ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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(a) A firm increases by 7.2% in the first 6 months and decreases by 9.6% in the second half of year 2. Determine the percentage during the year.
(b) The number of trees in the forest at the beginning of this year was 20,000,000 trees, every year 10% of these trees are cut down and 1,750,000 new trees are planted. Calculate how many trees there are in debt at the end of year 2 and explain what will happen to the tree in the long run.
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