What is the average value of the function f in Figure 6.4 over the interval 1≤ x≤ 6 ? 3. Find the


  1. What is the average value of the function f in Figure 6.4 over the interval \[1\le x\le 6\] ?

3. Find the average value of \[g(t)=t+1\] over the interval [0, 2].

  1. Supply and demand curves for a product are in Figure 6.23.

  1. Estimate the equilibrium price and quantity.
  2. Estimate the consumer and producer surplus. Shade them.
  3. What are the total gains from trade for this product?

4. A small business expects an income stream of $5000 per year for a four-year period.

S(t) = $5000/yr.

  1. Find the present value of the business if the annual interest rate, compounded continuously, is
  1. 3%
  2. 10%

(b) In each case, find the value of the business at the end of the four-year period.

  1. 3%
  2. 10%
  1. Table 6.3 shows the cumulative number of AIDS deaths worldwide.
    Year 1995 1996 1997 1998 1999 2000
    Cases 8.2 10.6 13.2 15.9 18.8 21.8

    Find the absolute increase in AIDS deaths between 1995 and 1996 and between 1999 and 2000.
    Find the relative increase between 1995 and 1996 a nd between 1999 and 2000.
    3. A town has a population of 1000. Fill in the table assuming that the town’s population grows by
    1. 50 people per year Formula:
Year 0 1 2 3 4 10
Population 1000

(b) 5% per year Formula:

Year 0 1 2 3 4 10
Population 1000
Price: $8.01
Solution: The downloadable solution consists of 5 pages, 301 words and 4 charts.
Deliverable: Word Document


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