How does time-period or length of run affects the behavior of the supply function?
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How does time-period or length of run affects the behavior of the supply
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- Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25 interest,compounded continuously. How much will theaccount be warm after 25 years?Recent data suggests that, as of 2013, the rate of growth predicted by Moore’s Law no longer holds. Growth has slowed to a doubling time of approximately three years. Find the new function that takes that longer doubling time into account.
