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Author Question: A consumer group in one city compares the costs of goods and services in that city over various ... (Read 126 times)

Cooldude101

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A consumer group in one city compares the costs of goods and services in that city over various years, and uses 1970 as a base.  The same goods and services that cost $100 in 1970 cost $37 in 1941.  Assume the exponential-decay model in which  t is the number of years before 1970.  Estimate what the same goods and services cost in 1900. (You will need to find the value of k)
◦ $8
◦ $11
◦ $1080
◦ $9


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Marked as best answer by Cooldude101 on Jun 16, 2021

Kingjoffery

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Cooldude101

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Reply 2 on: Jun 16, 2021
YES! Correct, THANKS for helping me on my review


scottmt

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Reply 3 on: Yesterday
:D TYSM

 

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