Section 5.4: Applications of the definite integral: distribution of wealth and average value

1. Find area between two curves, and use it to compute net excess profit and distribution of wealth (Lorenz curves).
2. Find the average value of a function.

Annotated slides for Section 5.4.

• Math_1231_slides_5_4_notes.pdf

Please watch the following videos with the prerecorded content for Section 5.4.

1. Area between curves
2. Area between curves: Example 1
3. Area between curves: Example 2
4. Area of compound regions (with example)
5. Net excess profit (with example)
6. Wealth distribution and the Gini index (with example)
7. Average value of a function (with example)