For each of these values of x, find the percentage change in y when x increases by
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For each of these values of x, find the percentage change in y when x increases by 1%. That is, find the percentage change in y when x increases from 5 to 5.05; when it increases from 10 to 10.1; and when it increases from 20 to 20.2. Is this percentage change constant? What number is it very close to? Write a brief memo on what you have learned about power curves from these calculations.
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Related Book For
Practical Management Science, Revised
ISBN: 9781118373439
3rd Edition
Authors: Wayne L Winston, S. Christian Albright
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