The price of products may increase due to inflation and decrease due to depreciation. Marco is studying the change in the price of two products, A and B, over time. The price f(x), in dollars, of product A after x years is represented by the function below: f(x) = 12500(0.82)x Part A: Is the price of product A increasing or decreasing and by what percentage per year? Justify your answer. (5 points) Part B: The table below shows the price f(t), in dollars, of product B after t years: t (number of years) 1 2 3 4 f(t) (price in dollars) 5600 3136 1756.16 983.45 Which product recorded a greater percentage change in price over the previous year? Justify your answer. (5 points)
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Answer:
The price of products may increase due to inflation and decrease due to depreciation. Derek is studying the change in the price of two products, A and B, over time.
The price f(x), in dollars, of product A after x years is represented by the function below.
f(x) = 12500(0.82)x
Part A: Is the price of product A increasing or decreasing and by what percentage per year? Justify your answer. (5 points)
Part B: The table below shows the price f(t), in dollars, of product B after t years:
(Image attached)
Which product recorded a greater percentage change in price over the previous
Answer:
Products' costs may go up owing to inflation or down due to depreciation. Marco is researching how the costs of two goods, A and B, have changed over time. The function below represents the price f(x), in dollars, of product A after x years: f(x) = 12500(0.82)x Part A: What percentage does the price of Product A change annually, if at all? Explain your response. Five points Part B: The price f(t), in dollars, of product B after t years is displayed in the table below: t (number of years) (number of years) 1 2 3 4 f(t) (price in dollars) (price in dollars) 5600 3136 1756.16 983.45
Which product experienced a bigger percentage change in price during the prior period
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