Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The percentage y (of total personal consumption) an individual spends on food is approximately 0.25 y = 35X percentage points (6.5 S X s 17.5)

image text in transcribed
image text in transcribed
The percentage y (of total personal consumption) an individual spends on food is approximately 0.25 y = 35X percentage points (6.5 S X s 17.5) where X is the percentage she spends on education.+ An individual finds that she is spending X = 7 + 0.21\" percent of her personal consumption on education, where t is time in months since January 1. At what rate is the percentage she spends on food is changing as a function of time on February 1. (Round your answer to two decimal places.) Answer: X percentage points per month v y Interpretation: On February 1, the percentage she spends on food is decreasing v y at a rate of -0.12 x percentage points per month. v

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Variational Problems In Topology The Geometry Of Length, Area And Volume

Authors: A T Fomenko

1st Edition

1351405675, 9781351405676

More Books

Students also viewed these Mathematics questions