The price per barrel of crude oil in the period 1980-2013, in constant 2014 dollars, can be approximated by P(t) = 0.27t2 - 8.6t + 93 dollars (0 sts 33), where t is time in years since the start of 1980.t Find P'(t) and P'(29). P'(t) P'(29) = $ per year What does the second answer tell you about the price of crude oil? Hint [See Example 2.] The price of a barrel of crude oil was increasing at a rate ofS per year in

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter4: Calculating The Derivative
Section4.EA: Extended Application Managing Renewable Resources
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The price per barrel of crude oil in the period of 1980-2013, in constant 2014 dollars, can be approximated by P(t)=0.27t^2-8.6t+93 dollars (0
The price per barrel of crude oil in the period 1980-2013, in constant 2014 dollars, can be approximated by
P(t) = 0.27t - 8.6t + 93 dollars (0 st s 33),
where t is time in years since the start of 1980.† Find P'(t) and P'(29).
P'(t) =
P'(29) = $
per year
What does the second answer tell you about the price of crude oil? Hint [See Example 2.]
The price of a barrel of crude oil was increasing at a rate of $
per year in
Transcribed Image Text:The price per barrel of crude oil in the period 1980-2013, in constant 2014 dollars, can be approximated by P(t) = 0.27t - 8.6t + 93 dollars (0 st s 33), where t is time in years since the start of 1980.† Find P'(t) and P'(29). P'(t) = P'(29) = $ per year What does the second answer tell you about the price of crude oil? Hint [See Example 2.] The price of a barrel of crude oil was increasing at a rate of $ per year in
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