The decrease in the number of colonies of honey bees, essential to pollinate crops providing one quarter of US food consumption, worries policy makers. US beekeep- ers say that over the three winter months a 5.9% decline in the number of colonies per month is economically sustainable, but higher rates are not.23 (a) Assuming a constant percent colony loss, which function I-III could describe a winter monthly colony loss trend that is economically sustainable? Assume y is the number of US bee colonies, 1 is time in months, and a is a positive constant. П. уж а(0.962у I. y = a(1.059)' Ш. у3 а(0.935) (b) What is the annual bee colony trend described by each of the functions in part (a)?
The decrease in the number of colonies of honey bees, essential to pollinate crops providing one quarter of US food consumption, worries policy makers. US beekeep- ers say that over the three winter months a 5.9% decline in the number of colonies per month is economically sustainable, but higher rates are not.23 (a) Assuming a constant percent colony loss, which function I-III could describe a winter monthly colony loss trend that is economically sustainable? Assume y is the number of US bee colonies, 1 is time in months, and a is a positive constant. П. уж а(0.962у I. y = a(1.059)' Ш. у3 а(0.935) (b) What is the annual bee colony trend described by each of the functions in part (a)?
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 3E: Metropolitan Hospital has estimated its average monthly bed needs as N=1,000+9X where...
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