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−8𝑥 = −8
𝑥=1
𝐷(1) = (1 − 3)2 = 4
𝑆(1) = 12 + 2(1) + 1 = 4
(𝑥𝐸 , 𝑝𝐸 ) = (𝟏, 𝟒)
9. 𝐷(𝑥) = 5 − 𝑥, 𝑆(𝑥) = √𝑥 + 7; 0 ≤ 𝑥 ≤ 5
(a) Equilibrium Point:
𝐷(𝑥) = 𝑆(𝑥)
5 − 𝑥 = √𝑥 + 7
(5 − 𝑥)2 = 𝑥 + 7
25 − 10𝑥 + 𝑥 2 = 𝑥 + 7
𝑥 2 − 11𝑥 + 18 = 0
(𝑥 − 2)(𝑥 − 9) = 0
𝑥 = 2,9
Since 0 ≤ 𝑥 ≤ 5,
𝑥=2
𝐷(2) = 5 − 2 = 3
𝑆(2) = √2 + 7 = √9 = 3
(𝑥𝐸 , 𝑝𝐸 ) = (𝟐, 𝟑)
(b) Consumer Surplus at the Equilibrium Point:
2
b) Suppose the supply function for Aero Skydiving Center is given by 𝑝 = 𝑆(𝑥) = 15𝑥 + 95.
Find the producer surplus if the center sells Beth 2 jumps.
𝑆(2) = 15(2) + 95 = 30 + 95 = 125
2
c) Find the equilibrium point and the consumer and producer surpluses at this point. Assume
that Beth makes no more than 5 jumps.
Equilibrium Point:
𝐷(𝑥) = 𝑆(𝑥)
7.5𝑥 2 − 60.5𝑥 + 254 = 15𝑥 + 95
7.5𝑥 2 − 75.5𝑥 + 159 = 0
15𝑥 2 − 151𝑥 + 318 = 0
(15𝑥 − 106)(𝑥 − 3) = 0
106
𝑥 = 3,
15
Since no more than 5 jumps,
𝑥=3
𝐷(3) = 7.5(3)2 − 60.5(3) + 254 = 140
𝑆(3) = 15(3) + 95 = 140
(𝑥𝐸 , 𝑝𝐸 ) = (3,140)
Consumer Surplus:
3
Producer Surplus:
3
Answers: (𝒙𝑬 , 𝒑𝑬 ) = (𝟑, 𝟏𝟒𝟎), Consumer Surplus: 𝟏𝟑𝟕. 𝟐𝟓, Producer Surplus: 𝟔𝟕. 𝟓
d) Explain what the equilibrium point represents to both Beth and Aero Skydiving Center.
Answer: The equilibrium point represents the best deal for both Beth and the Aero
Skydiving Center. This means that at 5 jumps, Beth is getting more in return in 3 jumps
compared to the other counts. At the same time, this also gives Aero Skydiving Center a
biggest earnings in sales of 5 jumps or less.
Producer Surplus:
60
c) Suppose a maximum rent of $1000 per month is imposed by the town council. Find the
point (𝑥𝐶 , 𝑝𝐶 ).
𝑆(𝑥) = 1000
600 + 10𝑥 = 1000
10𝑥 = 400
𝑥 = 40
(𝑥𝐶 , 𝑝𝐶 ) = (40,1000)
Answer: (𝟒𝟎, 𝟏𝟎𝟎𝟎)
Producer Surplus:
40
3
5. 𝑦 ′ = + 𝑥 2 − 𝑥 4 ; 𝑦(1) = −4
𝑥
𝒙𝟑 𝒙𝟓
(a) General Solution: 𝒚 = 𝟑 𝐥𝐧 𝒙 + 𝟑
− 𝟓
+𝑪
𝒙𝟑 𝒙𝟓 𝟔𝟐
(b) Particular Solution: 𝒚 = 𝟑 𝐥𝐧 𝒙 + 𝟑 − 𝟓 − 𝟏𝟓
7. Let 𝑦 ′ + 4𝑦 = 0.
a) Show that 𝑦 = 𝑒 −4𝑥 is a solution to this differential equation.
𝒚′ = −𝟒𝒆−𝟒𝒙
−𝟒𝒆−𝟒𝒙 + 𝟒(𝒆−𝟒𝒙 ) = 𝟎
𝟎=𝟎
−𝟒𝑪𝒆−𝟒𝒙 + 𝟒(𝑪𝒆−𝟒𝒙 ) = 𝟎
𝟎=𝟎
𝟎=𝟎
In Exercises 15 – 20, (a) find the general solution of each differential equation, and (b) check the solution
by substituting into the differential equation.
𝑑𝐶
15. 𝑑𝑡 = 0.66𝐶
(a) 𝑪 = 𝒌𝒆𝟎.𝟔𝟔𝒕
𝒅
(b) (𝒌𝒆𝟎.𝟔𝟔𝒕 ) = 𝟎. 𝟔𝟔(𝒌𝒆𝟎.𝟔𝟔𝒕 ) → 𝟎. 𝟔𝟔𝒌𝒆𝟎.𝟔𝟔𝒕 = 𝟎. 𝟔𝟔𝒌𝒆𝟎.𝟔𝟔𝒕
𝒅𝒕
In Exercises 21 – 30, (a) find the particular solution of each differential equation as determined by the
initial condition, and (b) check the solution by substituting into the differential equation.
21. 𝑦 ′ = 𝑥 2 + 2𝑥 − 3, 𝑦(0) = 4
𝒙𝟑
(a) 𝒚 = 𝟑
+ 𝒙𝟐 − 𝟑𝒙 + 4
𝒅 𝒙𝟑
(b) ( + 𝒙𝟐 − 𝟑𝒙 + 𝟒) = 𝒙𝟐 + 𝟐𝒙 − 𝟑 → 𝒙𝟐 + 𝟐𝒙 − 𝟑 = 𝒙𝟐 + 𝟐𝒙 − 𝟑
𝒅𝒙 𝟑
In Exercises 31 – 38, solve by separating variables.
𝑑𝑦
31. 𝑑𝑥 = 5𝑥 4 𝑦
𝟓
Answer: 𝐥𝐧(𝒚) = 𝒙𝟓 + 𝑪 → 𝒚 = 𝒌𝒆𝒙
𝑑𝑦 𝑥
35. 𝑑𝑥
= 2𝑦
Answer: 𝟐𝒚𝟐 = 𝒙𝟐 + 𝑪
a) Write the differential equation, with the initial condition, that represents 𝐴(𝑡), the value of
Debra’s account after 𝑡 years.
𝒅𝑨
= 𝟎. 𝟎𝟑𝟕𝟓𝑨
𝒅𝒕
𝑨(𝟎) = 𝟓𝟎𝟎
b) Find the particular solution of the differential equation from part (a).
𝑨(𝒕) = 𝟓𝟎𝟎𝒆𝟎.𝟎𝟑𝟕𝟓𝒕
𝜕𝑓 𝜕𝑓
In Exercises 21 – 22, find 𝜕𝑏 and 𝜕𝑚.
21. 𝑓(𝑏, 𝑚) = 5𝑚2 − 𝑚𝑏 2 − 3𝑏 + (2𝑚 + 𝑏 − 8)2 + (3𝑚 + 𝑏 − 9)2
𝜕𝑓
= −2𝑚𝑏 − 3 + 2(2𝑚 + 𝑏 − 8) + 2(3𝑚 + 𝑏 − 9) = −𝟐𝒎𝒃 + 𝟏𝟎𝒎 + 𝟒𝒃 − 𝟑𝟕
𝜕𝑏
𝜕𝑓
= 10𝑚 − 𝑏 2 + 2(2)(2𝑚 + 𝑏 − 8) + 2(3)(3𝑚 + 𝑏 − 9) = 𝟑𝟔𝒎 − 𝒃𝟐 + 𝟏𝟎𝒃 − 𝟖𝟔
𝜕𝑚
a) Find the number of units produced with 32 units of labor and 1024 units of capital.
𝑝(32,1024) = 𝟔𝟏𝟒, 𝟒𝟎𝟎
a) Find the surface area of the four walls assuming that the given measurements are exact.
Surface Area: 4ℎ𝑙 = 𝟕𝟐𝟎𝟎 ft2
b) Use differentials to approximate the change in surface area, assuming that the measures
include the extra 6 in.
Change in Surface Area: 4ℎΔ𝑙 + 4𝑙Δℎ = 𝟐𝟕𝟎 ft 2
c) Find the actual change in surface area, assuming that the measurements include the extra 6
in.
Change in Surface Area: 4(120.5)(15.5) − 4(120)(15) = 𝟐𝟕𝟏 ft 2
d) If one paint covers 300 sq. ft, how many extra cans of paint are needed to ensure that the
job is completed.
One more extra can of paint is needed to ensure that the job is completed.