MthSc 207 Chapter 9 Review D(g,p) 1. D(g,p) represents the demand (in thousand passengers) for air travel between the US and Europe when g is the gross national product (in billion dollars) and p is the price of a roundtrip ticket (in dollars). a) Find a cross-sectional model that could be used to find D(2900, 725). Define the model completely. b) Using your model from part a, find D(g,p) when g = 2900 and p = 725. c) Use the derivative of the model that you found in part a to find ∂D ∂p . Give units (2900,725) with your answer. d) Draw the D(g,p) = 6000 contour on the table at the top of the page. Revised: August 2003 1 e) The multivariable equation for this function is D(g,p) = 15.4406g1.905p-1.247 . (This will be different from the cross-sectional model that you found in part a.) Use this model to find the formulas for Dg and Dp. f) Complete the chart below using the equation from part e. Then draw the 6000 contour curve on the axes provided. Label the axes. D(g,p) = 6000 g p 1400 1700 2000 2300 2600 2900 2000 1500 1000 925 500 0 1400 1700 2000 2300 2600 2900 g) Draw the tangent to the 6000 contour curve at g = 2000, p = 925. h) Find the slope of the tangent line that you drew in part f. Use math8 on your calculator or use the partial derivative formulas that you found in part e. i) If the gnp falls from 2000 to 1800, estimate the change in the price necessary to compensate and keep the demand at 6000. Do not use solve. Estimate using your answer to part h. Show your work. j) How does the 6000 contour curve that you graphed in part e compare to the 6000 contour curve that you drew on the table in part c? Revised: August 2003 2 2. Your body-mass index is a measurement of how thin you are compared to your height. A person’s body-mass index1 is given by B(h, w) = 0.45w points or B(h, w) ≈ 697.5wh–2 points 0.00064516h2 where h is your height in inches and w is your weight in pounds. Table: Body-mass index of a person h inches tall who weighs w pounds height h in inches 60 62 64 66 68 70 72 74 76 78 90 17.44 16.33 15.33 14.41 13.58 12.81 12.11 11.46 10.87 10.32 100 19.38 18.15 17.03 16.01 15.08 14.23 13.45 12.74 12.08 11.46 weight 110 21.31 19.96 18.73 17.61 16.59 15.66 14.80 14.01 13.28 12.61 w in 120 23.25 21.77 20.43 19.21 18.10 17.08 16.15 15.28 14.49 13.76 pounds 130 25.19 23.59 22.14 20.82 19.61 18.51 17.49 16.56 15.70 14.90 140 27.13 25.40 23.84 22.42 21.12 19.93 18.84 17.83 16.91 16.05 150 29.06 27.22 25.54 24.02 22.63 21.35 20.18 19.11 18.11 17.20 160 31.00 29.03 27.25 25.62 24.13 22.78 21.53 20.38 19.32 18.34 170 32.94 30.85 28.95 27.22 25.64 24.20 22.87 21.65 20.53 19.49 180 34.88 32.66 30.65 28.82 27.15 25.62 24.22 22.93 21.74 20.64 190 36.81 34.48 32.35 30.42 28.66 27.05 25.56 24.20 22.94 21.78 200 38.75 36.29 34.06 32.02 30.17 28.47 26.91 25.47 24.15 22.93 210 40.69 38.10 35.76 33.63 31.68 29.89 28.26 26.75 25.36 24.08 220 42.63 39.92 37.46 35.23 33.19 230 44.56 41.73 240 46.50 43.55 40.87 38.43 36.20 34.16 32.29 30.57 28.98 27.51 250 48.44 45.36 42.57 40.03 37.71 35.59 33.64 31.84 31.32 29.60 28.02 26.57 25.22 39.17 36.83 34.69 32.74 30.95 29.30 27.77 26.37 30.19 28.66 Check your calculator typing of the function with B(54, 203)= 48.55719588.] Units of measure should be included with all numerical answers, models, and derivative formulas. Round all answers to three decimal places unless otherwise directed. Revised: August 2003 3 1. Find the body-mass index for Sparky who is 5’10” tall and who weighs 200 pounds. Round the BMI to the nearest whole number. Answer = _____________ B(h, w) 2.points Locate Sparky’s height, weight, and 45 BMI on the contour graph to the right 35 by placing a visible dot on the contour 25 graph at the proper location. 15 60 64 68 72 h inches 76 100 140 250 220 180 w pounds w pounds 250 45 40 35 220 30 25 180 20 140 100 15 60 64 68 72 76 h inches 3. Draw, on the table on the previous page, the contour curve where B(h, w) equals the value in question 1. (Use a pencil, and be sure to “smooth out” the contour.) 4. Use the equation for B(h, w) and the solver on your calculator to draw the contour curve where B(h, w) equals Sparky’s BMI value in question 1. Show a table of at least 6 values in your work. Report your values rounded to the nearest tenth. w B(h,w) = _____ h w (pounds) 62 64 66 68 70 72 h (inches) 5. Suppose Sparky grows 2 inches in height. Locate Sparky’s current height on the contour curve that you drew in #4. Show the 2” growth as an arrow beginning on the contour curve. Show graphically, with another arrow drawn from the tip of the first arrow, the change in weight required to maintain Sparky’s current body-mass index. Estimate from the graph the change in the weight. Revised: August 2003 4 6. Find the formulas for the partial derivatives of B(h, w) with respect to the inputs h and w. Bh Bw 7. Evaluate the partial derivatives of B(h, w) at Sparky’s original height and weight (5’ 10”, 200). Include units. If you use your calculator, show what you’ve typed on your calculator. Bh Bw 8. Find dw at the point on the contour curve corresponding to Sparky’s original height and dh weight. Include units. 9. Draw the tangent line at Sparky’s original height and weight on the contour curve you graphed in question 2. Is the slope of the tangent line positive or negative? Does the slope of the line appear to be the value you found for 10. Use dw ? dh dw to estimate the weight change needed to compensate for a 2-inch growth if dh Sparky’s body-mass index is to remain constant. How does this value compare with the estimated value you found in question 3? Revised: August 2003 5
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