I'm really confused as to how to approach this problem. I know the product and quotient rules, but I'm still confused. Could someone please help me? Thanks!
It is estimated that the peron income is rising in Miami metropolitan area. In July 2001, the population of this area was 3,354,000 and increasing at roughly 45,000 per year. The average annual income was $21,107 per capita, and this average was increasing about $1900 per year (well above the national average of about $660). Use the Product Rule and these figures to estimate the rate at which total personal income was rising in Miami in July 2001. Explain the meaning of each term in the Product Rule.
2007-10-26
08:30:16
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2 answers
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asked by
sg88
1