You are a bunny rancher. a. Suppose that you have 100 bunnies, and that because of your
Question:
a. Suppose that you have 100 bunnies, and that because of your successful animal husbandry, your stock of bunnies grows by 20% each year. How many bunnies will you have at the end of this year?
b. Suppose that you have 120 bunnies, and that because of your successful animal husbandry, your stock of bunnies grows by 20% each year. How many bunnies will you have at the end of this year?
c. Suppose that you have 100 bunnies, and that because of your successful animal husbandry, your stock of bunnies grows by 20% over the course of each year. How many bunnies will you have at the end of two years?
d. Suppose that you have 100 bunnies, and that your bunny stock grows by 20% per year. How many bunnies will you have at the end of 10 years?
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a At the end of this year I would have 100 100 02 100 1 02 100 12 120 bunnies ...View the full answer
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Related Book For 
Microeconomics
ISBN: 9781464146978
1st Edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
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