Please help me with this question. Effect of Capital Expenditures on GDP An economist has determined that a certain country's gross domestic product (GDP) is approximated by the following function where f(x) is measured in billionsof dollars and x is the capital outlay in billions of dollars.f(x) = 620x1/5Use differentials to estimate the change in the country's GDP if the country's capital expenditure changes from $238 billion to $243 billion. (Round your answer to two decimal places.)billion dollars$

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Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter2: Graphical And Tabular Analysis

Section2.6: Optimization

Problem 7E: Marine Fishery One class of models for population growth rates in marine fisheries assumes that the...

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Grazing Kangaroos The amount of vegetation eaten in a day by a grazing animal V of food available measured as biomass, in units such as pounds per acre. This relationship is called the functional response. If there is little vegetation available, the daily intake will be small, since the animal will have difficulty finding and eating the food. As the amount of food biomass increases, so does the daily intake. Clearly, though, there is a limit to the amount the animal will eat, regardless of the amount of food available. This maximum amount eaten is the satiation level. a.For the western grey kangaroo of Australia, the functional response is G=2.54.8e0.004V, where G=G(V) is the daily intake measured in pounds and V is the vegetation biomass measured in pounds per acre. i. Draw a graph of G against V. Include vegetation biomass levels up to 2000 pounds per acre. ii. Is the graph you found in part i concave up or concave down? Explain in practical terms what your answer means about how this kangaroo feeds. iii. There is a minimal vegetation biomass level below which the western grey kangaroo will eat nothing. Another way of expressing this is to say that the animal cannot reduce the food biomass below this level. Find this minimal level. iv. Find the satiation level for the western grey kangaroo. b. For the red kangaroo of Australia, the functional response is R=1.91.9e0.033V, Where R is the daily intake measured in pounds and V is the vegetation biomass measured in pounds per acre. i. Add the graph of R against V to the graph of G you drew in part a. ii. A simple measure of the grazing efficiency of an animal involves the minimal vegetation biomass level described above: The lower the minimal level for an animal, the more efficient it is at grazing. Which is more efficient at grazing, the western grey kangaroo or the red kangaroo?
Spawner-Recruit Model In fish management it is important to know the relationship between the abundance of the spawners also called the parent stock and the abundance of the recruitsthat is, those hatchlings surviving to maturity. According to the Ricker model, the number of recruits R as a function of the number of spawners P has the form R=APeBp for some positive constants A and B. This model describes well a phenomenon observed in some fisheries: A large spawning group can actually lead to a small group of recruits. In a study of the sockeye salmon, it was determined that A=4 and B=0.7. Here we measure P and R in thousands of salmon. a. Make a graph of R versus P for the sockeye salmon. Assume there are at most 3000 spawners. b. Find the maximum number of salmon recruits possible. c. If the number of recruits R is greater than the number of spawners P, then the difference R-P of the recruits can be removed by fishing, and next season there will once again be P spawners surviving to renew the cycle. What value of P gives the maximum value of R-P, the number of fish available for removal by fishing?
Marine Fishery One class of models for population growth rates in marine fisheries assumes that the harvest from fishing is proportional to the population size. For one such model, we have G=0.3n(1n2)0.1n Here G is the growth rate of the population, in millions of tons of fish per year, and n is the population size, in millions of tons of fish. a.Make a graph of G versus n. include values of n up to 1.5 million tons. b.Use functional notation to express the growth rate if the population size is 0.24 million tons, and then calculate that value. c. Calculate G1.42 and explain in practical terms what your answer means. d.At what population size is the growth rate the largest?

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