Suppose revenue from the sale of new homes in a certain country decreased dramatically from 2005 to 2010 as shown in the model r(t) = 413e-0.326t billion dollars per year (0 sts 5), where t is the year since 2005. If this trend were to have continued into the indefinite future, estimate the total revenue from the sale of new homes in the country from 2005 on. HINT [See Example 1.] (Round your answer to the nearest billion dollars.)

Suppose revenue from the sale of new homes in a certain country decreased dramatically from 2005 to 2010 as shown in the model r(t) = 413e-0.326t billion dollars per year (0 sts 5), where t is the year since 2005. If this trend were to have continued into the indefinite future, estimate the total revenue from the sale of new homes in the country from 2005 on. HINT [See Example 1.] (Round your answer to the nearest billion dollars.)

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 1.4CE

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