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Grade /50 Final Exam Supervisor

signature
Date: 12/01/2017
Course Title: Mathematics for Business
Time: 9h00 – 11h00
Number of pages: 8

INSTRUCTIONS

1. Books and notes are not permitted.

2. The use of cell phones is strictly prohibited during the exam.
3. Put answers in the blanks provided. Work on scratch paper will NOT be
graded

Multiple choice questions

1- Determine which of the following equals ∫ x √ x 2 +1 dx

3
1 2 2
(A) x ( x +1) 2 + C
3
3
1 2
(B) ( x +1) 2 +C
3
3
1 2 2
(C) x ( x +1) 2 +C
2
3
1 2
(D) ( x +1)2 +C
2
Answer B

2- An inflection point of the function f ( x )=2 x 3−9 x 2−24 x−10 is

(A) 1
(B) 1.5
(C) 3
(D) 4
B
1
 Answer

3- Find the open interval on which f ( x )=x e x is convex

(A) (0 , ∞ )
(B) (−1 , ∞)
(C) (−2 , ∞)
(D) (−∞, ∞)

Answer C
1

4- Evaluate ∫ |x|dx
−2
−5
(A) 2
−3
(B) 2
3
(C) 2
5
(D) 2
D
Answer

5- Suppose that a function has all the following properties

(a) f (x)>0 for x<
(b) f ' ( c )=0
(c) f ' (x)<0 for x> c

Which of the following could be the graph of f

B
Answer

2
Problem 1

Find the area A between the curve of y=−x2 +5 x−4 and the x-axis.

Y is above the x-axis if 1 ≤ x ≤ 4

4 4
−x3 x2
1
2
A=∫ (−x +5 x−4 ) dx=
3 [+5 −4 x
2 ]
1

Problem 2

(A) Show that the following series converges and then find its sum
∞
2(−1)n +3n
∑( 4n
¿ n−1 )¿
5
n=0

∑ ¿¿
n=0

3
 ∞
3n−1 3 3∗1
∑3 5 n−1
is geometric with < 1it converges∧its ∑ ¿
5 3
n=0
1−
5

2
2

(B) Evaluate the integral ∫ 4 x e(−x +6 ) dx

−∞

2 2
2 2 2 2
dx =−2 ∫ −2 x e (−x +6 ) dx=[−2 e(− x +6) ]−∞=−2 e 2
(−x +6 )
∫ 4xe
−∞ −∞

x 2 +3 x+1 ∞
(E)Evaluate lim = ∞ indeterminate form
x→+∞ x lnx

4
 2
2 x+3 lim
Hospital’s rule lim =n →+∞ 1 =2 x=+ ∞
x→+∞ lnx+1
x

(E) Find numbers a and b such that the following function is continuous everywhere

ax for x ≤1
f (x)=
{ 2
x +a−b for−1< x <1∧¿ 6 for x ≥ 1

limit ∃ lim ¿
f continuous if −¿
x →1 f ( x ) = +¿
lim ¿¿¿
x→1 f (x )∧lim ¿f (1 )

a=1+a−b=6 →a=6∧b=1

5
Problem 3

x 2−4 x +3 ' 4 x−6

If f ( x )= then f ( x )= and f (x)= {-8x+18} over {{x} ^ {4}
x2 x3

(A) Find the interval where f is increasing

' 4 x−6
f is increasing if f ( x )= ≥ 0 →…….
x3

(B) Find the open interval where f is concave

f is concave if f (x)= {-8x+18} over {{x} ^ {4}} ≤0 →……

(C) Find all local minima and local maxima for f if they exist.

4 x−6 3
f ' ( x )= =0 → x=
x 3
2
f ( {3} over {2} ) >0 → x= {3} over {2} is a local minima for

6
Problem 4

Suppose the monthly revenue and cost functions ( in dollars) for x units of a
x2
commodity sold and produced are R ( x )=400 x− ∧C ( x )=5000+70 x
20
(A) Find the profit function

x2 ( −x 2
P ( x ) =R ( x ) −C ( x )=400 x=400 x − − 5000+70 x )= +330 x−5000
20 20

(B) Find the marginal profit function

−x
P ’ ( x )= +330
10

(C) Find the profit from selling the 42 nd unit (2 methods).

Method 1
−41
the profit from selling the 42 nd unit≈ P ’ ( 41 ) = +330 (because
10
P ’ ( 41 ) ≈ P ( 42 )−P ( 41 ) )
Method 2
the profit from selling the 42 nd unit=P ( 42 )−P ( 41 )=¿

7
 Problem 5

The productivity P of a worker after t hours on the job was modelled by

P ( t ) =24 t+3 t 2−t 3 where 0 ≤ t ≤ 8 and P denoted the number of units produced
per hour.

After how many hours is productivity maximized?

P' (t )=−3 t 2+ 6 t +24=0 for t=−2 ( rejected ) ∨t=4

P' ' ( t )=−6 t +6 P' ' ( 4 )< 0 the productivity is maximized after 4 hours .

Problem 6

Given the price-demand equation 0.02 x+ p=60

8
(A) Express the demand x as a function of price p
60− p
x ( p)=
0.02

(B) Find the elasticity of demand E(p).

x' ( p ) p
E ( p )= p =
x ( p ) p−60

(C) For which values of p is demand Elastic ?

p
|
Demand is elastic for |E ( p )|>1
p−60|>1

p>| p−60| → p> 30