A second study of the country in Exercise 54 indicates that natural restrictive forces are at work
Question:
A second study of the country in Exercise 54 indicates that natural restrictive forces are at work that make the actual rate of growth
instead of the exponential rate P'1(t) = 10e0.02t. If this rate is correct, how much smaller will the population be in the year 2015 than if the exponential rate were correct?
Data from Exercises 54
The population of a third-world country grows exponentially at the unsustainable rate of P'1(t) = 10e0.02t thousand people per year where t is the number of years after 2005. A study indicates that if certain socioeconomic changes are instituted in this country, then the population will instead grow at the restricted rate P'2(t) = 10 + 0.02t + 0.002t2 thousand people per year. How much smaller will the population of this country be in the year 2015 if the changes are made than if they are not?
Step by Step Answer:
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price