StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Calculus for Business Economics - Math Problem Example

Cite this document
Summary
18. The volume of cylindrical can. The base surface area, and curved surface area. So according to the question. From this we can calculate h and put in the expression for the volume reducing the latter to a function of radius only.
28. Let us measure angle from the position of minute hand at 3 pm…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.4% of users find it useful
Calculus for Business Economics
Read Text Preview

Extract of sample "Calculus for Business Economics"

Download file to see previous pages

Thus . Or .12. Same procedure as in the question no. 10.20. (a) Given. So . Thus multiplying the two derivatives we get.(b) Similar as part (a).24. (a) Given. Differentiating on both sides with respect to x, we get, which implies. So at given point (1, 2), the slope of the tangent to the curve is given by.(b) Given. Differentiating on both sides with respect to x, we get, which implies. So at given point (0, 3), the slope of tangent to the curve is given by.50. Take the road towards east as x-axis and that towards north as y-axis.

So their intersection is the origin. Set the clock at 0 at noon. After t hours the truck will be at point A (0, 70t) and the car will be at B (105(t-1), 0). So the distance S = AB is given by, which is equal to or simply. Thus . So required rate of change of distance at t = 2 is.52. The quantity produced by the worker is given by.(a) So R(t) = Q'(t) =(b) Setting clock at 0 at 8:00 am., the time at 9:00 am is represented by t = 1. So R(1) =. (c) The time 9:06 am is represented by t = 1.1. So Q(1.1) - Q(1)R(1).(1.1 - 1) = (27)(0.1) = 2.7.(d) Q(1.1) - Q(1) = Q(1.1)- 27 can be calculated by actually substituting t = 1.

1 in the expression for Q(t).56. Given no. of units manufactured by the relation. The cost is given by. Now . So at t = 2, it is equal to 1663.2.58. Letbe the error in the measurement of radius r. And be the error in the measurement of surface area. Here. So . That is, % error in S = 2(% error in r). As % error in S is no greater than 8%. So the largest % error in r is 4%.Chapter 318. Given. For critical values we solve or. This gives. Also, which is +ve for and is -ve for . So at there is a relative minimum and at there is a relative maximum.22. Given. So . This gives the critical.

Equating 6t and 90 + 0.5t, we can get t. Set the clock at 0 at noon. After t hours the truck will be at point A (0, 70t) and the car will be at B (105(t-1), 0). So the distance S = AB is given by, which is equal to or simply. Thus . So required rate of change of distance at t = 2 is. 58. Letbe the error in the measurement of radius r. And be the error in the measurement of surface area. Here. So . That is, % error in S = 2(% error in r). As % error in S is no greater than 8%. So the largest % error in r is 4%. (a) The fence is on all the four sides of the pasture.

So 2(x + y)= 320. Thus y = 160 - x. Therefore the area A = xy = x(160 - x) =. . On equating it with 0, we get x = 80. So y = 80. These dimensions give maximum area. 28. The traffic speed is given by. Where t represents the time in hours measured 0 at noon. So . The critical values are given by. Or . Thus t = 1 and t = 5. Also . It is -ve for t = 1 and is +ve for t = 5. Therefore, the traffic speed is fastest at 1 hour past noon that is at 1:00 pm. It is slowest at 5 hours past noon that is at 5:00 pm. 30. Let the breadth = x in.

So the length = 2x in. If height = y in, then the . Thus . Now the area of the four walls and the bottom equals. The area of the top is. Therefore cost of the material used is. Its derivative can be equated with zero to get the value of x. 40. Let the coffee break occurs after x hours.

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Calculus for Business Economics Math Problem Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/business/1503304-calculus-for-business-economics
(Calculus for Business Economics Math Problem Example | Topics and Well Written Essays - 1000 Words)
https://studentshare.org/business/1503304-calculus-for-business-economics.
“Calculus for Business Economics Math Problem Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/business/1503304-calculus-for-business-economics.
  • Cited: 0 times

CHECK THESE SAMPLES OF Calculus for Business Economics

How concerns of commerce and business spur on the development of mathematics

Name Professor Course Date Concerns of Commerce and business in Development of Mathematics The historical study of mathematics was more of an investigation about the original mathematical discoveries and ancient mathematical methods and other notations.... In the old age, before the worldwide knowledge spread, developments towards mathematics were only within very few locales (Menninger 77)....
9 Pages (2250 words) Essay

The Help of Derivatives

f(X) = 10/X over the interval [3, 10] =dx = 10 integral [ 10 / x ] dx = 10 [ ln | x | ] + C, so Integral103 [ 10/ x ] dx = [ 10 ln | 10 | + C ] - [ 10 ln | 3 | + C ] = 10 ln 10 – 10 ln3 = 10 [ln10 – ln 3] Part2: Application of Calculus in business Decision-Making Calculus is extensively used in making business decisions, which are critical for the success and survival of every business enterprise.... Derivatives have wide applications in the business world....
6 Pages (1500 words) Assignment

Major Concepts in Economics

The term economics is a wider concept that applies to the aspects of production, distribution and marketing of business.... Therefore, economics can be treated as the science of all aspects relating to a business. ... As shown in the calculus of Hedonism, economists derive the individual demand curve from individual utility maps....
2 Pages (500 words) Essay

Homo Economicus Myth or Reality

nbsp; Another angle to the concept of Homo Economicus is that “ Classical economics did not assert that the economizing individual, whether engaged in trade or as a consumer, acts as if the greatest monetary profit were the sole guiding principle of his conduct.... In the paper “Homo Economicus – Myth or Reality” the author analyzes homo economicus as an approximation or model of homo-sapiens that acts to obtain the highest possible well-being for himself given available information about opportunities and other constraints, both natural and institutional....
6 Pages (1500 words) Essay

Marginal Analysis and how it is used in the world of economics

The elementary theory of economics says that we can not get everything that we want to.... In… The theory of economics helps us to make optimum decision.... In fact, consumption of all goods and services involves some opportunity costs.... In this context, the marginal analysis is very important—it is used to help people optimally allocate their scarce and valuable resources in order to maximize the Perhaps, it is the most important concept in the analysis of economic activities....
5 Pages (1250 words) Essay

Importance of Macro- and Microeconomics to Small and Large Business Owners

On the other hand, business owners should lower down the… On top of the basic supply and demand theory, the study of economics also makes business owners gain better understanding about the market structure.... On top of the basic supply and demand theory, the study of economics also makes business owners gain better understanding about the market structure.... Basically, business owners should be aware that they can take advantage to increase the market prices of their goods and services in case demand exceeds supply....
1 Pages (250 words) Essay

Uses of calculus in business

Mathematics is widely applied in various commercial and business exercises in the world; commercial enterprises have applied different facets of mathematics ranging from management of inventories to the management of accounting used in sales as well as in processes that entail… Various aspects of mathematics used in business enterprises include algebra, probability as well as calculus that have been widely used in the contemporary society. ... he concept of calculus is a dimension of mathematics that is basically used to business MATH al Affiliation) Introduction Mathematics is widely applied in various commercial and business exercises in the world; commercial enterprises have applied different facets of mathematics ranging from management of inventories to the management of accounting used in sales as well as in processes that entail forecasting sales (Thompson, 2011)....
2 Pages (500 words) Research Paper

Using Calculus in curves for bridges, tunnels, and more (engineering)

One can also be able to find calculus in statistics and all the disciplines that relate to it, engineering and its entire spectrum, in economics, business as well as in medicine.... (AASHTO LRFD bridge construction specifications with 2010 and 2011 interim revisions 2010) One would realize that there is… There are two basic aspects of calculus that make it easier to apply in real life situation.... This include the differential calculus and the integral calculus....
4 Pages (1000 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us