Mathematics, 23.04.2021 06:10 chrisraptorofficial
15. In 1968, the U. S. minimum wage was $1.60 per hour. In 1976, the minimum wage
was $2.30 per hour. Assume the minimum wage grows according to an exponential
model where n represents the time in years after 1960.
a. Find an explicit formula for the minimum wage.
b. What does the model predict for the minimum wage in 1960?
c. If the minimum wage was $5.15 in 1996, is this above, below or equal to what
the model predicts?
Answers: 1
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15. In 1968, the U. S. minimum wage was $1.60 per hour. In 1976, the minimum wage
was $2.30 per ho...
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