Consumer Trends The rates of change of beef prices (in dollars per pound) in the United
Chapter 5, Problem 61(choose chapter or problem)
Consumer Trends The rates of change of beef prices (in dollars per pound) in the United States from 1998 through 2002 can be modeled by where t is the year, with corresponding to 1998. The price of 1 pound of beef in 2000 was $1.63. (Source: U.S. Bureau of Labor Statistics) (a) Find the price function in terms of the year. (b) If the price of beef per pound continues to change at this rate, in what year will the price of beef per pound surpass $2.00? Explain your reasoning.
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