

To determine

To calculate: The exponential growth rate and the exponential growth function for the value V(t) of the sculpture t years after 1990 when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

(b)

To determine

To calculate: The estimated sculpture’s value in 2020 in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

(c)

To determine

To calculate: The doubling time for the value of the sculpture when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

(d)

To determine

To calculate: The year in which the value of the sculpture would be $1 billion when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

Expert Solution & Answer

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Answer 5

Chapter 8.7, Problem 34ES

(a)

To determine

To calculate: The exponential growth rate and the exponential growth function for the value V(t) of the sculpture t years after 1990 when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

(b)

To determine

To calculate: The estimated sculpture’s value in 2020 in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

(c)

To determine

To calculate: The doubling time for the value of the sculpture when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

(d)

To determine

To calculate: The year in which the value of the sculpture would be $1 billion when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

Answer 6

Chapter 8.7, Problem 34ES

(a)

To determine

To calculate: The exponential growth rate and the exponential growth function for the value V(t) of the sculpture t years after 1990 when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

Answer 7

Chapter 8.7, Problem 34ES

(a)

To determine

To calculate: The exponential growth rate and the exponential growth function for the value V(t) of the sculpture t years after 1990 when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

Answer 8

(b)

To determine

To calculate: The estimated sculpture’s value in 2020 in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

Answer 9

(b)

To determine

To calculate: The estimated sculpture’s value in 2020 in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

Answer 10

(c)

To determine

To calculate: The doubling time for the value of the sculpture when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

Answer 11

(c)

To determine

To calculate: The doubling time for the value of the sculpture when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

Answer 12

(d)

To determine

To calculate: The year in which the value of the sculpture would be $1 billion when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

Answer 13

(d)

To determine

To calculate: The year in which the value of the sculpture would be $1 billion when in 1990, Alberto Giacometti’s bronze piece was sold for about $9 million. As of May 2013, the highest auction price for a sculpture was $104.3 million paid in 2010. The value of the sculpture increases exponentially. The sculpture’s value is V(t) expressed in millions of dollars, t years after 1990.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 8.1 - Graph. Ch. 8.1 - Prob. 2SR Ch. 8.1 - Prob. 1DE Ch. 8.1 - Prob. 2DE Ch. 8.1 - Prob. 3DE Ch. 8.1 - Prob. 4DE Ch. 8.1 - Prob. 5DE Ch. 8.1 - Prob. 6DE Ch. 8.1 - Prob. 1CCE Ch. 8.1 - Prob. 7DE

Solution Summary: The author calculates the exponential growth rate for Alberto Giacometti's bronze piece, which was sold for 9million in 1990.

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