Concept explainers
HOTEL Rates The average daily rate of U S hotels from 2006 through 2009 is approximated by the function
where f(t) is measured in dollars and t = 0 corresponds to 2006.
- a. What was the average daily rate of U S. hotels in 2006? In 2007? In 2008?
- b. Sketch the graph of f.
Source: Smith Travel Research.
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Chapter 2 Solutions
Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach
- Freight on Class I Railroads According to the Association of American Railroads, Class I freight railroads are the line-haul freight railroads with 2006 operating revenue in excess of 346.8million. Let F=F(t) denote the freight revenue in billions of dollars of Class I railroads in year t. In 2005, Class I railroads had a freight revenue of 44.5billion. In 2007, the revenue was 52.9 billion. Calculate the average rate of change per year in F from 2005 to 2007 and explain its meaning in practical terms.arrow_forwardGrazing 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?arrow_forward
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