The Most Important Problems to Understand - This Week 7. Given the supply function and the demand function D ( x ) is p 80e 1. Simplify the following expressions: 3x 2 y 3 x yz a. b. x m y m 1 8. Change each of the following expressions to logarithmic form. 103 0.001 2 b. 5 0.04 x 1 c. a b a. 2. Solve the following algebraically for x: a. b. 64 1 x 2 3 2 4x 4096 9. Given x3 2 x 9 x 2 x 0 log a 2 m, log a 3 t , log a 5 h , evaluate: a. log a 30 b. log a 1.5 3. Determine the domain: a. ye b. ye c. y ex x 1 x2 5 x .2 x have units of dollars, and x is in hundreds of items. Use your calculator to find the equilibrium point. a. equilibrium price ______________ b. equilibrium quantity ___________ 4 m 1 S x is p 20e0.1x 10. Solve for x : d. y eln x x2 e. y x 1 e a. ln x 1 ln x 2 2 ln x b. log x 2 log x 3 4 11. Find the limit of each of the following: a. lim ( ) x 2 b. lim ( x 4 x) 2 4. How much will be in an account after 8 years on a $1000 deposit in an account that earns a rate of x 3 c. lim f( x) where x2 1 4 % per year : a. compounded continuously. 2 x 1, x 0 f ( x) x 2 1, 0 x 2 4 x 1, x 2 b. compounded monthly. c. compounded weekly. 5. What is the effective yield given an annual rate of 12% and the interest is compounded: a. weekly b. semiannually c. continuously. d. lim f( x) x2 e. lim f( x) x2 12. Evaluate g ( x) ex 1 at each of the following x points: 6. Jim and Janet want their college savings account for their daughter to be at $50, 000 in 18 years. How much should they deposit now in an account paying 5.25% per year compounded continuously? x g(x) 1 .5 .1 -.01 0 DNE .01 0.1 0.5 1 b. Estimate from the chart lim g( x) x 0 x4 13. lim = x4 x4 14. lim h 0 f 1 h f 1 2 where f x x x h x2 9 15. lim 2 x 3 x 7 x 12 16. lim h 0 5 h 2 25 h 17. Determine the interval(s) over which f(x) is continuous. x 1 x2, x 0 f ( x) x 2 9, 0 x 5 2 x 6, x 5 © Marcia Drost Sept 15, 2014