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Question

Personal consumption expenditures (in billions of dollars) for several types of recreation from 2012 through 2017 are shown in the table, where xx is the expenditures on amusement parks and campgrounds, yy is the expenditures on live entertainment (excluding sports), and zz is the expenditures on spectator sports.

Year 2012 2013 2014 2015 2016 2017
x 44.3 46.8 49.8 54.2 57.9 61.9
y 24.9 24.8 26.5 28.9 30.7 32.6
z 20.9 22.1 23.2 23.1 24.2 26.1

A model for the data is given by

z = 0.54x - 0.6y + 11.98

Find zx\frac{\partial z}{\partial x} and zy\frac{\partial z}{\partial y}.

Solution

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Answered 10 months ago
Answered 10 months ago
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This is the first part of a two-part exercise, in which, based on collected data, we are given a model for zz, expenditures on spectator sports, which is interpreted as a function of two variables:

  • xx, expenditures on amusement parks and campgrounds,
  • yy, expenditures on live entertainment excluding sports.

The model is

z(x,y)=0.54x0.6y+11.98z(x,y)=0.54x-0.6y+11.98

Our job here is to find the two first partial derivatives, z/x\partial z/\partial x and z/y\partial z/\partial y.

How are partial derivatives calculated?

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