Assignments One P12 61, 62, 64 61. IMMUNIZATION Suppose that during a nationwide program to immunize the population against a certain form of influenza, public health officials found that the cost of inoculating x% of the population was approximately C ( x) 150 x million dollars. 200 x a. What is the domain of the function C? b. For what values of x does C(x) have a practical interpretation in this context? c. What was the cost of inoculating the first 50% of the population? d. What was the cost of inoculating the second 50% of the population? e. What percentage of the population had been inoculated by the time 37.5 million dollars had been spent? Solution a. Since division by any number other than 0 is possible, the domain of C is the set of all real numbers x 200 . b. C(x) has a practical interpretation for 0 x 100 since x means the number of percent of the population. c. The cost of inoculating the first 50% of the population is the value of total cost function when x 50 . That is C (50) C (0) 150 50 $50 million 200 50 d. The cost of inoculating the second 50% of the population is the difference between the value of total cost function when x 100 and the value when x 50 . That is 150 100 50 $100 million 200 100 e. Set C (x) equal to 37.5 and solve for x to get C (100) C (50) 150 x 37.5 200 x x 40 That is, 40% of the population had been inoculated by the time 37.5 million dollars had been spent. 62. POSITION OF A MOVING OBJECT A ball has been dropped from the top of a building. Its height (in feet) after t seconds is given by the function H (t ) 16t 2 256 . a. What is the height of the ball after 2 seconds? b. How far will the ball travel during the third second? c. How tall is the building? d. When will the ball hit the ground? Solution a. After 2 seconds the height of the ball is H (2) 16(2) 2 256 192 feet b. During the third second the distance that the ball will travel is the difference between the height of the ball after 2 second and the height after 3 second. That is H (2) H (3) 192 (16(3) 2 256) 80 feet c. The height of the building is the height of the ball when t 0 . That is H (0) 16(0) 2 256 256 feet d. Set H (t ) equal to 0 and solve for t to get 16t 2 256 0 t 2 16 t 16 4 The time can not be negative, so we ignore –4. That is, the ball will hit the ground after 4 seconds. 64. MANUFACTURING COST At a certain factory, the total cost of manufacturing q units during the daily production run is C (q) q 2 q 900 dollars. On a typical workday, q (t ) 25t units are manufactured during the first t hours of a production run. a. Express the total manufacturing cost as a function of t . b. How much will have been spent on production by the end of the third hour? c. When will the total manufacturing cost reach $ 11,000? Solution a. Since the total cost is related to the variable q by the equation C (q) q 2 q 900 and the variable q is related to the variable t by the equation q (t ) 25t it follows that the composition function C (q(t )) (25t ) 2 25t 900 625t 2 25t 900 C(q(t)) expresses total manufacturing cost as a function of t . b. When t 3 , C (q(3)) 625 32 25 3 900 6600 That is, $6600 will have been spent on production by the end of third hour. c. Set C (q(t )) equal to 11,000 and solve for t to get 625t 2 25t 900 11000 t 1 1 25 4 404 1 201 50 50 Since t 0 , we get t 4 . That is, the total manufacturing cost reach $11,000 by the end of the forth hour. P24 33 33. PROFIT Suppose that when the price of a certain commodity is p dollars per unit, then x hundred units will be purchased by consumers, where p 0.05 x 38 . The cost of producing x hundred units is C ( x) 0.02 x 2 3 x 574.77 hundred dollars. a. Express the profit P obtained from the sale of x hundred units as a function of x. Sketch the graph of the profit function. b. Use the profit curve found in part (a) to determine the level of production x that results in maximum profit. What unit price p corresponds to the maximum profit? Solution a. The profit function is P( x) R( x) C ( x) xp C ( x) x(0.05 x 38) (0.02 x 2 3x 574.77) 0.07 x 2 35 x 574.77 which is a parabola that opens downward (Since A=-0.07<0) and has its high point (vertex) at x B 35 250 2 A 2(0.07) Thus, revenue is maximized when x=250 hundred units are produced, and the corresponding maximum profit is P(250)=3800.23 hundred dollars. (250, 3800.23) 4,000 2,000 0 250 500 b. The profit is maximized when x 250 hundred units. And the corresponding unit price is p(250) 0.05(250) 38 $25.5 P37 20 , 28 , 34 P39 51 In Problems 20, 28 and 34, write an equation for the line with the given properties 20.Through (-1, 2) with slope 2/3. Solution Use the formula y y0 m( x x0 ) with ( x0 , y0 ) (1,2) and m 2 / 3 to get 2 ( x 1) 3 2 8 y x 3 3 y2 Or 28. Through (-2,3) and (0,5). The slope is 35 1 20 Use the point-slope formula with ( x0 , y0 ) (1,2) and m 1 to get m y 5 x y x5 34. Through (-1/2,1) and perpendicular to the line 2 x 5 y 3 Solution By rewriting the equation 2 x 5 y 3 in the slope-intercept form 2 3 2 x , we see that the line has slope m . Then the line 5 5 5 1 5 perpendicular to this line must have the slope m' , since the m 2 y required line contains (-1/2,1), we have 5 1 (x ) 2 2 5 9 y x 2 4 y 1 51. COLLEGE ADMISSIONS The average scores of incoming students at an eastern liberal arts college in the SAT mathematics examination have been declining at a constant rate in recent years. In 1995, the average SAT score was 575, while in 2000 it was 545. a. Express the average SAT score as a function of time. b. If the trend continues, what will the average SAT score of incoming students be in 2005? c. If the trend continues, when will the average SAT score be 527? Solution a. Let t denote the number of year and y the average SAT score. Since y changes at a constant rate with respect to t, the function relating y to x must be linear. The line is through the points (1995, 575) and (2000, 545), so the slope of the line will be m 545 575 6 2000 1995 y 6(t 1995) 575 To get b. If the trend continues, in 2005, the average SAT score of incoming students will be f (2005) 6(2005 1995) 575 515 c. Set y equal to 527 and solve for t to get 6(t 1995) 575 527 t 2003 That is, the average SAT score will be 527 in 2003 if the trend continues. P56 45 , 48 45. SUPPLY AND DEMAND Producers will supply x units of a certain commodity to the market when the price is p S (x) dollars per unit, and consumers will demand (buy) x units when the price is p D(x) dollars per unit, where S ( x) 2 x 15 and D( x) 385 x 1 a. Find the equilibrium profuction level xe and the equilibrium price pe . b. Draw the supply and demand curves on the same graph. c. Where does the supply curve cross the y axis? Describe the economic significance of this point. Solution a. Maket equilibrium occurs when S ( x) D( x) 385 2 x 15 x 1 2 2 x 17 x 15 385 2 x 2 17 x 370 0 ( x 10)( 2 x 37) 0 x 10 or x 18.5 Since only positive values of the production level x are meaningful, we reject x 18.5 and conclude that equilibrium occurs when xe 10 . The corresponding equilibrium price can be substiduting x 10 into either the supply function or the demand function. Thus, pe S (10) 2(10) 15 35 b. Equilibrium point (10, 35) c. When the supply curve crosses the y axis, S (0) 15 thus the supply curve crosses the y axis at (0,15) . This point mean that no units will be produced until the price is at least $15. 48. BREAK-EVEN ANALYSIS A furniture manufacturer can selll dining room tables for $70 apiece. The manufacturer’s total cost consists of a fixed overhead of $8,000 plus production costs of 30 per table. a. How many tables must the manufacturer sell to break even? b. How many tables must the manufacturer sell to make a profit of $6,000? c. What will be the manufacturer’s profit or loss if 150 tables are sold? d. On the same set of axes, graph the manufacturer’s total revenue and total cost fuctions. Explain how the overhead can be read from the graph. Solution If x is the number of units the manufactured and sold, the total revenue is given by R( x) 70 x and the total cost by C ( x) 8000 30 x . a. To find the break-even point, set R ( x ) equal to C ( x) and solve 70x 8000 30x 40x 8000 x 200 so that It follows that the manufacturer will have to sell 200 units to break even. b. The profit P ( x ) is revenue minus cost. Hence P( x) R( x) C ( x) 70 x (8000 30 x) 40 x 8000 To determine the number of units that must be sold to make a profit of $6,000, set the formula for profit P ( x ) equal to 6,000 and solve 40x 8000 6000 x 350 so that It follows that the manufacturer will have to sell 350 units to make a profit of $6,000. c. The profit from the sale of 150 tables is P(150) 40(150) 8000 2000 The minus sign indicates a loss, and it follows that the manufacturer will lose $2,000 if 150 tables are sold. R(x) d. y Break-even C(x) point 8000 (200, 14000) x 0 From the graph, we can find that the overhead is the y intercept of C ( x) . P69 12 In Problem 12, find the indicated limit if it exists. ( x 2 1)(1 2 x) 2 11. xlim 1 Solution Apply the properties of limits to obtain lim ( x2 1)(1 2 x)2 lim ( x2 1) ( lim (1 2 x)) 2 2 32 18 x1 P70 x1 x1 15 , 19 , 23 , 25 , 27 , 31 , 35 In Problems 15, 19, 23 and 25 , find the indicated limit if it exists 15. x3 lim x 5 5 x Solution The quotient rule for limits does not apply in this case since the limit of the denominator is lim(5 x) 0 x 5 x 3) 8 , which is not equal to Since the limit of the numerator is lim( x 5 zero, you can conclude that the limit of the quotient does not exist. 19. lim x 5 x 2 3x 10 x5 Solution Both the numerator and the denominator approach 0 as x approach 5. Simplify the quotient to obtain: x 2 3x 10 ( x 5)( x 2) x2 x 5 x 5 and then take the limit to get lim x 5 23. x 2 3x 10 lim( x 2) 7 x 5 x 5 x2 x 6 x 2 x 2 3 x 2 lim Solution Both the numerator and the denominator approach 0 as x approach -2. Simplify the quotient to obtain: x 2 x 6 ( x 2)( x 3) x 3 x 2 3x 2 ( x 2)( x 1) x 1 and then take the limit to get ( x 3) x2 x 6 x 3 xlim 2 lim 5 x 2 x 2 3 x 2 x 2 x 1 lim ( x 1) lim x 2 25. lim x4 Solution x 2 x4 Both the numerator and the denominator approach 0 as x approach 5. to simplify the quotient, we rationalize the numerator: x 2 ( x 2)( x 2) x4 x4 ( x 4)( x 2) ( x 4)( x 2) 1 x 2 and then take the limit to get lim x 4 x 2 1 1 lim x 4 x4 x 2 4 f ( x) and lim f ( x) . If the For problems 27, 31 and 35, find xlim x limiting value is infinite, indicate whether it is or . f ( x) and lim f ( x) . If the For problems 27, 31 and 35, find xlim x limiting value is infinite, indicate whether it is or . 27. f ( x) x 3 4 x 2 4 Solution Since the values of this function increase without bound as x increases, we get lim ( x3 4 x2 4) x Similarly, we can obtain lim ( x3 4 x2 4) x 31. f ( x) x 2 2x 3 2 x 2 5x 1 Solution The highest power in the denominator is x 2 . Divide the numerator and the denominator by x 2 to get x2 2x 3 1 2 / x 3/ x 2 1 0 0 1 lim x 2 x 2 5 x 1 x 2 5 / x 1/ x 2 200 2 lim x2 2x 3 1 2 / x 3/ x 2 1 0 0 1 lim x 2 x 2 5 x 1 x 2 5 / x 1/ x 2 200 2 lim 35. f ( x) 3x 2 6 x 2 2x 9 Solution The highest power in the denominator is x . Divide the numerator and the denominator by x to get 3x 2 6 x 2 3x 6 2 / x lim x x 2x 9 29/ x lim since 2 lim (3 x 6 ) x x and 9 lim (2 ) 2 x x it follows that 3x 2 6 x 2 x 2x 9 lim Similarly, we can get 3x 2 6 x 2 3x 6 2 / x lim lim x x 2x 9 29/ x P71 51 51. PER CAPITA EARNINGS Studies indicate that t years form now, the population of a certiain country will be p 0.2t 1,500 thousand people, and that gross earnings of the country will be E million dollars, where E (t ) 9t 2 0.5t 179 a. Express the per capita earnings of the country P E / p as a function of time t . (take care with the units.) b. What happens to the per capita earnings in the long run (as t ) Solution a. Both the gross earnings of the country E and the population p are functions of time t . Hence the per capita earnings of the country is 9t 2 0.5t 179 P(t ) E (t ) / p(t ) 0.2t 1500 thousand dollars per person . b. Since lim P(t ) lim t t 9t 2 0.5t 179 9 0.5 / t 179 / t 2 lim 15 , t 0.2t 1500 0.2 1500 / t the per capita earnings tends toward 15 thousand dollar per person ( $15,000 per person) in the long run (as t ). P81 11 , 13 In Problems 11 and 13, find the indicated one-sided limit. If the limiting value is infinite, indicate whether it is 11. lim x 3 or . x 1 2 x3 Solution lim x3 x 1 2 ( x 1 2)( x 1 2) lim lim x 3 x3 x3 ( x 3)( x 1 2) 1 1 x 1 2 4 2 x 2 x if x 3 3 x if x 3 13. lim f ( x) and lim f ( x) , where f ( x) x 3 x 3 Solution Since f ( x) 2 x 2 x for x 3 , we have lim f ( x) lim (2 x 2 x) 15 x3 Similarly, x3 f ( x) 3 x for x 3 , so lim f ( x) lim (3 x) 0 x3 x 3