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Question: Assume that a number of new homes built, H, in a city over a period of time, t, is graphed on a rectangular coordinate system where time is on the horizontal axis. Assume that the number of homes built can be modeled by an exponential function, H= p * at, where p is the number of new homes built in the first year recorded. If you were a home builder looking for work, would you prefer that the value of a to be between 0 & 1 or larger than 1? Describe your reason.
Algebra equation
Define variables and profit function
Assume you have a lemonade stand, & when you charge $1 per cup of lemonade you sell 50 cups. But when you raise your price to $2 you only sell 25 cups. Make an equation for the number of cups you sell as a function of the price you charge. Denote "C"..
Graphical method for finding the solution.
Finding and making the truth value.
Logarithmic and exponential functions.
Elimination method for solving the system of equations.
The joint probability density function.
Checking the equivalence
Set up the objective function & constraints & then solve.
Using truth table for checking the equivalence.
Solving maximization proplem with graphical method.
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