+ All Categories
Home > Documents > Business Calculus - University of Illinois at Chicago€¦ · Business Calculus Final Exam Review...

Business Calculus - University of Illinois at Chicago€¦ · Business Calculus Final Exam Review...

Date post: 15-Apr-2020
Category:
Upload: others
View: 9 times
Download: 0 times
Share this document with a friend
4
Business Calculus Final Exam Review 1. Evaluate the following limits: a. lim x4 6 x + 1 5 x 4 b. lim x4 x 2 2 x 8 x 4 2. Determine which statement best describes the continuity of the function: f x () = x 2 3 for x < 2 2 x + 5 for 2 x < 1 7 x for x > 1 a. f x () is continuous for all real values of x . b. f x () is continuous for all real values of x except x = 2. c. f x () is continuous for all real values of x except x = 1. d. f x () is continuous for all real values of x except x = 2 and x = 1. 3. First state the definition of the derivative and then use it to construct the derivative of f x () = 3x 2 5 x + 4 4. Find the derivative of each of the following: a. f x () = 7 x + 4 x 2 + 5x 4 b. y = 2 x 3 4 x 5. Use marginal analysis to predict the estimated profits from the 221st unit sold if Cx () = 1200 + 5x and Rx () = 0.04 x 2 + 32 x 200. 6. Find the equation of the tangent line to f x () = 3x 2 2 x + 5 at x = 1 . 7. Use implicit differentiation to find dy dx if y 3 5x + 6 = 3x 2 y 4 . 8. A manufacturer can sell 20,000 items at a price of $100. For each drop in price of $2, the manufacturer can sell an additional 1000 items. a. Construct the revenue function. b. How many items must be sold to maximize revenue? c. What is the maximum revenue?
Transcript
Page 1: Business Calculus - University of Illinois at Chicago€¦ · Business Calculus Final Exam Review 1. Evaluate the following limits: a. lim x→4 6x+1−5 x−4 b. lim x→4 x2−2x−8

BusinessCalculusFinalExamReview

1. Evaluatethefollowinglimits:

a. limx→4

6x +1− 5x − 4

b. limx→4

x2 − 2x −8x − 4

2. Determinewhichstatementbestdescribesthecontinuityofthefunction:

f x( ) =x2 −3 for x < −22x + 5 for − 2 ≤ x <17x for x >1

⎨⎪

⎩⎪

a. f x( ) iscontinuousforallrealvaluesof x .b. f x( ) iscontinuousforallrealvaluesof x except x = −2. c. f x( ) iscontinuousforallrealvaluesof x except x =1. d. f x( ) iscontinuousforallrealvaluesof x except x = −2 and x =1.

3. Firststatethedefinitionofthederivativeandthenuseittoconstructthe

derivativeof f x( ) = 3x2 − 5x + 4

4. Findthederivativeofeachofthefollowing:

a. f x( ) = 7− x + 4x2 + 5x4 b. y = 2x3−4x

5. Usemarginalanalysistopredicttheestimatedprofitsfromthe221stunit

soldifC x( ) =1200+ 5x andR x( ) = −0.04x2 +32x − 200.

6. Findtheequationofthetangentlineto f x( ) = 3x2 − 2x + 5 at x =1 .

7. Useimplicitdifferentiationtofind dydxif y3 − 5x + 6 = 3x2y4 .

8. Amanufacturercansell20,000itemsatapriceof$100.Foreachdropin

priceof$2,themanufacturercansellanadditional1000items.a. Constructtherevenuefunction.b. Howmanyitemsmustbesoldtomaximizerevenue?c. Whatisthemaximumrevenue?

Page 2: Business Calculus - University of Illinois at Chicago€¦ · Business Calculus Final Exam Review 1. Evaluate the following limits: a. lim x→4 6x+1−5 x−4 b. lim x→4 x2−2x−8

9. Findderivativesofeachofthefollowingfunctions

a. h x( ) = x +3x2 + 2

b. y = 2x3 − 5( )6

c. F x( ) = ln 8x + 2x4( ) d. h x( ) = e4 x

e. f x( ) = x3e−x2

f. h x( ) = ln 4x2 − 2x3( )

10. FindtheAbsoluteMaximumandAbsoluteMinimumoff x( ) = −x3 + 4x2 +3 on −1, 5[ ].

11. A15-ftladderisplacedagainstawall.Theladderisslidingawayfromthe

buildingataconstantrateof6ft/sec.Howfastistheladderslidingdownthewallwhenthebottomoftheladderis8feetfromthebuilding?

12. Howlongwillittakeaninvestmentof$45,000tobecome$100,000ifitearns4.65%compoundedcontinuously?

13. Howmuchmoneyshouldbeinvestedtodayinordertohaveatotalof

$30,000ineightyearsiftheinterestrateis4.8%compoundedcontinuously?

14. Findtheelasticityofdemandforapriceof$75.Theprice-demandequation

is 4x + p = 800. E p( ) =−p ⋅ ʹf p( )f p( )

.

15. Usethefirstderivativetesttoidentifyallrelativeminimumsandmaximums.

Besuretoidentifytheintervalswherethefunctionisincreasingand

decreasing. f x( ) = −x5 + 52x4 + 40

3x3 + 5

16. Evaluatethefollowinglimits.

a. limx→2

x3 −83x − 6

b. limx→1

4 ln x7x − 7

c. limx→0

ex − e−x

x

17. Giventhefunction f x( ) = 54x2 − x4 .Determinetheintervalswherethe

functionisconcaveupandtheintervalswherethefunctionisconcavedown.

Page 3: Business Calculus - University of Illinois at Chicago€¦ · Business Calculus Final Exam Review 1. Evaluate the following limits: a. lim x→4 6x+1−5 x−4 b. lim x→4 x2−2x−8

18. Findthespecificfunction f x( ) satisfyingthefollowingconditions.ʹf x( ) = 6x2 + x − 2 and f 4( ) = 5.

19. Evaluatetheintegral 4x3 − 4x +3( )−1

3

∫ dx .

20. Evaluatethedefiniteintegrals.

a. x2 x3 +3( )3

−2

1

∫ dx

b. x2ex3+1

−2

1

∫ dx

c. 2xx2 + 42

10

∫ dx

21. Findtheareaboundedby y = x + 5 and y = x2 − 6x +11

22. Timinvestsmoneyina403baccountaccordingtothefunction

f t( ) =15,000e0.02t .Iftheaccountearnscontinuousgainsat5.5%,andthecontributionsaremadefor25years,whatwillbethevalueoftheaccount?

UseFV = erT f t( ) ⋅e−rt dt0

T

∫ androundtothenearestdollar.

23. Therateofchangeoftheincomeproducedbyavendingmachineis 𝑓 𝑡 = 5000𝑒!.!"! .wheretisthetimeinyearssinceinstallation.Findthetotalincomeproducedbythemachineduringthefirstfiveyearsofoperation.

24. Find f −3,2( ) given f x, y( ) = 4xy2

2x + y( )2.

25. Identifyallcriticalpointsandclassifyeachasarelativemin,relativemax,or

saddlepoint. f x, y( ) = x2 + y2 − xy+ x3

26. Giventhefunction f x, y( ) = 2x4 + y2 −12xy withpartialderivativesfx = 8x3 −12y and fy = 2y−12x .Identifyallcriticalpointsandclassifyeachasarelativemin,relativemax,orsaddlepoint.

27. Giventhefunction f x, y( ) = 1yln x .Findthesecond-orderpartial fxy

Page 4: Business Calculus - University of Illinois at Chicago€¦ · Business Calculus Final Exam Review 1. Evaluate the following limits: a. lim x→4 6x+1−5 x−4 b. lim x→4 x2−2x−8

28. Giventhefunction f x, y( ) = 2x4 − y5 + 4xy6 .

a. Find fx. b. Find fy. c. Find fxx. d. Find fyy. e. Find fxy. f. Find fyx.

29. Giventhefunction f x, y( ) = 2xy−y6x

a. Find fx. b. Find fy. c. Find fxx. d. Find fyy. e. Find fxy. f. Find fyx.

30. UsethemethodofLagrangemultiplierstofindtheminimumandmaximum

of f x, y( ) = 2xy subjectto x2 + y2 =18 .

31. Findtheconsumers’surplusatapricelevelof$8fortheprice-demandequationof𝑝 = 𝐷 𝑥 = 20− 0.05𝑥

32. Findtheproducers’surplusatapricelevelof$20fortheprice-supply

equation𝑝 = 𝑆 𝑥 = 2+ 0.0002𝑥!

33. Findtheequilibriumpriceandthenfindtheconsumers’surplusandproducers’surplusattheequilibriumpricelevelif𝑝 = 𝐷 𝑥 = 20− 0.05𝑥and𝑝 = 𝑆 𝑥 = 2+ 0.0002𝑥!

34. Evaluatethefollowinglimits:

a. limx→∞

7e3x

5e3x +9

b. limx→∞

4ln x3x2 + 2

35. Let f x, y( ) = 2ex2y3

a. Evaluate f x b. Evaluate f y


Recommended