Question: Disposable income is the amount available for spending and saving after taxes have been paid and is one gauge for the state of the economy.

Disposable income is the amount available for spending and saving after taxes have been paid and is one gauge for the state of the economy. By using U.S. Energy Administration data for selected years from 2010 and projected to 2040, the total U.S. disposable income, in billions, can be modeled by
D(t) = 10,020e0.02292t
where t is the number of years past 2010.
(a) Find the function that models the rate of change of disposable income.
(b) Find and interpret D(20) and D'(20).

Step by Step Solution

3.48 Rating (171 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Dt 10020e 002292t a Dt 10020e 002292t 002292 2297... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1386-M-C-L-A-D(4341).docx

120 KBs Word File

Students Have Also Explored These Related Calculus Questions!