In this exercise we estimate the rate at which the total personal income is rising in Boulder,

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In this exercise we estimate the rate at which the total personal income is rising in Boulder, Colorado. In 2015, the population of this city was 107,350 and the population was increasing by roughly 1960 people per year. The average annual income was $60,220 per capita, and this average was increasing at about $2250 per year (a little above the national average of about $1810 yearly). Use the Product Rule and these figures to estimate the rate at which total personal income was rising in Boulder in 2015. Explain the meaning of each term in the Product Rule.

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Calculus Early Transcendentals

ISBN: 9781337613927

9th Edition

Authors: James Stewart, Daniel K. Clegg, Saleem Watson, Lothar Redlin

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