Section 5.5: More applications of the definite integral to Economics, Business and Finance

1. Use integration to compute the future and present value of an income flow.
2. Define consumer willingness to spend as a definite integral, and use it to study consumers' surplus and producers' surplus.

Annotated slides for Section 5.5.

• Math_1231_slides_5_5_notes.pdf

Please watch the following videos with the prerecorded content for Section 5.5.

1. Useful life of a machine
2. Future value of an income stream
3. Present value of an income stream
4. Consumer willingness to spend
5. Consumers' and Producers' surplus