, where P is the number of bears at time t in years. dt (a) Given P (i) Find

Similar documents
Objectives for Exponential Functions Activity

Solve each equation Solve each equation. lne 38. Solve each equation.

Ma 093 and MA 117A - Exponential Models. Topic 1 Compound Interest

Population growth and intra-specific competition in duckweed

Economics 301 Fall Name. Answer all questions. Each sub-question is worth 7 points (except 4d).

FINAL EXAM EC26102: MONEY, BANKING AND FINANCIAL MARKETS MAY 11, 2004

Appendix B: DETAILS ABOUT THE SIMULATION MODEL. contained in lookup tables that are all calculated on an auxiliary spreadsheet.

Cubic and Quartic Models

San Francisco State University ECON 560 Summer 2018 Problem set 3 Due Monday, July 23

OPTIMUM FISCAL AND MONETARY POLICY USING THE MONETARY OVERLAPPING GENERATION MODELS

Problem Set 1 Answers. a. The computer is a final good produced and sold in Hence, 2006 GDP increases by $2,000.

ECONOMIC GROWTH. Student Assessment. Macroeconomics II. Class 1

Problem 1 / 25 Problem 2 / 25 Problem 3 / 30 Problem 4 / 20 TOTAL / 100

Financial Econometrics (FinMetrics02) Returns, Yields, Compounding, and Horizon

Problem 1 / 25 Problem 2 / 25 Problem 3 / 11 Problem 4 / 15 Problem 5 / 24 TOTAL / 100

Fundamental Basic. Fundamentals. Fundamental PV Principle. Time Value of Money. Fundamental. Chapter 2. How to Calculate Present Values

UCLA Department of Economics Fall PhD. Qualifying Exam in Macroeconomic Theory

You should turn in (at least) FOUR bluebooks, one (or more, if needed) bluebook(s) for each question.

Economic Growth Continued: From Solow to Ramsey

Empirical analysis on China money multiplier

Multiple Choice Questions Solutions are provided directly when you do the online tests.

Dynamic Programming Applications. Capacity Expansion

Final Exam Answers Exchange Rate Economics

The Mathematics Of Stock Option Valuation - Part Four Deriving The Black-Scholes Model Via Partial Differential Equations

INSTITUTE OF ACTUARIES OF INDIA

Spring 2011 Social Sciences 7418 University of Wisconsin-Madison

Question 1 / 15 Question 2 / 15 Question 3 / 28 Question 4 / 42

Unemployment and Phillips curve

1.2 A CATALOG OF ESSENTIAL FUNCTIONS

Exponential Functions Last update: February 2008

LIDSTONE IN THE CONTINUOUS CASE by. Ragnar Norberg

CHAPTER 3 How to Calculate Present Values. Answers to Practice Questions

Financial Econometrics Jeffrey R. Russell Midterm Winter 2011

Process of convergence dr Joanna Wolszczak-Derlacz. Lecture 4 and 5 Solow growth model (a)

The macroeconomic effects of fiscal policy in Greece

Finance Solutions to Problem Set #6: Demand Estimation and Forecasting

1. To express the production function in terms of output per worker and capital per worker, divide by N: K f N

A DYNAMIC THEORY OF FISHERIES INVESTMENT. Keywords: Fisheries investment, discounting, Clark-Munro rule, fisheries transition.

ASSIGNMENT BOOKLET. M.Sc. (Mathematics with Applications in Computer Science) Mathematical Modelling (January 2014 November 2014)

a. If Y is 1,000, M is 100, and the growth rate of nominal money is 1 percent, what must i and P be?

Quadratic Function Models

IJRSS Volume 2, Issue 2 ISSN:

Erratic Price, Smooth Dividend. Variance Bounds. Present Value. Ex Post Rational Price. Standard and Poor s Composite Stock-Price Index

Bond Prices and Interest Rates

Introduction. Enterprises and background. chapter

May 2007 Exam MFE Solutions 1. Answer = (B)

How Risky is Electricity Generation?

DEBT INSTRUMENTS AND MARKETS

INSTITUTE OF ACTUARIES OF INDIA

Chapter 4 Introduction to Valuation: The Time Value of Money

USE REAL-LIFE DATA TO MOTIVATE YOUR STUDENTS 1

Exam 1. Econ520. Spring 2017

1. (S09T3) John must pay Kristen 10,000 at the end of 1 year. He also must pay Ahmad 30,000 at the end of year 2.

Market and Information Economics

a) No constraints on import- export, no limit on reservoir, all water in the first period The monopoly optimisation problem is:

STATIONERY REQUIREMENTS SPECIAL REQUIREMENTS 20 Page booklet List of statistical formulae New Cambridge Elementary Statistical Tables

Advanced Tools for Risk Management and Asset Pricing

ECON Lecture 5 (OB), Sept. 21, 2010

MORNING SESSION. Date: Wednesday, April 26, 2017 Time: 8:30 a.m. 11:45 a.m. INSTRUCTIONS TO CANDIDATES

Output: The Demand for Goods and Services

Data Mining Anomaly Detection. Lecture Notes for Chapter 10. Introduction to Data Mining

Data Mining Anomaly Detection. Lecture Notes for Chapter 10. Introduction to Data Mining

1. (S09T3) John must pay Kristen 10,000 at the end of 1 year. He also must pay Ahmad 30,000 at the end of year 2.

A Theory of Tax Effects on Economic Damages. Scott Gilbert Southern Illinois University Carbondale. Comments? Please send to

Description of the CBOE S&P 500 2% OTM BuyWrite Index (BXY SM )

Macroeconomics. Part 3 Macroeconomics of Financial Markets. Lecture 8 Investment: basic concepts

Two ways to we learn the model

Optimal Early Exercise of Vulnerable American Options

ANSWER ALL QUESTIONS. CHAPTERS 6-9; (Blanchard)

Inventory Investment. Investment Decision and Expected Profit. Lecture 5

Technological progress breakthrough inventions. Dr hab. Joanna Siwińska-Gorzelak

Description of the CBOE Russell 2000 BuyWrite Index (BXR SM )

Evaluating Projects under Uncertainty

PARAMETER ESTIMATION IN A BLACK SCHOLES

Macroeconomics II A dynamic approach to short run economic fluctuations. The DAD/DAS model.

ECO 301 MACROECONOMIC THEORY UNIVERSITY OF MIAMI DEPARTMENT OF ECONOMICS PRACTICE FINAL EXAM Instructor: Dr. S. Nuray Akin

Problem 1 / 25 Problem 2 / 25 Problem 3 / 30 Problem 4 / 20 TOTAL / 100

NASDAQ-100 DIVIDEND POINT INDEX. Index Methodology

An enduring question in macroeconomics: does monetary policy have any important effects on the real (i.e, real GDP, consumption, etc) economy?

Pricing Vulnerable American Options. April 16, Peter Klein. and. Jun (James) Yang. Simon Fraser University. Burnaby, B.C. V5A 1S6.

Organize your work as follows (see book): Chapter 3 Engineering Solutions. 3.4 and 3.5 Problem Presentation

CENTRO DE ESTUDIOS MONETARIOS Y FINANCIEROS T. J. KEHOE MACROECONOMICS I WINTER 2011 PROBLEM SET #6

DYNAMIC ECONOMETRIC MODELS Vol. 7 Nicolaus Copernicus University Toruń Krzysztof Jajuga Wrocław University of Economics

The Simple Analytics of Price Determination

12. Exponential growth simulation.

by Dr. Mizanur Rahman Professor of Accounting & Public Policy University of Dhaka

Money in a Real Business Cycle Model

MA Advanced Macro, 2016 (Karl Whelan) 1

Section 4 The Exchange Rate in the Long Run

Elton, Gruber, Brown, and Goetzmann. Modern Portfolio Theory and Investment Analysis, 7th Edition. Solutions to Text Problems: Chapter 21

Midterm Exam. Use the end of month price data for the S&P 500 index in the table below to answer the following questions.

Fitness of Use Criteria for Price Index Deflators in National Income Accounting A Case Study: Mutual Stock Fund Management

Monetary policy and multiple equilibria in a cash-in-advance economy

Alexander L. Baranovski, Carsten von Lieres and André Wilch 18. May 2009/Eurobanking 2009

Macroeconomics II THE AD-AS MODEL. A Road Map

Chapter 12 Fiscal Policy, page 1 of 8

Aggregate Demand Aggregate Supply 1 Y. f P

4452 Mathematical Modeling Lecture 17: Modeling of Data: Linear Regression

The relation between U.S. money growth and inflation: evidence from a band pass filter. Abstract

Principles of Finance CONTENTS

Transcription:

CALCULUS BC WORKSHEET ON LOGISTIC GROWTH Work he following on noebook paper. Do no use your calculaor. 1. Suppose he populaion of bears in a naional park grows according o he logisic differenial equaion 5P 0.00P, where P is he number of bears a ime in years. (a) Given P 0 100. lim. (b) Given 1500. lim. (c) Given 3000. lim. (d) How many bears are in he park when he populaion of bears is growing he fases?. Suppose a rumor is spreading hrough a dance a a rae modeled by he logisic differenial P equaion P 3. Wha is lim? Wha does his number represen in 000 he conex of his problem? TURN->>>

3. (From he 1998 BC Muliple Choice) The populaion of a species saisfies he logisic differenial equaion P P, 5000 where he iniial populaion is is lim? 3000 and is he ime in years. Wha (A) 500 (B) 3000 (C) 400 (D) 5000 (E) 10,000 4. Suppose a populaion of wolves grows according o he logisic differenial equaion 3P 0.01P, where P is he number of wolves a ime in years. Which of he following saemens are rue? lim 300 I. II. The growh rae of he wolf populaion is greaes a P = 150. III. If P > 300, he populaion of wolves is increasing. (A) I only (B) II only (C) I and II only (D) II and III only (E) I, II, and III 5. Suppose ha a populaion develops according o he logisic equaion 0.05P 0.0005P where is measured in weeks. (a) Wha is he carrying capaciy? (b) A slope field for his equaion is shown a he righ. Where are he slopes close o 0? Where are hey larges? Which soluions are increasing? Which soluions are decreasing? (c) Use he slope field o skech soluions for iniial populaions of 0, 60, and 10. Wha do hese soluions have in common? How do hey differ? Which soluions have inflecion poins? A wha populaion level do hey occur? 6. (a) On he slope field shown on he righ for 3P 3P, skech hree soluion curves showing differen ypes of behavior for he populaion P. (b) Describe he meaning of he shape of he soluion curves for he populaion. Where is P increasing? Decreasing? Wha happens in he long run? Are here any inflecion poins? Where? Wha do hey mean for he populaion?

CALCULUS BC WORKSHEET ON LOGISTIC GROWTH Work he following on noebook paper. Use your calculaor on (b) and (c), 3(c) and (d), and 4(b) and (c) only. 1. Suppose you are in charge of socking a fish pond wih fish for which he rae of populaion growh is modeled by he differenial equaion 8P 0.0P. (a) Given 50. lim. (vi) Use he informaion you found o skech he graph of. (b) Given 300. lim. (c) Given 500. lim. (vi) Use he informaion you found o skech he graph of.. A populaion of animals is modeled by a funcion P ha saisfies he logisic differenial equaion 0.01P 100 P, where is measured in years. (a) If P 0 0, solve for P as a funcion of. (b) Use your answer o (a) and your graphing calculaor o find P when = 3 years. (c) Use your answer o (a) and your graphing calculaor o find when P = 80 animals. TURN->>>

3. The rae a which a rumor spreads hrough a high school of 000 sudens can be modeled by he differenial equaion 0.003P 000 P, where P is he number of sudens who have heard he rumor hours afer 9AM. (a) How many sudens have heard he rumor when i is spreading he fases? Jusify your answer. (b) If P 0 5, solve for P as a funcion of. (c) Use your answer o (b) and your graphing calculaor o deermine how many hours have passed when half he suden body has heard he rumor. (d) Use your answer o (b) and your graphing calculaor o deermine how many sudens have heard he rumor afer hours. 4. A cerain naional park is known o be capable of supporing no more han 100 grizzly bears. Ten bears are in he park a presen. The populaion growh of bears can be modeled by he logisic differenial equaion 0.1P 0.001P, where is measured in years. (a) Solve for P as a funcion of. (b) Use your soluion o (a) and your graphing calculaor o find he number of bears in he park when = 3 years. (c) Use your soluion o (a) and your graphing calculaor o find how many years i will ake for he bear populaion o reach 50 bears. 5. Suppose a rumor is spreading a a dance aended by 00 sudens. The rumor is spreading a a rae ha is direcly proporional o boh he number of sudens who have heard he rumor and he number of sudens who have no heard he rumor. Le P be he number of sudens who have heard he rumor, and le be he ime in minues since he rumor began o spread. (a) Wrie a differenial equaion o model his rae of change. P 0 10 and P 15 50, solve for P as a funcion of. (b) If

Answers o Workshee 1 on Logisic Growh 1. (a) (i) 500 (ii) [100, 500) (iii) increasing for (100, 500) (iv) concave up for (100, 150) and concave down for (150, 500) (v) yes, IP when P = 150 (b) (i) 500 (ii) [1500, 500) (iii) increasing for (1500, 500) (iv) concave down for (1500, 500) (c) (i) 500 (ii) (500, 3000] (iii) decreasing for (500, 3000) (iv) concave up for (500, 3000). 6000; here are 6000 people a he dance. 3. E 4. C 5. (a) 100 (b) Close o 0? P = 0 and P = 100 Larges? P = 50 Increasing? P 0 100 Decreasing? 100 (c) In common? All have a limi of 100. Differ? Two are increasing; one is decreasing. Inflecion poins? The one wih iniial condiion of 0. A wha pop. level does he inflecion poin occur? When P = 50. 6. (a) skech (b) Increasing? P 0 1 Decreasing? In he long run? P 0 1 lim 1 Any inflecion poins? Yes Where? When P 0 0.5 Wha do hey mean for he populaion? The populaion is growing he fases when P 0 0.5.

Answers o Workshee on Logisic Growh 1.(a) (i) 400 (ii) [50, 400) (iii) increasing for (50, 400) (iv) concave up for (50, 00) and concave down for (00, 400) (v) yes, IP when P = 00 (b) (i) 400 (ii) [300, 400) (iii) increasing for (300, 400) (iv) concave down for (300, 400) (c) (i) 400 (ii) (400, 500] (iii) decreasing for (400, 500) (iv) concave up for (400, 500) 100e 100. (a) P or P e 4 1 4 (b) 83.393 animals (c).773 years e 3. (a) 1000 sudens 6 000e 000 (b) P or P 6 6 e 399 1 399e (c) 0.998 hours (d) 1995.1089 so 1995 people 4. (a) 0.1 100e 100 P or P e (b) 13.04 or 13 bears (c) 1.97 years 0.1 0.1 9 1 9e kp P 5. (a) 00 (b) 00k 00e 00 1 19 00k 00k e 19 1 19e 3000 3 P or P, where k ln.0006