Math 106-01: Calculus II: Reading Homework 8.4

1. Applications to Economics : what is the type of problem this section considers?
   
   1. Present and Future Value : what are the present and future value of something?
      
      1. interest rates : how are present and future value related for annual, compounded, and continuously compounded interest?
         
   2. Income : what is the logic behind considering income being a continuous stream?
      
      1. present and future value : how are the present and future of a continuous income stream calculated? how is this related to finding work done?
         
   3. Supply and Demand : what are supply and demand curves? who are they related to the equilibrium price and quantity?
      
      1. consumer and producer surplus : what are these quantities? how are they related to the supply and demand curves?