During a recession a firm's revenue declines continuously so that the revenue, R (measured in millions of dollars), in t years' time is given by R = 5e v.15t (a) Calculate the current revenue and the revenue in two years' time. Round your answers to three decimal places. Current revenue: million dollars. Revenue in two years: million dollars. (b) After how many years will the revenue decline to $2.6 million? Round your answer to three decimal places. t = years.

During a recession a firm's revenue declines continuously so that the revenue, R (measured in millions of dollars), in t years' time is given by R = 5e v.15t (a) Calculate the current revenue and the revenue in two years' time. Round your answers to three decimal places. Current revenue: million dollars. Revenue in two years: million dollars. (b) After how many years will the revenue decline to $2.6 million? Round your answer to three decimal places. t = years.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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