MATH 1231 Final Exam Fl2012

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NORTHEASTERN UNIVERSITY Department of Mathematics

MATH 1231 (Calculus for Business and Economics) Final Exam Fall 2012

Do not write in these boxes: pg1 pg2 pg3 pg4 pg5 pg6 pg7 pg8 pg9 Total (100 points)

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Instructions: Write your name in the blank above. Put your nal answers to each question in the designated spaces on these test pages (you may lose all credit for a problem if you do not). SHOW YOUR WORK. If there is not enough room to show your work, use the back of the preceding page. Whenever you use nDeriv or fnInt on your calculator, say so. Always tell what function is in Y1 , Y2 , etc. in your calculator. For your convenience, there is a table of formulas at the end of the exam. On this exam, you may only use one of the following calculators: TI-83, TI-83+, TI-84 or TI-84+. 1. (5 points) Suppose that f (x) is a function and f (x) = 5x2 3x 8, i.e., the DERIVATIVE of f (x) is 5x2 3x 8. USE BASIC ALGEBRA to nd the x-coordinate of each critical point of f (x). Write down the equation you solve to nd the critical points and SHOW all the steps to solve it.

MATH 1231 Final Exam Fl2012

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2. Circle the number of the correct answer. There is only one correct answer and there is no partial credit. (4 points each) (a) An antiderivative of m(x) = 12e7x + 3(2.2x) is: (i) 12 7x 3(2.2x) e + 7 ln(2.2) 6. 6x ln(6.6) (ii) 84e7x + 3 ln(2.2)(2.2x) (iii) 12e3.5x + 3(2.20.5x ) (v) none of the previous
2 2

(iv) 12e7x +

(b) An antiderivative of h(x) = 6(2x 3)8 is: (i) 96(2x 3)7 (iv) 1 (2x 3)9 3 (ii) 2 (2x 3)9 3 (iii) 4 (2x 3)9 3

(v) none of the previous

2 (c) An antiderivative of g(x) = is: 7 x3 (i) 2 ln |x3/2| 7 3 (ii) 7 x5 (iii) 4 1/2 x +1 7 (iv) x1/2 7 (v) none of the previous

MATH 1231 Final Exam Fl2012

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3. (4 points) Suppose that f (x) and f (x) are continuous functions on the interval [1, 3]. Assume that
3

f (3) = 11, f (3) = 15 and

is only one and there is no partial credit. (i) -13 (ii) 13 (iii) 9 (iv) 2 (v) None of the previous

f (x) dx = 2. Find the value of f (1). Circle the correct answer. There

4. Suppose that N (x) is the number of tablet PCs sold, in thousands, when the selling price of each tablet PC is x hundred dollars. (a) (2 points) Give the units of N (x):

(b) (2 points) Write a complete sentence with units explaining the practical meaning of the following statement: dN = 35 at x = 7. dx Do not use words such as per, rate, slope, derivative or any term relating to calculus. Be brief (25 words or less) and precise.

5. (4 points) The revenue of a candy company is $98,000 when it sells 5500 boxes of candy, and its marginal revenue is $3.20 per box when it sells 5500 boxes of candy. Use this information to give the best estimate of the companys revenue when it sells 6000 boxes of candy. Circle the correct answer. (i) $106,900 (ii) $101,200 (iii) $114,000 (iv) $99,600 (v) $100,000

MATH 1231 Final Exam Fl2012

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6. (4 points) The function g(x) has a critical point at x = 0 and x = 6. The DERIVATIVE of g(x) is equal to x3 6x2 , i.e., g (x) = x3 6x2 . Circle the correct statement for each critical point. Show all work including the values of any functions you evaluate. x = 0 is a (i) relative maximum (ii) relative minimum (iii) neither

WORK:

x = 6 is a

(i) relative maximum

(ii) relative minimum

(iii) neither

WORK:

7. (6 points) Find F (x), the specic antiderivative of the function f (x) = x4 3 4 + , x 5

such that F (1) = 5. Show all your work, especially the equation you must solve. Be sure to write out your nal formula for F (x) clearly and fully. F (x) =

MATH 1231 Final Exam Fl2012

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8. Find the derivative of each of the following functions. (6 points each) (a) f (x) = (2x3 4x + 8)6 ( 2 + 2 ln(x))

(b) g(x) = 3 5 x + 4x10 + 2x

(c) h(x) =

12.5 16 1 + 48e0.5x 3x6

MATH 1231 Final Exam Fl2012

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9. The function

B (t) = 5000(1.035)t

gives the balance in dollars in a savings account t years after January 1, 2000. (a) (3 points) Find the average rate of change of the balance in the account between January 1, 2005 and January 1, 2010. Show work. Give your answer using appropriate units, rounded to two decimal places.

. (b) (3 points) Write a formula involving a denite integral that gives the average balance in dollars in the account between January 1, 2005 and January 1, 2010. Use proper notation for the denite integral, not fnInt.

(c) (2 points) Use your formula in part (b) to nd the average account balance (in dollars) between January 1, 2005 and January 1, 2010. Show work. If you use fnInt show this. Round your answer to the nearest cent.

(d) (3 points) Write a complete sentence with units explaining the practical meaning of the following statement:
10 5

dB dt = $1114.56. dt

Do not use any technical terms from calculus like integral or derivative in your answer. Be brief (25 words or less) and precise.

MATH 1231 Final Exam Fl2012

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10. (5 points) A company produces bracelets for a fundraiser. The prot, in dollars, from selling bracelets is given by the function P (x) = (x 10)(500 x ln(3x)) when the selling price of each bracelet is x dollars. Carefully enter the function P (x) into Y1 on your calculator. Check that youve entered the function correctly by computing P (30). You should obtain 7300.114198. Based on past experience with fundraisers, the company expects the selling price of a bracelet to be between $20 and $80. Use nDeriv and your calculator to determine the price of a bracelet that maximizes the PROFIT. Write the answer with all the decimal places the calculator gives. Calculator answer:

11. A company makes personalized baseball caps. The company has kept a record of its costs for selected hourly production levels. This information is given in the table below. x = number of hats produced Cost in $ 10 100 20 200 30 250 40 400 50 750 60 1400

(a) (3 points) Let C (x) denote the (hourly) cost, in dollars, of making x baseball caps. Use the table above to t the best model for C (x), among the following choices: QUADRATIC, EXPONENTIAL, OR CUBIC. Write the formula for C (x) rounding every coecient to 3 decimal places,

(b) (3 points) Use the formula for C (x) from part (a) to nd the marginal cost function for producing x baseball caps. Include the units of the marginal cost function in your answer.

MATH 1231 Final Exam Fl2012

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12. Put the function h(x) = 2x3 9x2 + 15x into Y1 in your calculator. Check that Y1 (3) = 18. (a) (5 points) Use derivatives and algebra to nd the inection point of the function h(x). Give the exact values of its x and y coordinates. Do not round your answers. Show your work especially the equation you must solve and how you solve it. Use your calculator only for basic arithmetic. x-coordinate of inection point: y-coordinate of inection point:

(b) (2 points) Graph the function h(x) (from part (a)) using the window: Xmin = 0 , Xmax = 3 , Ymin = 0 , Ymax = 18. Carefully sketch what you see below. In your sketch, label the inection point clearly with the letters IP. 18 12 6

(c) (2 points) Use the graph you sketched in part (b) to decide which kind of inection point the graph has. Circle one of the following: Point of fastest increase Point of fastest decrease Point of slowest increase Point of slowest decrease

MATH 1231 Final Exam Fl2012

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13. (6 points) Use the method of u-substitution to evaluate the following integral, i.e., to nd the general antiderivative: (6x2 4)(x3 2x + 7)5 dx . Show all work, especially u and du. u= , du =

14. A portion of the graph of y = x2 16x + 72 is given below.

70 60 50 40 30 20 10

10

11

12

13

14

15

(a) (2 points) Write the denite integral which represents the area of the shaded region above. Use proper notation. The notation fnInt is not acceptable.

(b) (4 points) Estimate the area (in square units) of the shaded region using the 4 right rectangle approximation. Circle the number below of the answer closest to the approximation. There is no partial credit. (i) 112 (ii) 138 (iii) 108 (iv) 176 (v) 136

MATH 1231 Final Exam Fl2012

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List of Formulas Derivatives: (xn ) = nxn1 , (ex ) = ex , (ax ) = (ln a)ax , (ln x) = 1 ; x

(chain rule) (f (g(x))) = f (g(x))g (x), (product rule) (fg) = fg + f g Approximation Formula for the change in a function using the derivative: f (x + h) f (x) f (x)h ebx + C, b 1 dx = ln(|x|) + C , x xn+1 + C (n = 1), n+1

Integrals: ax dx =

ebx dx = ax + C. ln(a)

xn dx =

Fundamental Theorem of Calculus If

dF = f (x), then dx

b a

f (x) dx = F (b) F (a).

Average value of f(x) =

1 ba

f (x) dx
a

10