A county realty group estimates that the number of housing starts per year over the next three
Question:
A county realty group estimates that the number of housing starts per year over the next three years will be
where r is the mortgage rate (in percent).
(a) Where is H(r) increasing? Interpret your results.
(b) Where is H(r) decreasing? Interpret your results.
Transcribed Image Text:
H(r) 300 1 + 0.03r²⁹
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