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Question

Consider the production of gold during the California gold rush (1848–1888). The production of gold can be modeled by G(t)=(25t)(t2+16),G(t)=\frac{(25 t)}{\left(t^{2}+16\right)}, where t is the number of years since the rush began (0t40)(0 \leq t \leq 40) and G is ounces of gold produced (in millions). Find when the minimum (local and global) gold production occurred. What was the amount of gold produced during this minimum?

Solution

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Step 1
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Step 1. We are searching for extrema on a bounded interval [0,40][0,40]. First evaluate at the endpoints

G(0)=0,G(40)=0.62.G(0) = 0, \quad G(40) = 0.62.

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