Exam 2 Review 1190

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School

Richland Community College *

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Course

1190

Subject

Economics

Date

Jul 3, 2024

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docx

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8

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Exam 2 Review -1190 1. Find y x for y = 5 x 3 x A. y x = 15 x 2 x B. y x = 15 x 2 x + 5 x 3 x C. y x = 15 x 2 e D. y x = 5 x 3 x E. y x = 15 x 2 x 5 x 3 x 2. Find x ln ( x 2 + 6 x ) A. ln ( 2 x + 6 ) B. x 2 + 6 2 x + 6 C. 1 2 x + 6 D. 2 x + 6 x 2 + 6 E. ( 2 x + 6 ) ln ¿ ) 3. If D ( x )= g ( f ( x )) , x f ( x ) f ' ( x ) g ( x ) g ' ( x ) 3 5 -2 -4 9 1 -4 10 -10 12 -4 1 0 3 -13 Find D ' ( 1 ) .
A. -148 B. -13 C. -130 D. -100 E. 3 4. Suppose f ' ( x ) = 3 x 2 ( x + 2 ) ( x 7 ) 2 , determine the values of x where the tangent line to y = f ( x ) is horizontal. A. x = 0 and x =− 2 only B. x = 7 only C. x =− 2 and x = 7 only D. x = 2 and x =− 7 only E. x = 0 and x = 7 only 5. Find the x-values of the point of inflection of f ( x ) = x 3 12 x 2 Hint: (Point of inflection is where function changes from concave up to concave down or vice versa) A. x = 0,8 B. x = 0 , 8 C. x = 4 D. x = 0,12 E. None of the above 6. Find the Relative rate of change for x = 1 , if f ( x ) = 10 3 x Hint: R.R.O.C= f ' ( x ) f ( x )
A. 3 e 10 B. 3 e C. 3 e 10 3 e D. e 10 E. 3 e 10 + 3 e 7. Find the second derivative of f ( x ) = x 4 3 x + 5 A. 4 x 3 3 x + 5 B. 4 x 3 3 C. 3 x 5 D. 12 x 2 8. Find the derivative of f ( x ) = 1 3 x x 2 + 2 A. ( 1 3 x ) ( 2 x ) +(− 3 )( x 2 + 2 ) B. ( 1 3 x ) ( 2 x ) −(− 3 )( x 2 + 2 ) C. ( 3 ) ( x 2 + 2 ) −( 1 3 x )( 2 x ) ( x 2 + 2 ) 2 D. ( 3 ) ( x 2 + 2 ) +( 1 3 x )( 2 x ) ( x 2 + 2 ) 2
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9. For the demand function x=D(p)=100 0.25 p Find the value of p that will maximize the revenue. (Hint: Revenue is maximum when E ( p )= p D ' ( p ) D ( P ) = 1 ¿ 10. Given the graph of f(x) below,what is the open intervals over which f’ (x) is negative
11. Suppose a company is able to determine functions that predict its revenue and costs as R(x) = x(30 - x) and C(x) = 6x + 44. A) Find the marginal profit function. B) Find the range of x values for which the profit is positive 12. Find the absolute extrema of g(x) = 5 ln(x) - x over the interval (0, ). 13. Owners of a bike rental company that charges customers between $5 and $50 per day have determined that the number of bikes rented per day n can be modeled by the linear function n(p) = 300 - 6p, where p is the daily rental charge. How much should the company charge each customer per day to maximize revenue?
14. Use the graph of y = f ' ( x ) below to answer the question that follows. Determine where f(x) has local (or relative) extrema.( Hint: Make a sign chart) 15. Is the graph f ( x ) = 4 x 3 2 x + 9 x 2 concave up or concave down at the point with x coordinate -1? 16. Given h ( x ) =− 2 x 2 + x + 1 , find the absolute maximum value over the interval [-3,3]
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17. Using the first derivative test, what are the local extrema for the function s ( x ) = 2 3 x 3 + 10 x 2 48 x 1 18. A company projects their revenue and cost functions will be R ( x ) = 3 x 2 + 10 x and C ( x ) = 1 3 x 3 4 x 2 5 x where xis the number of units manufactured (in thousands) and R(x) and C(x) are in thousands of dollars. How many units should be manufactured to maximize profit. 19. A gas station company finds that with annual upkeep and certification, the maintenance cost(in hundreds of dollars) after x years for each fuel pump is C ( x )= 8 1 . 2 x + 0 . 02 x 2 . After how many years is the average cost of the fuel pumps minimized?
20. Recall the price elasticity of demand for a price function x = D(p), where x is the quantity and p is the price, is given by the following: E ( p ) =− pD ' ( p )/ D ( p ) a) Compute the elasticity of demand for x=D(p) =60000-100p =200 b) Explain using complete sentences what this means and what should be done to maximize revenue c) Find the price p that should be charged to maximize revenue.