A firm decides on a new pricing schedule where, in the tth month for t 2 1, it will sell its good at a price p, givenby the recurrence equation 1 Pt = 20 + 7Pt-1 with po = 24. Find p. as a function of t and describe how the priceis changing as t increases. In what month will the price first exceed 39.99?… Show more Math MATH 101 Share QuestionEmailCopy link Comments (0)