Calculus: Early Transcendentals 8th Edition

Published by Cengage Learning
ISBN 10: 1285741552
ISBN 13: 978-1-28574-155-0

Chapter 3 - Section 3.2 - The Product and Quotient Rules - 3.2 Exercises - Page 189: 57

Answer

The rate at which total personal income was rising in 1999 was $~~\$1,627,415,600/year$ The expression for the product rule is: $\frac{d~TPI}{dt} = (9200)(30,593+1400~t)+(961,400+9200~t)(1400)$ $9200$ is the rate of change of the population $(961,400+9200~t)$ is the population $t$ years after 1999 $1400$ is the rate of change of the average income $(30,593+1400~t)$ is the average income $t$ years after 1999

Work Step by Step

Let $P$ be the population $t$ years after 1999: $P = 961,400+9200~t$ Let $I$ be the average income $t$ years after 1999: $I = 30,593+1400~t$ We can find an expression for the total personal income $t$ years after 1999: $TPI = (961,400+9200~t)(30,593+1400~t)$ We can use the product rule to find the rate at which total personal income was rising: $\frac{d~TPI}{dt} = (9200)(30,593+1400~t)+(961,400+9200~t)(1400)$ $\frac{d~TPI}{dt} = 25,760,000~t+1,627,415,600$ Note that $t=0$ in the year 1999. The rate at which total personal income was rising in 1999 was $~~\$1,627,415,600/year$ The expression for the product rule is: $\frac{d~TPI}{dt} = (9200)(30,593+1400~t)+(961,400+9200~t)(1400)$ $9200$ is the rate of change of the population $(961,400+9200~t)$ is the population $t$ years after 1999 $1400$ is the rate of change of the average income $(30,593+1400~t)$ is the average income $t$ years after 1999
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.