Q5 The rate of change of the function f(x) =x + 2 /1 − 8xwith respect to x when x = 1. (ii) The number of units Q of a particular commodity that will be produced with K thousand dollars of capital expenditure is modeled by Q(K) = 500 K^2/3. Suppose that capital expenditure varies with time in such a way that t months from now there will be K(t) thousand dollars of capital expenditure,where K(t) =2t4 + 3t + 149 /t + 2 (a) What will be the capital expenditure 3 months from now? How many units will be produced at this time? (b) At what rate will production be changing with respect to time 5 months from now? Will production be increasing or decreasing at this time?
Q5 The rate of change of the function f(x) =x + 2 /1 − 8xwith respect to x when x = 1. (ii) The number of units Q of a particular commodity that will be produced with K thousand dollars of capital expenditure is modeled by Q(K) = 500 K^2/3. Suppose that capital expenditure varies with time in such a way that t months from now there will be K(t) thousand dollars of capital expenditure,where K(t) =2t4 + 3t + 149 /t + 2 (a) What will be the capital expenditure 3 months from now? How many units will be produced at this time? (b) At what rate will production be changing with respect to time 5 months from now? Will production be increasing or decreasing at this time?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Q5
The rate of change of the function f(x) =x + 2 /1 − 8x
with respect to x when x = 1.
(ii) The number of units Q of a particular commodity that will be produced with K thousand dollars of capital expenditure is modeled by Q(K) = 500 K^2/3.
Suppose that capital expenditure varies with time in such a way that t months from now
there will be K(t) thousand dollars of capital expenditure,where
K(t) =2t4 + 3t + 149 /t + 2
(a) What will be the capital expenditure 3 months from now? How many units will be produced
at this time?
(b) At what rate will production be changing with respect to time 5 months from now?
Will production be increasing or decreasing at this time?
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