## The number of new domestic wind turbine generators installed each year in a particular country has been forecast to increase at a constant multiplicative rate of 15% per annum for the foreseeable future.

6. Question 6 The number of new domestic wind turbine generators installed each year in a particular country has been forecast to increase at a constant multiplicative rate of 15%…

## A website is increasing its user base by 10% each month. If it has 10,000 users now (t = 0), then how many users does it expect six months from now (t = 6)? Use a discrete model for the growth process.

5. Question 5 A website is increasing its user base by 10% each month. If it has 10,000 users now (t = 0), then how many users does it expect…

## Which of the following modeling functions describes the graph below?

4. Question 4 Which of the following modeling functions describes the graph below?   1 point   Cost = 25 + 25q Cost = 25 + 2.5 log(q) Cost =…

## Which of the following features is a defining aspect of a deterministic model?

1. Question 1 Which of the following features is a defining aspect of a deterministic model? 1 point   It only uses linear functions There is no randomness in the…

## The number of users of a cloud based storage service is projected to grow according to the growth model: U_t=1,000,000 e^(0.05 t). What is the best interpretation of the value 1,000,000 in this equation?

9. Question 9 The number of users of a cloud based storage service is projected to grow according to the growth model: U_t=1,000,000 e^(0.05 t). What is the best interpretation…

## What is the difference between compound interest and simple interest?

7. Question 7 What is the difference between compound interest and simple interest? 1 point   Compound interest is applied more often than simple interest Compound interest means that any…

## The number of new domestic wind turbine generators installed each year in a particular country has been forecast to increase at a constant multiplicative rate of 15% per annum for the foreseeable future.

6. Question 6 The number of new domestic wind turbine generators installed each year in a particular country has been forecast to increase at a constant multiplicative rate of 15%…

## Total costs at a company have been modeled as TC = 100 + 12 q, where TC stands for total cost in thousands of USD and q stands for quantity produced, again measured in thousands. What type of function is this?

2. Question 2 Total costs at a company have been modeled as TC = 100 + 12 q, where TC stands for total cost in thousands of USD and q…

## Consider the demand equation q=20,000 p^(-1.4). If the cost of production is constant at \$0.50 per unit then what is the optimal price to maximize profit?

10. Question 10 Consider the demand equation q=20,000 p^(-1.4). If the cost of production is constant at \$0.50 per unit then what is the optimal price to maximize profit? 1…

## Using a discount rate of 5%, what is the present value of an investment that provides a lump sum payment of \$10,000 in 4 years?

8. Question 8 Using a discount rate of 5%, what is the present value of an investment that provides a lump sum payment of \$10,000 in 4 years? 1 point…