7t+a 1. The value V of a certain good in terms of the time t is described by the function V = 7, where a and b are parameters to be determined and the time t is measured in months. Furthermore, we know that V(0) = 11 and V(8) = 2 303 29 a. Find the value of a and b. b. When will the value of the good be less than 8? c. Find in which periods of time the value of the good is increasing, and in which periods the value of the good is decreasing.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter3: Functions
Section3.4: Composition Of Functions
Problem 90SE: The function D(p) gives the number of items that will be demanded when the price is p. The...
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7t+a
1. The value V of a certain good in terms of the time t is described by the function V = , where a
and b are parameters to be determined and the time t is measured in months. Furthermore, we know
that V(0) = 11 and V(8) =
303
a. Find the value of a and b.
b. When will the value of the good be less than 8?
c. Find in which periods of time the value of the good is increasing, and in which periods the value
of the good is decreasing.
d. What is the evolution of the value of the good in the long run?
Transcribed Image Text:7t+a 1. The value V of a certain good in terms of the time t is described by the function V = , where a and b are parameters to be determined and the time t is measured in months. Furthermore, we know that V(0) = 11 and V(8) = 303 a. Find the value of a and b. b. When will the value of the good be less than 8? c. Find in which periods of time the value of the good is increasing, and in which periods the value of the good is decreasing. d. What is the evolution of the value of the good in the long run?
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could you solve for the part D and i think they made a mistake for value a and b, the corrent value is  a=550 and b=50

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