4. Suppose the Supply function for a product is given as p = 30 + 0.001x² and the Demand function is given as p = 90 - 0.3x %3D a. Sketch the graph of the two functions, for 0

Algebra & Trigonometry with Analytic Geometry
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Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 94E
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4. Suppose the Supply function for a product is given as p = 30 + 0.001x² and the Demand function is
given as p = 90 – 0.3x
a. Sketch the graph of the two functions, for 0<x<300. Make sure to LABEL your x and y axes with
their scales.
b. Find the point of intersection between the two functions. You do not need to do this algebraically.
c. Find the Consumer's Surplus using calculus.
Transcribed Image Text:4. Suppose the Supply function for a product is given as p = 30 + 0.001x² and the Demand function is given as p = 90 – 0.3x a. Sketch the graph of the two functions, for 0<x<300. Make sure to LABEL your x and y axes with their scales. b. Find the point of intersection between the two functions. You do not need to do this algebraically. c. Find the Consumer's Surplus using calculus.
*TATTOO"CHEAT SHEET - USE OFTEN!
youR
THE BASICS
derv.
PX) MP
CO) MC
RX) MR
X→ fcx)+y (ly CAN BE +,Ø,-)
X f'x) SLOPE(SLOPE CAN BE +,Ø,
integ.
- {0 = MAx OR MIN OR H.P.I.3)
X *f"(x) + CONCAVITY (CONCAVITY IS ,A,Ø { Bis POINT OF INFLECTION})
DERIVATIVES
PRODUCTS AND QUOTIENTS
u isA
FUNCTION,
X IS VAR.,
e AND n y= u y'= u'v -uv'
y=x^
y'= nxn-i
U AND V
youv y'- u'v+uv'
%3D
n-I
y'= nu" (u')
y=e" y'- u'e"
y=Lnu y'= 4 doutdin
y=u^
ARE
FUNCTIONS
CONSTANTS
LOGS AND EXPONENTS
y=a" y'=a"u'ına ) WHERE U
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INTEGRALS
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x^dx
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X IS VARVABLE
ntl
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+k, n+-1
Un(e*) =x (SIMPLIFIED, NOT DERIVATI VE )
=X (SIMPUFIED, NOT DERIVATIVE)
y= Ju'e"dr → e" + k
in(MN) = Ln M+ inN
in (A) - LnM -UnN
in (M) = PlnM
y= logax ay =x
WHERE M
» In u +K n=-l
EN ARE
STEPS
FUNCTIONS.
(CONVERSIONS
NOT DERIVATIVĖS
1) MAKE IT PRETTY. WHICH INTEGRAL?
2) FIND U; CREATE U'
3) WE HAVE
4) MAKE IT LOOK LIKE TEMPLATE
5) PERFORM INTEGRAL
WE WANT.
CHANGE OF BASE:
y=loga x
loga
DEFINITE INTEGRALS
log X
In X
%3D
ALSO
Una
y=Jax^dx = afx°dx
Scan"
y= J(ax^+bx") dx
SFondh Fo = Fb) - Fla)
Jfandk=Fx)
%3D
%3D
a
Transcribed Image Text:*TATTOO"CHEAT SHEET - USE OFTEN! youR THE BASICS derv. PX) MP CO) MC RX) MR X→ fcx)+y (ly CAN BE +,Ø,-) X f'x) SLOPE(SLOPE CAN BE +,Ø, integ. - {0 = MAx OR MIN OR H.P.I.3) X *f"(x) + CONCAVITY (CONCAVITY IS ,A,Ø { Bis POINT OF INFLECTION}) DERIVATIVES PRODUCTS AND QUOTIENTS u isA FUNCTION, X IS VAR., e AND n y= u y'= u'v -uv' y=x^ y'= nxn-i U AND V youv y'- u'v+uv' %3D n-I y'= nu" (u') y=e" y'- u'e" y=Lnu y'= 4 doutdin y=u^ ARE FUNCTIONS CONSTANTS LOGS AND EXPONENTS y=a" y'=a"u'ına ) WHERE U y-a* y = a*x' In a fa is const, Fa*(1) ina INTEGRALS IS A FUNC, x^dx +K, n+-I X IS VARVABLE ntl dx → U' +k, n+-1 Un(e*) =x (SIMPLIFIED, NOT DERIVATI VE ) =X (SIMPUFIED, NOT DERIVATIVE) y= Ju'e"dr → e" + k in(MN) = Ln M+ inN in (A) - LnM -UnN in (M) = PlnM y= logax ay =x WHERE M » In u +K n=-l EN ARE STEPS FUNCTIONS. (CONVERSIONS NOT DERIVATIVĖS 1) MAKE IT PRETTY. WHICH INTEGRAL? 2) FIND U; CREATE U' 3) WE HAVE 4) MAKE IT LOOK LIKE TEMPLATE 5) PERFORM INTEGRAL WE WANT. CHANGE OF BASE: y=loga x loga DEFINITE INTEGRALS log X In X %3D ALSO Una y=Jax^dx = afx°dx Scan" y= J(ax^+bx") dx SFondh Fo = Fb) - Fla) Jfandk=Fx) %3D %3D a
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