
Concept explainers
Income streams Suppose that a machine’s production is considered a continuous income stream with an annual rate of flow at time t given by
(a) Find the present value of the machines production over the next 5 years.
(b) Find the future value of the production 5 years from now.
Consumer’s and producer’s surplus The demand function for a product under pure competition is

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Chapter 13 Solutions
MATH APPS
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