Question
The average annual (per capita) consumption of turkey in the U.S. between 1980 and 2002 can be modeled by: pounds/capita, t years after 1980. a)
The average annual (per capita) consumption of turkey in the U.S. between 1980 and 2002 can be modeled by:
pounds/capita, t years after 1980.
a) According to this model, what is the projected maximum amount of turkey consumed per capita at any given time? Explain thoroughly why. (Hint: look back at properties of the logistic model)
b) Compute the exact location of the inflection point (x,y), to the second decimal place. Can this inflection point be interpreted as a point of diminishing returns? Why/why not?
c) Interpret the inflection point above in the context of this problem.
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