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MATH 30.14 Problem Set 5 (Answer Key) - 1

This document contains 9 problems related to calculus concepts such as evaluating integrals, finding derivatives, solving differential equations, and maximizing profit and production functions. The problems cover a range of calculus topics including integration, differentiation, differential equations, optimization, and economics.

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matthew.tang
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137 views13 pages

MATH 30.14 Problem Set 5 (Answer Key) - 1

This document contains 9 problems related to calculus concepts such as evaluating integrals, finding derivatives, solving differential equations, and maximizing profit and production functions. The problems cover a range of calculus topics including integration, differentiation, differential equations, optimization, and economics.

Uploaded by

matthew.tang
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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MATH 30.

14 Problem Set 5

1. Evaluate the following integrals:


a. ∫ " ! (3" " + 1)#$.& ("
'(
b. ∫ )2"+ '() − )
+ cos(2" + 0)1 (0
*+ (
c. ∬, ()
(3 where 4 = {(", 0)|1 ≤ " ≤ +, 1 ≤ 0 ≤ + ' }

2. Given ;(", 0) = 4+ '(-!) " ' 0 + ln(2"0) − sin(2"0), find the following:
a. ;(
b. ;)(

.)
3. Find the particular solution of .( = −0.50, if the equation that satisfies it passes through (0, 100).

/ 1 1
4. If ∫0 ;(")(" = C, ∫0 ;(") (" = D, and E < G < H, find ∫/ ;(") (".

'
5. Find the area bounded by ;(") = ( and I(") = " − 1 over the interval [1, 3]. Verify algebraically that the

intersection point is (2, 1). A portion of the graph is given below.

6. Find the Gini index of the Lorenz curve ;(") = " 23.3 .

7. Find the future value at 4.15% interest, compounded continuously for 5 years, of the continuous income
stream with the rate of flow ;(L) = 1,350+ #$.$!4 .
8. A firm produces two types of earphones per year: x thousand of type A and y thousand of type B. If the
revenue and cost equations for the year are (in millions of dollars)
4(", 0) = 2" + 30
M(", 0) = " ' − 2"0 + 20 ' + 6" − 90 + 5
a. Find the profit function P(", 0), then evaluate and interpret P( (10, 10).
b. Determine how many of each type of earphone should be produced per year to maximize profit.
c. What is the maximum profit?

9. A consulting firm for a manufacturing company arrived at the following Cobb-Douglas production
function for a particular product:
Q(", 0) = 50" $.5 0 $.'
In this equation, x is the number of units of labor and y is the number of units of capital required to produce
Q(", 0) units of the product. Each unit of labor costs $40 and each unit of capital costs $80.
a. If $400,000 is budgeted for production of the product, determine how that amount should be
allocated to maximize production.
b. Find the maximum production.
c. Find the marginal productivity of money in this case, and estimate the increase in production if an
additional $50,000 is budgeted for the production of the product.

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