BuyFindarrow_forward

Calculus: An Applied Approach (Min...

10th Edition
Ron Larson
ISBN: 9781305860919

Solutions

Chapter
Section
BuyFindarrow_forward

Calculus: An Applied Approach (Min...

10th Edition
Ron Larson
ISBN: 9781305860919
Textbook Problem
1 views

Marginal Propensity to Consume In

Exercises 59 and 60, (a) use the marginal propensity to consume, dQ/dx, to write Q as a function of x, where x is the income (in dollars) and Q is the income consumed (in dollars). Assume that families who have annual incomes of $25,000 or less consume 100% of their income. (b) Use the result of part (a) and a spreadsheet to complete the table showing the income consumed and the income saved, x - Q, for various incomes. (c) Use a graphing utility to represent graphically the income consumed and saved. See Example 8.

X 25,000 50,000 100,000 150,000
Q
x-Q

d Q d x = 0.95 ( x 24 , 999 ) 0.05 ,   x 25 , 000

(a)

To determine

To calculate: The income consumed Q as a function of x for the provided equation

dQdx=0.95(x24,999)0.05 when the annual income is $25,000 and the income consumed is 100%

that is $25,000.

Explanation

Given Information:

The marginal propensity to consume income x is modeled by the equation

dQdx=0.95(x24,999)0.05 where Q is income consumed and x is annual income.

Formula Used:

According to the general power rule for integration,

If u is a differentiable function of x, then

undu=un+1n+1+C

where n1

Calculation:

Consider the provided equation dQdx=0.95(x24,999)0.05.

Integrate dQdx to obtain Q.

Q=0.95(x24,999)0.05dx …… (1)

Let x24,999=u

Differentiate the above equation with respect to x,

ddx(x24,999)=dudxddx(x)ddx(24,999)=dudx1=dudxdx=du

Substitute the value of dx=du and x24,999=u in equation (1),

Q=0.95duu0.05=0.95u0

(b)

To determine

To calculate: The values of income consumed Q and income saved xQ by using the result of

part (a) for the following table.

x25,00050,000100,000150,000QxQ

(c)

To determine

To graph: The income consumed Q and income saved xQ using graphing utility from the table obtained in part (b).

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started
Sect-5.1 P-3SWUSect-5.1 P-4SWUSect-5.1 P-5SWUSect-5.1 P-6SWUSect-5.1 P-7SWUSect-5.1 P-8SWUSect-5.1 P-9SWUSect-5.1 P-10SWUSect-5.1 P-1ESect-5.1 P-2ESect-5.1 P-3ESect-5.1 P-4ESect-5.1 P-5ESect-5.1 P-6ESect-5.1 P-7ESect-5.1 P-8ESect-5.1 P-9ESect-5.1 P-10ESect-5.1 P-11ESect-5.1 P-12ESect-5.1 P-13ESect-5.1 P-14ESect-5.1 P-15ESect-5.1 P-16ESect-5.1 P-17ESect-5.1 P-18ESect-5.1 P-19ESect-5.1 P-20ESect-5.1 P-21ESect-5.1 P-22ESect-5.1 P-23ESect-5.1 P-24ESect-5.1 P-25ESect-5.1 P-26ESect-5.1 P-27ESect-5.1 P-28ESect-5.1 P-29ESect-5.1 P-30ESect-5.1 P-31ESect-5.1 P-32ESect-5.1 P-33ESect-5.1 P-34ESect-5.1 P-35ESect-5.1 P-36ESect-5.1 P-37ESect-5.1 P-38ESect-5.1 P-39ESect-5.1 P-40ESect-5.1 P-41ESect-5.1 P-42ESect-5.1 P-43ESect-5.1 P-44ESect-5.1 P-45ESect-5.1 P-46ESect-5.1 P-47ESect-5.1 P-48ESect-5.1 P-49ESect-5.1 P-50ESect-5.1 P-51ESect-5.1 P-52ESect-5.1 P-53ESect-5.1 P-54ESect-5.1 P-55ESect-5.1 P-56ESect-5.1 P-57ESect-5.1 P-58ESect-5.1 P-59ESect-5.1 P-60ESect-5.1 P-61ESect-5.1 P-62ESect-5.1 P-63ESect-5.1 P-64ESect-5.1 P-65ESect-5.1 P-66ESect-5.1 P-67ESect-5.1 P-68ESect-5.1 P-69ESect-5.1 P-70ESect-5.1 P-71ESect-5.1 P-72ESect-5.1 P-73ESect-5.1 P-74ESect-5.1 P-75ESect-5.2 P-1CPSect-5.2 P-2CPSect-5.2 P-3CPSect-5.2 P-4CPSect-5.2 P-5CPSect-5.2 P-6CPSect-5.2 P-7CPSect-5.2 P-8CPSect-5.2 P-1SWUSect-5.2 P-2SWUSect-5.2 P-3SWUSect-5.2 P-4SWUSect-5.2 P-5SWUSect-5.2 P-6SWUSect-5.2 P-7SWUSect-5.2 P-8SWUSect-5.2 P-9SWUSect-5.2 P-1ESect-5.2 P-2ESect-5.2 P-3ESect-5.2 P-4ESect-5.2 P-5ESect-5.2 P-6ESect-5.2 P-7ESect-5.2 P-8ESect-5.2 P-9ESect-5.2 P-10ESect-5.2 P-11ESect-5.2 P-12ESect-5.2 P-13ESect-5.2 P-14ESect-5.2 P-15ESect-5.2 P-16ESect-5.2 P-17ESect-5.2 P-18ESect-5.2 P-19ESect-5.2 P-20ESect-5.2 P-21ESect-5.2 P-22ESect-5.2 P-23ESect-5.2 P-24ESect-5.2 P-25ESect-5.2 P-26ESect-5.2 P-27ESect-5.2 P-28ESect-5.2 P-29ESect-5.2 P-30ESect-5.2 P-31ESect-5.2 P-32ESect-5.2 P-33ESect-5.2 P-34ESect-5.2 P-35ESect-5.2 P-36ESect-5.2 P-37ESect-5.2 P-38ESect-5.2 P-39ESect-5.2 P-40ESect-5.2 P-41ESect-5.2 P-42ESect-5.2 P-43ESect-5.2 P-44ESect-5.2 P-45ESect-5.2 P-46ESect-5.2 P-47ESect-5.2 P-48ESect-5.2 P-49ESect-5.2 P-50ESect-5.2 P-51ESect-5.2 P-52ESect-5.2 P-53ESect-5.2 P-54ESect-5.2 P-55ESect-5.2 P-56ESect-5.2 P-57ESect-5.2 P-58ESect-5.2 P-59ESect-5.2 P-60ESect-5.2 P-61ESect-5.2 P-62ESect-5.3 P-1CPSect-5.3 P-2CPSect-5.3 P-3CPSect-5.3 P-4CPSect-5.3 P-5CPSect-5.3 P-6CPSect-5.3 P-7CPSect-5.3 P-1SWUSect-5.3 P-2SWUSect-5.3 P-3SWUSect-5.3 P-4SWUSect-5.3 P-5SWUSect-5.3 P-6SWUSect-5.3 P-7SWUSect-5.3 P-8SWUSect-5.3 P-1ESect-5.3 P-2ESect-5.3 P-3ESect-5.3 P-4ESect-5.3 P-5ESect-5.3 P-6ESect-5.3 P-7ESect-5.3 P-8ESect-5.3 P-9ESect-5.3 P-10ESect-5.3 P-11ESect-5.3 P-12ESect-5.3 P-13ESect-5.3 P-14ESect-5.3 P-15ESect-5.3 P-16ESect-5.3 P-17ESect-5.3 P-18ESect-5.3 P-19ESect-5.3 P-20ESect-5.3 P-21ESect-5.3 P-22ESect-5.3 P-23ESect-5.3 P-24ESect-5.3 P-25ESect-5.3 P-26ESect-5.3 P-27ESect-5.3 P-28ESect-5.3 P-29ESect-5.3 P-30ESect-5.3 P-31ESect-5.3 P-32ESect-5.3 P-33ESect-5.3 P-34ESect-5.3 P-35ESect-5.3 P-36ESect-5.3 P-37ESect-5.3 P-38ESect-5.3 P-39ESect-5.3 P-40ESect-5.3 P-41ESect-5.3 P-42ESect-5.3 P-43ESect-5.3 P-44ESect-5.3 P-45ESect-5.3 P-46ESect-5.3 P-47ESect-5.3 P-48ESect-5.3 P-49ESect-5.3 P-50ESect-5.3 P-51ESect-5.3 P-52ESect-5.3 P-53ESect-5.3 P-54ESect-5.3 P-55ESect-5.3 P-56ESect-5.3 P-57ESect-5.3 P-58ESect-5.3 P-1QYSect-5.3 P-2QYSect-5.3 P-3QYSect-5.3 P-4QYSect-5.3 P-5QYSect-5.3 P-6QYSect-5.3 P-7QYSect-5.3 P-8QYSect-5.3 P-9QYSect-5.3 P-10QYSect-5.3 P-11QYSect-5.3 P-12QYSect-5.3 P-13QYSect-5.3 P-14QYSect-5.3 P-15QYSect-5.3 P-16QYSect-5.3 P-17QYSect-5.3 P-18QYSect-5.3 P-19QYSect-5.3 P-20QYSect-5.3 P-21QYSect-5.4 P-1CPSect-5.4 P-2CPSect-5.4 P-3CPSect-5.4 P-4CPSect-5.4 P-5CPSect-5.4 P-6CPSect-5.4 P-7CPSect-5.4 P-8CPSect-5.4 P-9CPSect-5.4 P-1SWUSect-5.4 P-2SWUSect-5.4 P-3SWUSect-5.4 P-4SWUSect-5.4 P-5SWUSect-5.4 P-6SWUSect-5.4 P-7SWUSect-5.4 P-1ESect-5.4 P-2ESect-5.4 P-3ESect-5.4 P-4ESect-5.4 P-5ESect-5.4 P-6ESect-5.4 P-7ESect-5.4 P-8ESect-5.4 P-9ESect-5.4 P-10ESect-5.4 P-11ESect-5.4 P-12ESect-5.4 P-13ESect-5.4 P-14ESect-5.4 P-15ESect-5.4 P-16ESect-5.4 P-17ESect-5.4 P-18ESect-5.4 P-19ESect-5.4 P-20ESect-5.4 P-21ESect-5.4 P-22ESect-5.4 P-23ESect-5.4 P-24ESect-5.4 P-25ESect-5.4 P-26ESect-5.4 P-27ESect-5.4 P-28ESect-5.4 P-29ESect-5.4 P-30ESect-5.4 P-31ESect-5.4 P-32ESect-5.4 P-33ESect-5.4 P-34ESect-5.4 P-35ESect-5.4 P-36ESect-5.4 P-37ESect-5.4 P-38ESect-5.4 P-39ESect-5.4 P-40ESect-5.4 P-41ESect-5.4 P-42ESect-5.4 P-43ESect-5.4 P-44ESect-5.4 P-45ESect-5.4 P-46ESect-5.4 P-47ESect-5.4 P-48ESect-5.4 P-49ESect-5.4 P-50ESect-5.4 P-51ESect-5.4 P-52ESect-5.4 P-53ESect-5.4 P-54ESect-5.4 P-55ESect-5.4 P-56ESect-5.4 P-57ESect-5.4 P-58ESect-5.4 P-59ESect-5.4 P-60ESect-5.4 P-61ESect-5.4 P-62ESect-5.4 P-63ESect-5.4 P-64ESect-5.4 P-65ESect-5.4 P-66ESect-5.4 P-67ESect-5.4 P-68ESect-5.4 P-69ESect-5.4 P-70ESect-5.4 P-71ESect-5.4 P-72ESect-5.4 P-73ESect-5.4 P-74ESect-5.4 P-75ESect-5.4 P-76ESect-5.4 P-77ESect-5.4 P-78ESect-5.4 P-79ESect-5.5 P-1CPSect-5.5 P-2CPSect-5.5 P-3CPSect-5.5 P-4CPSect-5.5 P-5CPSect-5.5 P-6CPSect-5.5 P-1SWUSect-5.5 P-2SWUSect-5.5 P-3SWUSect-5.5 P-4SWUSect-5.5 P-5SWUSect-5.5 P-6SWUSect-5.5 P-7SWUSect-5.5 P-8SWUSect-5.5 P-1ESect-5.5 P-2ESect-5.5 P-3ESect-5.5 P-4ESect-5.5 P-5ESect-5.5 P-6ESect-5.5 P-7ESect-5.5 P-8ESect-5.5 P-9ESect-5.5 P-10ESect-5.5 P-11ESect-5.5 P-12ESect-5.5 P-13ESect-5.5 P-14ESect-5.5 P-15ESect-5.5 P-16ESect-5.5 P-17ESect-5.5 P-18ESect-5.5 P-19ESect-5.5 P-20ESect-5.5 P-21ESect-5.5 P-22ESect-5.5 P-23ESect-5.5 P-24ESect-5.5 P-25ESect-5.5 P-26ESect-5.5 P-27ESect-5.5 P-28ESect-5.5 P-29ESect-5.5 P-30ESect-5.5 P-31ESect-5.5 P-32ESect-5.5 P-33ESect-5.5 P-34ESect-5.5 P-35ESect-5.5 P-36ESect-5.5 P-37ESect-5.5 P-38ESect-5.5 P-39ESect-5.5 P-40ESect-5.5 P-41ESect-5.5 P-42ESect-5.5 P-43ESect-5.5 P-44ESect-5.5 P-45ESect-5.5 P-46ESect-5.5 P-47ESect-5.5 P-48ESect-5.5 P-49ESect-5.5 P-50ESect-5.5 P-51ESect-5.5 P-52ESect-5.5 P-53ESect-5.5 P-54ESect-5.5 P-55ESect-5.5 P-56ESect-5.5 P-57ESect-5.5 P-58ESect-5.6 P-1CPSect-5.6 P-2CPSect-5.6 P-3CPSect-5.6 P-1SWUSect-5.6 P-2SWUSect-5.6 P-3SWUSect-5.6 P-4SWUSect-5.6 P-5SWUSect-5.6 P-6SWUSect-5.6 P-7SWUSect-5.6 P-8SWUSect-5.6 P-9SWUSect-5.6 P-10SWUSect-5.6 P-1ESect-5.6 P-2ESect-5.6 P-3ESect-5.6 P-4ESect-5.6 P-5ESect-5.6 P-6ESect-5.6 P-7ESect-5.6 P-8ESect-5.6 P-9ESect-5.6 P-10ESect-5.6 P-11ESect-5.6 P-12ESect-5.6 P-13ESect-5.6 P-14ESect-5.6 P-15ESect-5.6 P-16ESect-5.6 P-17ESect-5.6 P-18ESect-5.6 P-19ESect-5.6 P-20ESect-5.6 P-29ESect-5.6 P-30ESect-5.6 P-31ESect-5.6 P-33ECh-5 P-1RECh-5 P-2RECh-5 P-3RECh-5 P-4RECh-5 P-5RECh-5 P-6RECh-5 P-7RECh-5 P-8RECh-5 P-9RECh-5 P-10RECh-5 P-11RECh-5 P-12RECh-5 P-13RECh-5 P-14RECh-5 P-15RECh-5 P-16RECh-5 P-17RECh-5 P-18RECh-5 P-19RECh-5 P-20RECh-5 P-21RECh-5 P-22RECh-5 P-23RECh-5 P-24RECh-5 P-25RECh-5 P-26RECh-5 P-27RECh-5 P-28RECh-5 P-29RECh-5 P-30RECh-5 P-31RECh-5 P-32RECh-5 P-33RECh-5 P-34RECh-5 P-35RECh-5 P-36RECh-5 P-37RECh-5 P-38RECh-5 P-39RECh-5 P-40RECh-5 P-41RECh-5 P-42RECh-5 P-43RECh-5 P-44RECh-5 P-45RECh-5 P-46RECh-5 P-47RECh-5 P-48RECh-5 P-49RECh-5 P-50RECh-5 P-51RECh-5 P-52RECh-5 P-53RECh-5 P-54RECh-5 P-55RECh-5 P-56RECh-5 P-57RECh-5 P-58RECh-5 P-59RECh-5 P-60RECh-5 P-61RECh-5 P-62RECh-5 P-63RECh-5 P-64RECh-5 P-65RECh-5 P-66RECh-5 P-67RECh-5 P-68RECh-5 P-69RECh-5 P-70RECh-5 P-71RECh-5 P-72RECh-5 P-73RECh-5 P-74RECh-5 P-75RECh-5 P-76RECh-5 P-77RECh-5 P-78RECh-5 P-79RECh-5 P-80RECh-5 P-81RECh-5 P-82RECh-5 P-83RECh-5 P-84RECh-5 P-85RECh-5 P-86RECh-5 P-87RECh-5 P-88RECh-5 P-89RECh-5 P-90RECh-5 P-91RECh-5 P-92RECh-5 P-93RECh-5 P-94RECh-5 P-95RECh-5 P-96RECh-5 P-97RECh-5 P-98RECh-5 P-99RECh-5 P-100RECh-5 P-101RECh-5 P-102RECh-5 P-103RECh-5 P-104RECh-5 P-105RECh-5 P-106RECh-5 P-107RECh-5 P-108RECh-5 P-109RECh-5 P-110RECh-5 P-111RECh-5 P-112RECh-5 P-113RECh-5 P-114RECh-5 P-115RECh-5 P-1TYSCh-5 P-2TYSCh-5 P-3TYSCh-5 P-4TYSCh-5 P-5TYSCh-5 P-6TYSCh-5 P-7TYSCh-5 P-8TYSCh-5 P-9TYSCh-5 P-10TYSCh-5 P-11TYSCh-5 P-12TYSCh-5 P-13TYSCh-5 P-14TYSCh-5 P-15TYSCh-5 P-16TYSCh-5 P-17TYSCh-5 P-18TYSCh-5 P-19TYSCh-5 P-20TYSCh-5 P-21TYSCh-5 P-22TYS

Additional Math Solutions

Find more solutions based on key concepts

Show solutions add

Convert the expressions in Exercises 6584 to power form. 35x5x8+72x3

Finite Mathematics and Applied Calculus (MindTap Course List)

Evaluate each expression. (a) (3)4 (b) 34 (c) 34 (d) 523521 (e) (23)2 (f) 163/4

Precalculus: Mathematics for Calculus (Standalone Book)

In Exercises 4143, find the distance between the two points. 41. (2, 3) and (1, 7)

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

For the area of the shaded region, which integral form, dx or dy, should be used? a) dx b) dy c) Either...

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

Graph each function by using transformations. fx=-ex+2

College Algebra (MindTap Course List)

Draw a scatterplot for which r = 1.

Introduction To Statistics And Data Analysis