Explanation Method used: Newton’s Method: 1. Pick an initial estimate x 0 of the root c. 2. Find a new estimate using the iterative formula x n + 1 = x n − f ( x n ) f ′ ( x n ) ( n = 0 , 1 , 2 , … ) . 3. Compute | x n + 1 − x n | . If this number is less than a prescribed positive number, stop. The required approximation to the root x = c is x = x n + 1 . Calculation: It is given that the demand of the wrist watch per month is given by the equation, p = d ( x ) = 50 0.01 x 2 + 1 … … ( 1 ) Also note that, price per watch the supplier willing to make is given by the equation, p = s ( x ) = 0.1 x + 20 … … ( 2 ) Substitute equation (1) in equation (2) as, 50 0.01 x 2 + 1 = 0.1 x + 20 ( 0.1 x + 20 ) ( 0.01 x 2 + 1 ) = 50 0.001 x 3 + 0.2 x 2 + 0.1 x + 20 = 50 0.001 x 3 + 0.2 x 2 + 0.1 x − 30 = 0 … … ( 3 ) Equate the equation (3) to f ( x ) as follows: f ( x ) = 0.001 x 3 + 0.2 x 2 + 0.1 x − 30 Differentiate f ( x ) with respect to x and obtain the value of f ′ ( x ) as, f ( x ) = 0.001 x 3 + 0.2 x 2 + 0.1 x − 30 f ′ ( x ) = 0.003 x 2 + 0.4 x + 0.1 Thus, the values of f ( x n ) , f ′ ( x n ) are as follows: f ( x n ) = 0.001 x n 3 + 0.2 x n 2 + 0.1 x n − 30 f ′ ( x n ) = 0.003 x n 2 + 0.4 x n + 0.1 Using the above formula and obtain the value of x n + 1 as follows: x n + 1 = x n − f ( x n ) f ′ ( x n ) = x n − 0.001 x n 3 + 0.2 x n 2 + 0.1 x n − 30 0.003 x n 2 + 0.4 x n + 0.1 Thus, x n + 1 = x n − 0.001 x n 3 + 0.2 x n 2 + 0.1 x n − 30 0.003 x n 2 + 0.4 x n + 0.1 . Let x 0 = 1 . Substitute n = 1 , x 0 = 1 in x n + 1 = x n − 0

Applied Calculus for the Managerial, Life, and Social Sciences (MindTap Course List)

10th Edition

ISBN: 9781305657861

Author: Soo T. Tan

Publisher: Cengage Learning

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Chapter 11.7, Problem 39E

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The equilibrium quantity and price of the wrist watches.

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Chapter 11.7, Problem 38E

Chapter 11.7, Problem 40E

Chapter 11 Solutions

Applied Calculus for the Managerial, Life, and Social Sciences (MindTap Course List)

Ch. 11.1 - Prob. 1CQ Ch. 11.1 - Prob. 2CQ Ch. 11.1 - Prob. 1E Ch. 11.1 - In Exercises 110, find the first three Taylor...Ch. 11.1 - Prob. 3E Ch. 11.1 - Prob. 4E Ch. 11.1 - Prob. 5E Ch. 11.1 - Prob. 6E Ch. 11.1 - Prob. 7E Ch. 11.1 - Prob. 8E

Ch. 11.1 - In Exercises 110, find the first three Taylor...Ch. 11.1 - Prob. 10E Ch. 11.1 - Prob. 11E Ch. 11.1 - Prob. 12E Ch. 11.1 - Prob. 13E Ch. 11.1 - Prob. 14E Ch. 11.1 - In Exercises 1120, find the nth Taylor polynomial...Ch. 11.1 - Prob. 16E Ch. 11.1 - Prob. 17E Ch. 11.1 - Prob. 18E Ch. 11.1 - Prob. 19E Ch. 11.1 - Prob. 20E Ch. 11.1 - Prob. 21E Ch. 11.1 - Prob. 22E Ch. 11.1 - Prob. 23E Ch. 11.1 - Prob. 24E Ch. 11.1 - Prob. 25E Ch. 11.1 - Prob. 26E Ch. 11.1 - Prob. 27E Ch. 11.1 - Prob. 28E Ch. 11.1 - Prob. 29E Ch. 11.1 - Prob. 30E Ch. 11.1 - Prob. 31E Ch. 11.1 - Prob. 32E Ch. 11.1 - Prob. 33E Ch. 11.1 - Prob. 34E Ch. 11.1 - Let f(x) = ex. a. Find a bound in the error...Ch. 11.1 - Prob. 36E Ch. 11.1 - Prob. 37E Ch. 11.1 - Prob. 38E Ch. 11.1 - Prob. 39E Ch. 11.1 - Prob. 40E Ch. 11.1 - Prob. 41E Ch. 11.1 - According to a joint study conducted by Oxnards...Ch. 11.1 - Prob. 43E Ch. 11.1 - Prob. 44E Ch. 11.1 - Prob. 45E Ch. 11.1 - Prob. 46E Ch. 11.2 - Prob. 1CQ Ch. 11.2 - Prob. 1E Ch. 11.2 - Prob. 2E Ch. 11.2 - Prob. 3E Ch. 11.2 - Prob. 4E Ch. 11.2 - Prob. 5E Ch. 11.2 - Prob. 6E Ch. 11.2 - Prob. 7E Ch. 11.2 - Prob. 8E Ch. 11.2 - Prob. 9E Ch. 11.2 - Prob. 10E Ch. 11.2 - Prob. 11E Ch. 11.2 - In Exercises 1021, find the nth term of the...Ch. 11.2 - Prob. 13E Ch. 11.2 - Prob. 14E Ch. 11.2 - Prob. 15E Ch. 11.2 - Prob. 16E Ch. 11.2 - Prob. 17E Ch. 11.2 - Prob. 18E Ch. 11.2 - Prob. 19E Ch. 11.2 - Prob. 20E Ch. 11.2 - Prob. 21E Ch. 11.2 - Prob. 22E Ch. 11.2 - Prob. 23E Ch. 11.2 - Prob. 24E Ch. 11.2 - Prob. 25E Ch. 11.2 - Prob. 26E Ch. 11.2 - Prob. 27E Ch. 11.2 - Prob. 28E Ch. 11.2 - Prob. 29E Ch. 11.2 - Prob. 30E Ch. 11.2 - Prob. 31E Ch. 11.2 - Prob. 32E Ch. 11.2 - Prob. 33E Ch. 11.2 - Prob. 34E Ch. 11.2 - Prob. 35E Ch. 11.2 - Prob. 36E Ch. 11.2 - Prob. 37E Ch. 11.2 - Prob. 38E Ch. 11.2 - Prob. 39E Ch. 11.2 - Prob. 40E Ch. 11.2 - Prob. 41E Ch. 11.2 - Prob. 42E Ch. 11.2 - Prob. 43E Ch. 11.2 - Prob. 44E Ch. 11.2 - Prob. 45E Ch. 11.2 - Prob. 46E Ch. 11.2 - Prob. 47E Ch. 11.2 - Prob. 48E Ch. 11.2 - Prob. 49E Ch. 11.2 - Prob. 50E Ch. 11.2 - Prob. 51E Ch. 11.2 - Prob. 52E Ch. 11.3 - Prob. 1CQ Ch. 11.3 - Prob. 2CQ Ch. 11.3 - Prob. 1E Ch. 11.3 - Prob. 2E Ch. 11.3 - Prob. 3E Ch. 11.3 - Prob. 4E Ch. 11.3 - Prob. 5E Ch. 11.3 - Prob. 6E Ch. 11.3 - Prob. 7E Ch. 11.3 - Prob. 8E Ch. 11.3 - Prob. 9E Ch. 11.3 - Prob. 10E Ch. 11.3 - Prob. 11E Ch. 11.3 - Prob. 12E Ch. 11.3 - Prob. 13E Ch. 11.3 - Prob. 14E Ch. 11.3 - Prob. 15E Ch. 11.3 - Prob. 16E Ch. 11.3 - Prob. 17E Ch. 11.3 - Prob. 18E Ch. 11.3 - Prob. 19E Ch. 11.3 - Prob. 20E Ch. 11.3 - Prob. 21E Ch. 11.3 - Prob. 22E Ch. 11.3 - Prob. 23E Ch. 11.3 - Prob. 24E Ch. 11.3 - Prob. 25E Ch. 11.3 - Prob. 26E Ch. 11.3 - Prob. 27E Ch. 11.3 - Prob. 28E Ch. 11.3 - Prob. 29E Ch. 11.3 - Prob. 30E Ch. 11.3 - Prob. 31E Ch. 11.3 - Prob. 32E Ch. 11.3 - Prob. 33E Ch. 11.3 - Prob. 34E Ch. 11.3 - Prob. 35E Ch. 11.3 - Prob. 36E Ch. 11.3 - Prob. 37E Ch. 11.3 - Prob. 38E Ch. 11.3 - Prob. 39E Ch. 11.3 - Prob. 40E Ch. 11.3 - Prob. 41E Ch. 11.3 - Prob. 42E Ch. 11.3 - Suppose that a dose of C units of a certain drug...Ch. 11.3 - Prob. 44E Ch. 11.3 - In Exercises 4548, determine whether the statement...Ch. 11.3 - Prob. 46E Ch. 11.3 - Prob. 47E Ch. 11.3 - Prob. 48E Ch. 11.4 - Prob. 1CQ Ch. 11.4 - Prob. 2CQ Ch. 11.4 - Prob. 3CQ Ch. 11.4 - Prob. 1E Ch. 11.4 - Prob. 2E Ch. 11.4 - Prob. 3E Ch. 11.4 - Prob. 4E Ch. 11.4 - Prob. 5E Ch. 11.4 - Prob. 6E Ch. 11.4 - Prob. 7E Ch. 11.4 - Prob. 8E Ch. 11.4 - Prob. 9E Ch. 11.4 - Prob. 10E Ch. 11.4 - Prob. 11E Ch. 11.4 - Prob. 12E Ch. 11.4 - Prob. 13E Ch. 11.4 - Prob. 14E Ch. 11.4 - Prob. 15E Ch. 11.4 - Prob. 16E Ch. 11.4 - Prob. 17E Ch. 11.4 - Prob. 18E Ch. 11.4 - Prob. 19E Ch. 11.4 - Prob. 20E Ch. 11.4 - Prob. 21E Ch. 11.4 - Prob. 22E Ch. 11.4 - Prob. 23E Ch. 11.4 - Prob. 24E Ch. 11.4 - Prob. 25E Ch. 11.4 - Prob. 26E Ch. 11.4 - Prob. 27E Ch. 11.4 - Prob. 28E Ch. 11.4 - Prob. 29E Ch. 11.4 - Prob. 30E Ch. 11.4 - Prob. 31E Ch. 11.4 - Prob. 32E Ch. 11.4 - Prob. 33E Ch. 11.4 - Prob. 34E Ch. 11.4 - Prob. 35E Ch. 11.4 - Prob. 36E Ch. 11.4 - Prob. 37E Ch. 11.4 - Prob. 38E Ch. 11.4 - Prob. 39E Ch. 11.4 - Prob. 40E Ch. 11.4 - Prob. 41E Ch. 11.4 - Prob. 42E Ch. 11.4 - Prob. 43E Ch. 11.4 - Prob. 44E Ch. 11.4 - Prob. 45E Ch. 11.4 - Prob. 46E Ch. 11.4 - Prob. 47E Ch. 11.4 - Prob. 48E Ch. 11.4 - Prob. 49E Ch. 11.4 - Prob. 50E Ch. 11.4 - Prob. 51E Ch. 11.4 - Prob. 52E Ch. 11.4 - Prob. 53E Ch. 11.4 - Prob. 54E Ch. 11.4 - Prob. 55E Ch. 11.4 - Prob. 56E Ch. 11.4 - Prob. 57E Ch. 11.4 - Prob. 58E Ch. 11.4 - Prob. 59E Ch. 11.4 - Prob. 60E Ch. 11.5 - Prob. 1CQ Ch. 11.5 - a. 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Chapter 11 Solutions