The accompanying graph gives the production P( y),
Chapter 9, Problem 9.2.16(choose chapter or problem)
The accompanying graph gives the production P( y), consumption C(y), and exports (or imports) E(y) of petroleum (in thousands of barrels/day) in Canada for years, y, between 1980 and 2008. a. In both 1980 and 1981, consumption, C(y), exceeded production, P(y). What does that imply about exports (or imports), E(y), during those years? How does the graph verify your answer? b. Estimate the value each of the following: i. P(1980) C(1980) E(1980) ii. P(2000) C(2000) E(2000) iii. P(2008) C(2008) E(2008) c. What does P(y) C(y) E(y) represent in terms of petroleum in Canada? d. What would it mean if P(y) C(y) 0? e. What would it mean if P(y) C(y) 0? 17.
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