To graph: The sketch of p n when it satisfies the difference equation, p n = − .6 p n − 1 + 1.6 , where p n is supposed to be the price n years from now and the current price is, $ 1.72 per bushel in the situation where laws of supply and demand cause the price of oats to fluctuate from year to year.

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Answer 1

Question

Chapter 12.3, Problem 23E

To determine

To graph: The sketch of pn when it satisfies the difference equation, pn=−.6pn−1+1.6, where pn is supposed to be the price n years from now and the current price is, $1.72 per bushel in the situation where laws of supply and demand cause the price of oats to fluctuate from year to year.

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Answer 2

Question

Chapter 12.3, Problem 23E

To determine

To graph: The sketch of pn when it satisfies the difference equation, pn=−.6pn−1+1.6, where pn is supposed to be the price n years from now and the current price is, $1.72 per bushel in the situation where laws of supply and demand cause the price of oats to fluctuate from year to year.

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Answer 3

Question

Chapter 12.3, Problem 23E

To determine

To graph: The sketch of pn when it satisfies the difference equation, pn=−.6pn−1+1.6, where pn is supposed to be the price n years from now and the current price is, $1.72 per bushel in the situation where laws of supply and demand cause the price of oats to fluctuate from year to year.

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Answer 4

Question

Chapter 12.3, Problem 23E

To determine

To graph: The sketch of pn when it satisfies the difference equation, pn=−.6pn−1+1.6, where pn is supposed to be the price n years from now and the current price is, $1.72 per bushel in the situation where laws of supply and demand cause the price of oats to fluctuate from year to year.

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Answer 5

Chapter 12.3, Problem 23E

To determine

To graph: The sketch of pn when it satisfies the difference equation, pn=−.6pn−1+1.6, where pn is supposed to be the price n years from now and the current price is, $1.72 per bushel in the situation where laws of supply and demand cause the price of oats to fluctuate from year to year.

Answer 6

Chapter 12.3, Problem 23E

To determine

To graph: The sketch of pn when it satisfies the difference equation, pn=−.6pn−1+1.6, where pn is supposed to be the price n years from now and the current price is, $1.72 per bushel in the situation where laws of supply and demand cause the price of oats to fluctuate from year to year.

Answer 7

Chapter 12.3, Problem 23E

To determine

To graph: The sketch of pn when it satisfies the difference equation, pn=−.6pn−1+1.6, where pn is supposed to be the price n years from now and the current price is, $1.72 per bushel in the situation where laws of supply and demand cause the price of oats to fluctuate from year to year.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 12.1 - Consider the difference equation...Ch. 12.1 - Prob. 2CYU Ch. 12.1 - Prob. 1E Ch. 12.1 - Prob. 2E Ch. 12.1 - Prob. 3E Ch. 12.1 - Prob. 4E Ch. 12.1 - Prob. 5E Ch. 12.1 - For each of the difference equations in Exercises...Ch. 12.1 - Prob. 7E Ch. 12.1 - Prob. 8E

Solution Summary: The author illustrates how the graph is attracted to the line y=b(1-a).

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To graph: The sketch of pn when it satisfies the difference equation, pn=−.6pn−1+1.6, where pn is supposed to be the price n years from now and the current price is, $1.72 per bushel in the situation where laws of supply and demand cause the price of oats to fluctuate from year to year.

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Chapter 12 Solutions