IUB BUEX-C 531 - MATH 201. Test Review 3 (5 pages)

Previewing pages 1, 2 of 5 page document View the full content.
View Full Document

MATH 201. Test Review 3



Previewing pages 1, 2 of actual document.

View the full content.
View Full Document
View Full Document

MATH 201. Test Review 3

15 views


Pages:
5
School:
Indiana University, Bloomington
Course:
Buex-C 531 - Introduction to Business Analytics
Introduction to Business Analytics Documents

Unformatted text preview:

MATH 201 Brief Calculus Review for Test 3 1 Find the number of units x that produces a maximum revenue 2 a R 500 x x b R 60 x 2 3 4x 2 Find the number of units x that produces minimum average cost per unit Round to the nearest whole unit C 0 12 x 2 15 x 3000 3 Find the price that will maximize profit for the demand and cost function where p is the price in dollars x is the number of units and C is the cost in dollars a p 80 x C 150 20 x b p 50 0 1 x C 35 x 500 4 5 a Find the amount s spent on advertising in thousands of dollars that maximizes the profit P in thousands of dollars b Find the point of diminishing returns 6 7 Simplify the expressions 4 3 12 5 5 a 2e5 3 b e 8 Sketch the graph of the following functions x x a f x 5 b g x 3e c 16 e 0 13 12 9 a Use the model to estimate the sales in 2010 b Use the model to estimate the sales in 2018 10 The current price of a car wash is 15 Use the model to estimate the price of a car wash in 10 years 11 On the day of a child s birth 500 is deposited in an account that pays 6 interest compounded continuously Determine the balance in this account on the child s 21 st birthday n r reff 1 1 n find the effective rate corresponding 12 Given the formula for the effective rate of interest to a nominal rate of 8 2 compounded a annually b semi annually c quarterly d monthly 13 How much should be deposited now in an account paying 9 5 compounded quarterly in order to have a balance of 25000 in 15 years 14 The average time between incoming calls at a switchboard is 3 minutes If a call has just come in the probability that the next call will come within the next t minutes is t P t 1 e 3 Find the probability of each situation a A call comes within minute b A call comes within 2 minutes 15 The cost of producing x units of a product is modeled by C 120 45 x 150 ln x x 1 a Find the average cost function C b Find the number of units that will give a minimum average cost Round your answer to the nearest whole unit 16 Differentiate each of the



View Full Document

Access the best Study Guides, Lecture Notes and Practice Exams

Loading Unlocking...
Login

Join to view MATH 201. Test Review 3 and access 3M+ class-specific study document.

or
We will never post anything without your permission.
Don't have an account?
Sign Up

Join to view MATH 201. Test Review 3 and access 3M+ class-specific study document.

or

By creating an account you agree to our Privacy Policy and Terms Of Use

Already a member?