Problem

Purchasing Power The purchasing power of a 1983 dollar is given by the function y = 34.394...

Purchasing Power The purchasing power of a 1983 dollar is given by the function y = 34.394x−1.1088, where x is the number of years after 1960.

a. Graph the function for 10 ≤ x ≤ 60.


b. What is the projected purchasing power of a 1983 dollar in 2020?

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