ECN 104 Chapter Notes -Arri, Economic Equilibrium, Rede Ferroviária Nacional

4. (20 marks) (a) Find the first and second derivative of y = b (with b > 1). (b) Find the first and second derivative of y=cer

41) At West, recognized as the "jewel in Vancouver's culinary crown", reservations are essential. At Le Bistro Chez Michel, a restaurant in North Vancouver, reservations are recommended. At Vij's, a restaurant not too far from the University of British Columbia, reservations are not accepted. West allocates scarce table resources by Le Bistro Chez Michel allocates scarce table resources by and Vij's allocates scarce table resources by A) market price; market price and force; force B) first-come, first-served; first-come, first-served; first-come, first-served C) a command system; a combination of a command system and first-come, first-served; first-come, first-served D) personal characteristics; personal characteristics; first-come, first-served E) personal characteristics; personal characteristics and first-come, first-served; first-come, first-served

Question 5. (20 marks) Let f(1) be a function with first and second order derivatives f'(.) and f'(2). (a) What is the formula for the first order Taylor series or polynomial approximation to f(x) at a point a? (b) What is the formula for the first order Taylor series or polynomial approximation to f(x) at a point a? (c) Find the first and second order polynomial approximations of y = x1/2 at the point r= 1. (d) Use these to estimate and compare your results to the true value of 1.1.