(a) The total reserves of a non-renewable resource are 400 million tons. Annual consumption, currently 25 million tons per year, is expected to rise by 1% each year. After how many years will the reserves be exhausted? (b) Instead of increasing by 1% per year, suppose con- sumption was decreasing by a constant percentage per year. If existing reserves are never to be ex- hausted, what annual percentage reduction in con- sumption is required?
(a) The total reserves of a non-renewable resource are 400 million tons. Annual consumption, currently 25 million tons per year, is expected to rise by 1% each year. After how many years will the reserves be exhausted? (b) Instead of increasing by 1% per year, suppose con- sumption was decreasing by a constant percentage per year. If existing reserves are never to be ex- hausted, what annual percentage reduction in con- sumption is required?
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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