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Let f(x) = x3 - 2x - 7,
(a) show that a root of this function lies in the interval (1, 3),
(b) Determine the equation of the tangent line to this curve at x =2 and determine its x-intercept.
(c) Determine the equation of the tangent line to the curve at the x-intercept found in (b) and determine the x-intercept of this tangent line.
(d) Determine the equation of the tangent line to the curve at the x-intercept found in (c) and its x-intercept.
(e) Continue the above and produce a root of the given function to six decimal places.
Now assume that after the increase in the money stock, the domestic interest rate decreases between time t and time t + n. Again assume that the foreign interest rate is unchanged. As compared to your answer to part (d), what happens to the exchan..
Draw the marginal-benefit and marginal-cost curves and show the optimum level of pollution abatement. (Related to Application 1 on page 663.)
An Economics section at a large university keeps track of its majors beginning salaries. We address the question of the value of taking econometrics
Today the average undergraduate student is responsible for paying off a $3,500 balance on his credit card. Suppose the monthly interest rate is 1.75% (21% APR). How many months will it take to repay the $3,500 balance
An economy consists of two regions, the North and the South. The short-run elasticity of labor demand in each region is -0.5. Labor supply is perfectly inelastic within both regions. The labor market is initially in an economywide equilibrium
Part of the policy response to the crisis was an extension of the length of time that an unemployed worker could receive unemployment benefits. How would you predict this change would affect the proportion of those unemployed more than six months?
Does the spending of a private university get factored into GDP What about the spending of a public university If GDP = C + I + G + NX, which variable (if any) would private/public university spending be a part of
Five members in a family own a farm in rural Mexico. 2 people = $1600 TFO. 3 people =$3000 TFO. 4 people = $2300 TFO and 5 people = $2500 TFO. Each member has the opportunity to migrate to the nearest city where there are two different types of job..
Compute the discount factor 1/(1+r)^t for r=1, 5, or 10 perent interest rates and t=30 and 50 years. remember that 1 percent is .01. based on your computation, is teh choice of discount factor important for deciding whether to do somehtinga bout g..
To dig a hole, it takes one person (P) and one shovel (S). The total number of holes dug is given by the production function h=f(P,S)=min(P,S). If you currently have 2 persons and 4 shovels, what is the marginal product of persons
Consider two duopolists whose cost functions are Ci = 10qi, i = 1, 2, where Ci and qi are their costs and outputs, respectively. The two duopolists have identical products and face a market demand function
the city council of collegeville receives a petition from students complaining about the high rents in town. As s result the council creates a price ceiling that is $100 below the equilibrium price. What is the new market price
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