Problem 1

Ten short answer, T/F, and multiple choice questions from articles and class discussions.

Topics may include o FICO – Recession (Fiscal vs Monetary Policy) –
Federal Funds Rate – Prime Rate – ETF’s – Market
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Vocabulary / Concepts
Function
Domain
Range
Piecewise-defined function
Effect tax rate
Composite function
Linear function
Quadratic function
Fixed cost
Variable cost function
Total cost function
Revenue function
Profit function
Break even point
Demand function
Supply function
Market equilibrium
Capitalization – ARM (components) – Accounts vs
Investments.

Deals with slope, average rate of change, secant lines, instantaneous rate of change, and tangent lines for a given function. See notes from class.

Modeling. Review page 82 #60

Calculate Effective Tax Rate for schedule X or schedule Y.
You must have the state and federal tax tables.

Determine Profit function given fixed cost, variable cost function and revenue function. Review p. 109 #64 and #65

Depreciation. Determine booked value. Review p. 118 #31

Break even analysis. Find break even point from graph and algebraically. Be able to graph linear revenue and cost functions. Review p. 119 #41 (did this in class).

Interpret graph of profit function function. Understand how to evaluate function at a given point, find the maximum and minimum revenue. Know the vertex formula. Function will be similar to p. 130 #39

Determine market equilibrium given supply and demand functions. Review p. 131 #45
Cubic function
Rational function
Radical function
Power function
Function Maximum
Vertex formula
Depreciation
Scrap value
Booked value
Depreciation Rate
Slope
Secant Line / Average Rate of Change
Tangent Line / Instantaneous Rate of Change
Know how to tell if a function is Increasing or decreasing functions (hint: slope)