Multiple Choice
(See Problem 7.) If the number of persons who attend the club meeting this week is X, then the number of people who will attend next week is 48 + 0.40X. What is a long-run equilibrium attendance for this club?
A) 96
B) 80
C) 120
D) 48
E) 32
Correct Answer:
Verified
Correct Answer:
Verified
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