Department of Mathematics

Assoc. Prof. W. Emam

Spring 2019

Mathematics
for Management Students (MATH-201)
Worksheet Nr. (2)

Applications of Integration
1. NET GROWTH OF POPULATION A study indicates that t months from now the population
of a certain town will be growing at the rate of 𝑃′ (𝑡) = 5 + 3𝑡 2/3 people per month. By how
much will the population of the town increase over the next 8 months?

2. FOOD PRICES Records indicate that t months after beginning of the year, the price of ground
beef in local supermarkets was 𝑃(𝑡) = 0.09𝑡 2 − 0.2𝑡 + 1.6 dollars per pound. What was the
price of ground beef during the first 3 months of the year?

3. PROFIT OVER THE USEFUL LIFE OF A MACHINE Suppose that when it is t years old,
and a particular industrial machine generates revenue at the rate𝑅′ (𝑡) = 6025 − 8𝑡 2 dollars per
year and that operating and servicing costs accumulate at the rate 𝐶 ′ (𝑡) = 4681 + 13𝑡 2 dollars
per year.
a. How many years pass before the profitability of the machine begins to decline?
b. Compute the net profit generated by the machine over its useful lifetime.

4. ADMISSIONS TO EVENTS The promoters of a county fair estimate that t hours after the
gates open at 9:00 A.M. visitors will be entering the fair at the rate of −4(𝑡 + 2)3 + 54(𝑡 + 2)2
people per hour. How many people will enter the fair between 10:00 A.M. and noon?

5. EFFICIENCY After t hours on the job, a factory worker can produce 100𝑒 −0.5𝑡 units per hour.
How many units does a worker who arrives on the job at 8:00 A.M. produce between 10:00
A.M. and noon?

6. INVESTMENT Suppose that t years from now, one investment plan will be generating profit at
the rate of 𝑃1′ (𝑡) = 100 + 𝑡 2 hundred dollars per year, while a second investment will be
generating profit at the rate of 𝑃2′ (𝑡) = 220 + 2𝑡 hundred dollars per year.
a. For how many years does the rate of profitability of the second investment exceed that
of the first?
b. Compute the net excess profit assuming that you invest in the second plan for the time
period determined in part (a).
7. MARGINAL COST At a certain factory, the marginal cost is 6(𝑞 − 5)2 dollars per unit when
the level of production is q units. By how much will the total manufacturing cost increase if the
level of production is raised from 10 to 13 units?

8. CONSUMER’S WILLINGNESS TO SPEND The manager of a store determines that the price
p (dollars) for a commodity is changing at the rate of 𝐷(𝑞) = 2(64 − 𝑞 2 ) when 𝑞 units are
demanded by consumer. Find the total amount of money consumers are willing to spend to get 6
units of the commodity.