REVIEW TEST 3 1 Let’s begin Next Slidewith a few practice derivatives. To skip practice derivative and go to implicit derivatives click here. Please click “ON THE LETTER” of the correct answer! 2 1. Find the derivative for y = 3x 2 + 5x - 7 A. y’ = 3x + 5 C. y’ = 6x C. y’ = 6x + 5 D. y’ = 6x + 5 - 7 E. None of the above 3 No that answer is incorrect. You need to use the power rule on each of the terms of the equation. The power rule is – If y = x n , then y’ = n x n – 1 . Please click here to try again. 4 Yes, the answer is y’ = 6x + 5 Good work on using the power rule! If y = x n , then y’ = n x n – 1 . Please click here for the next question. 5 2. Find the derivative for y = 2x – 1 – x – 3 A. y’ = - 2x 0 + 3x – 2 B. y’ = -2x – 2 – 3x – 4 C. y’ = 2x – 2 + 3x – 4 D. y’ = - 2x – 2 + 3x – 4 E. None of the above 6 No that answer is incorrect. You need to use the power rule on each of the terms of the equation. The power rule is – If y = x n , then y’ = n x n – 1 . Watch your negative signs! Please click here to try again. 7 Yes, the answer is y’ = - 2x – 2 + 3x – 4 Good work on using the power rule! If y = x n , then y’ = n x n – 1 . Please click here for the next question. 8 3. Find the derivative for y = (2x 2 – x + 1)(x – 2) A. y’ = (4x – 1)(1) B. y’ = 6x 2 - 10x + 3 C. y’ = (2x 2 – x + 1)(1) + (x – 2)(4x – 1) D. y’ = (4x – 1)(x - 1) E. None of the above 9 Too bad that answer is incorrect. You need to use the product rule. The product rule is – If f (x) = F (x) • S (x), Then f ’ (x) = F (x) • S’ (x) + S (x) • F ’(x) Please click here to try again. 10 Yes, the answer is y’ = 6x 2 - 10x + 3 or y’ = (2x 2 – x + 1)(1) + (x – 2)(4x – 1) Good work on using the product rule If y = f · s , then y’ = f · s’ + s · f’ . Please click here for the next question. 11 4. Find the derivative for 2 x 3 y 5x 2 2 ( 5 x 2 )( 2 x ) ( x 3 )( 5 ) A. y ' (5x 2)2 (5x 2)( 2x) ( x 2 3)( 5) B. y ' ( 5x 2 ) 2 2 5x 4x 15 C. y ' ( 5x 2) 2 D. y’ = (5x + 2)(2x) – (x 2 + 3) (5) E. None of the above 12 Sorry, that answer is incorrect. You need to use the quotient rule. The quotient rule is – If Then T ( x) y B ( x) B ( x) T ' ( x) T ( x) B ' ( x) y' [ B ( x) ] 2 Please click here to try again. 13 Great, the correct answer is 5x 4x 15 y' ( 5x 2) 2 2 OR (5x 2)( 2x) ( x 2 3)( 5) y' ( 5x 2 ) 2 You used the quotient rule correctly!! If T ( x) y B ( x) then B ( x) T ' ( x) T ( x) B ' ( x) y' [ B ( x) ] 2 Please click here for the next question. 14 5. Find the derivative for 4 y x A. y’ = - 2 x 1/2 C. y’ = - 2 x – 3/2 B. y’ = 4 x – 3/2 D. y’ = 4 x 1/2 E. None of the above 15 Not quite, that answer is incorrect. Change the equation to remove the radical to – y = 4x – 1/2 and use the power rule. Please click here to try again. 16 Hey great, the correct answer is y’ = - 2 x – 3/2 Nice work on the power rule and negative exponents. Please click here for the next question. 17 6. Find the derivative for y = (x 2 – 3x + 6) 5 A. y’ = 5 (x 2 – 3x + 6) 4 B. y’ = (x 2 – 3x + 6) 5 (2x – 3) C. y’ = (2x - 3) 5 D. y’ = 5 (x 2 – 3x + 6) 4 (2x – 3) E. None of the above 18 Too bad, that answer is incorrect. You need to use the chain rule with u = x 2 – 3x + 6 d n n 1 du u nu dx dx Please click here to try again. 19 OK, the correct answer is y’ = 5 (x 2 – 3x + 6) 4 (2x – 3) Good use of the chain rule with u = x 2 – 3x + 6 !! d n n 1 du u nu dx dx Please click here for the next question. 20 7. Find the derivative for y x2 3 A. y’ = x (x 2 + 3) – 1/2 B. y’ = (x 2 + 3) – 1/2 C. y' x x2 3 D. y’ = 1/2 (x 2 + 3) - ½ (2x) E. None of the above 21 Too bad, that answer is incorrect. You need to rewrite the equation without a radical and then use the chain rule y = (x 2 + 3) ½ and the let u = x 2 + 3 d n n 1 du u nu dx dx Please click here to try again. 22 Terrrrriffffic!! Rewrite the equation without a radical and then use the chain rule - y = (x 2 + 3) ½ and the let u = x 2 + 3 Then y’ = x (x 2 + 3) – ½ OR y’ = 1/2 (x 2 + 3) - ½ (2x) OR y' x x 3 2 Please click here for the next question. 23 8. Implicitly differentiate to find y’ if 0 = 3x 2 – y + 4 A. y’ = - 6x B. y’ = 6x C. y’ = 6x - y D. y’ = 6x - x E. None of the above 24 Sorry that answer is incorrect. To implicit differentiate remember to take the derivative of each term of the function with respect to x. If 0 = 3x 2 – y + 4 then d/dx (0) = d/dx (3x 2 ) – d/dx (y) + d/dy (4) Please click here to try again. 25 Yes, the answer is y’ = 6x. d/dx (0) = d/dx (3x 2 ) – d/dx (y) + d/dy (4) 0 = 6x - y’ + 0 so y’ = 6x Please click here for the next question. 26 9. Implicitly differentiate to find y’ if 0 = x2 + y2 + x + y + 3 A. C. 2x 1 y' 2y 1 y ' 2x 2y 1 B. 2x y' 2y D. 2x 1 y' 2y 1 E. None of the above 27 No that answer is incorrect. To implicit differentiate remember to take the derivative of each term of the function with respect to x. If 0 = x 2 + y 2 + x + y + 3 then d/dx (0) = d/dx (x 2 ) + d/dx (y 2 ) + d/dx (x) + d/dx (y) + d/dx (3) Now finish the derivatives!! Please click here to try again. 28 Yes indeeeedy, the answer is 2x 1 y' 2y 1 If 0 = x 2 + y 2 + x + y + 3 then d/dx (0) = d/dx (x 2 ) + d/dx (y 2 ) + d/dx (x) + d/dx (y) + d/dx (3) 0 = 2 x + 2 y y’ + 1 + y’ + 0 and solving for y’ yields 2x 1 y' 2y 1 Please click here for the next question. 29 10. Implicitly differentiate to find y’ if x ln y + 2y = 2x 3 Please click on the letter and not the equation. 6x 2 ln y A. y ' x 2 y 6x ln y B. y ' x2 6x 2 ln y C. y ' y2 6x 2 ln y D. y ' x 2y 2 E. None of the above 30 Too bad that answer is incorrect. This one is difficult!! To implicit differentiate remember to take the derivative of each term of the function with respect to x. This problem also involves the product rule!!! If x ln y + 2y = 2x 3 then d/dx (x ln y) + d/dx (2y ) = d/dx (2x 3 ) You need the product rule here. Now finish the derivatives!! Please click here to try again. 31 6x ln y y' xy2 2 Yes, the answer is If x ln y + 2y = 2x 3 then d/dx (x ln y) + d/dx (2y ) = d/dx (2x 3 ) x (1/y) y’ + ln y (1) + 2 y’ = 6x 2 and solving for y’ yields 2 6x ln y y' xy2 Please click here for the next question. 32 11. How much would a $2,000 investment be worth in 12 years at 9% compounded continuously? A. $5,865.67 B. $5,889.36 C. $5,885.67 D. $5,885.36 E. None of the above 33 Sorry, that answer is incorrect. Remember that the continuous compound interest formula is – A Pe rt And you have all the information except for A. Please click here to try again. 34 Great, the correct answer is $5,889.36, since A P e 2000 e rt 12 0.09 $5,889.36 Please click here for the next question. 35 12. How much would you need to invest at 11% compounded continuously for 8 years to end up with $5,000? A. $2,082.25 B. $2,082.91 C. $2,073.91 D. $2,073.25 E. None of the above 36 Not quite, that answer is incorrect. Remember that the continuous compound interest formula is – A Pe rt And you have all the information except for P. Please click here to try again. 37 Hey great, the correct answer is $2,073.91, since A P e or P A rt P 5000 e 0.11 8 5000 e rt 2.4109 so $2,073.91 Please click here for the next question. 38 13. What continuously compounded interest rate is needed to double your money in 13 years? A. 5.54% B. 2.32% C. 5.25% D. 5.33% E. None of the above 39 Too bad, that answer is incorrect. Remember that the continuous compound interest formula is – A Pe rt And you have all the information except for r. This will be a solution that needs natural logs. Please click here to try again. 40 OK, the correct answer is 5.33%, since A rt A P e or e and ln A r t and P P ln A ln 2 P and r 0.0533 t 13 rt P r ln A t Remember your money is doubling so A/P = 2 Please click here for the next question. 41 14. An automobile depreciates at a rate of 20% per year. How long will it take for the used value to be one-half the new value? A. 3.1 years B. 2 years C. 0.9 years D. 2.9 years E. None of the above 42 Not quite, that answer is incorrect. Remember that the depreciation formula is – A P (1 r ) t And you have all the information except for t. This will be a solution that needs logs. Please click here to try again. 43 Terrrrriffffic, the correct answer is 3.1 years, since A A P (1 r ) or (1 r ) t and ln A ln (1 r )t P P A ln t P t A and ln ln (1 r ) t ln (1 r ) and P ln (1 r ) t A ln ln 0.5 P and t 3.1 ln (1 r ) ln (0.8) Please click here for the next question. 44 15. How much would a $2,000 investment be worth in 12 years at 9% compounded monthly? A. $5865.67 B. $5,889.36 C. $5,885.67 D. $5,885.36 E. None of the above 45 That answer is incorrect. It is a hard one! Remember that the compound interest formula nt is – r A P 1 n And you have all the information except for A. Please click here to try again. 46 Terrrrriffffic, the correct answer is $5865.67, since r A P 1 n nt 0.09 2000 1 12 12 12 $5,865.67 Please click here for the next question. 47 16. How much would you need to invest at 11% compounded quarterly for 8 years to end up with $5,000? A. $2,073.91 B. $2,075.71 C. $2,098.71 D. $2,198.71 E. None of the above 48 That answer is incorrect. Remember that the compound interest formula nt is – r A P 1 n And you have all the information except for P. Please click here to try again. 49 Terrrrriffffic, the correct answer is $2,098.71, since r A P 1 n nt P 5000 so P A r 1 n 4 8 0.11 1 4 nt $2,098.71 Please click here for the next question. 50 17. Calculate the derivative of y = 5 ln x A. y’ = 5x B. y’ = 5/ln x C. y’ = 5/x D. y’ = ln 5x E. None of the above 51 That answer is incorrect! Remember that if y = ln x then y’ = 1/x Please click here to try again. 52 Grrrrreat, the correct answer is y’ = 5/x By using the definition of the derivative of the natural log function. If y = ln x then y’ = 1/x The constant 5 is just carried through the problem. Please click here for the next question. 53 18. Calculate the derivative of y = 5 ex A. y’ = 5 e 5 x B. y’ = 5 e x C. y’ = 5 / e x D. y’ = 5 ln x E. None of the above 54 That answer is incorrect. Use the definition of the derivative of the exponential function If y = e x then y’ = e x . Please click here to try again. 55 WOW, the correct answer is indeed y’ = 5 e x. By using the definition of the derivative of the exponential function If y = e x then y’ = e x . The constant 5 is just carried through the problem. Please click here for the next question. 56 19. Calculate the derivative of y = 2 ln x + 3 e x A. y’ = 2 ln x + 3 e x C. y’ = 2/x + 3 ex B. y’ = 2/x + e x D. y’ = 2 ln x + e x E. None of the above 57 That answer is incorrect. This problem is a combination of the previous two problems. Please click here to try again. 58 Great, the correct answer is y’ = 2/x + 3 e x, since the derivative of 2 ln x is 2/x and the derivative of 3 e x is 3 e x. Please click here for the next question. 59 20. Calculate the derivative of ye A. y ' e C. y ' e 5 x3 5 x3 5x 3 15 x 2 5 x3 B. y ' e D. 5 x3 y' e 5 x2 5 x3 x2 E. None of the above 60 No that answer is incorrect. Remember formula for the derivative of e raised to a functional power If y = e u then y’ = e u du/dx Please click here to try again. 61 Yes! Yes! Yes!, the correct answer is, y' e 5 x3 15 x2 since If y = e u then y’ = e u du/dx Letting u = 5 x 3 gives a chain of du/dx = 15 x 2 and then y’ = e u du/dx y' e 5 x3 15 x2 Please click here for the next question. 62 21. Calculate the derivative of ye A. y ' e C. y ' e x2 3x x2 3x x2 3x B. y ' e 2x 3 x2 3x D. y ' e x2 3x x2 3x 2x E. None of the above 63 Sorry that answer is incorrect. Remember formula for the derivative of e raised to a functional power If y = e u then y’ = e u du/dx Please click here to try again. 64 Yes, the correct answer is y ' e since x2 3x 2x 3 If y = e u then y’ = e u du/dx Letting u = x 2 + 3x gives a chain of du/dx = 2x + 3 and then y’ = e u du/dx y' e x2 3x 2x 3 Please click here for the next question. 65 22. Calculate the derivative of y = ln x 5 A. y’ = 5x B. y’ = 1 / (x 5) C. y’ = 1 / ( 5x 4 ) D. y’ = 5 / x E. None of the above 66 Too bad that answer is incorrect. Remember formula for the derivative of the natural log function If y = ln u then y’ = 1 / u (du/dx) Please click here to try again. 67 OK, the correct answer y’ = 5 / x. I used the formula for finding the derivative of the ln u. If y = ln u then y’ = 1 / u (du/dx) Let u = x 5 and then du/dx = 5 x 4 . If y = ln x 5 then y’ = 1/ ( x 5 ) (5 x 4 ) = 5 / x An interesting aside. You can rewrite this problem as follows and make it easier to do. y = ln x 5 = 5 ln x. Please click here for the next question. 68 23. Calculate the derivative of y = ln (x 2 – 4) 2x A. y ' 2 x 4 B. y’ = 2x ln (2x – 4) C. y’ = 2x ln (x 2 – 4) D. y’ = 2x ln 2x E. None of the above 69 No that answer is incorrect. Remember formula for the derivative of the natural log function If y = ln u then y’ = 1 / u (du/dx) Please click here to try again. 70 2x Correctamundo, the answer is y ' 2 x 4 If y = ln u then y’ = 1 / u (du/dx) Let u = x 2 - 4 and then du/dx = 2x . If y = ln (x 2 – 4) then y’ = 1/(x 2 - 4) 2x = 2x/ (x 2 - 4) Please click here for the next question. 71 24. Calculate the derivative of y = x e – 2x A. y’ = e – 2x B. y’ = e – 2x ( 1 – 2x) C. y’ = x e – 2x ( - 2) + e – 2x D. y’ = x e – 2x + e – 2x E. None of the above 72 No that answer is incorrect. You will need to use the product rule and the chain rule on this one. Be careful. If y = f · s then y’ = f · s’ + s · f’ AND the second function y = e – 2x requires the chain rule!!! Please click here to try again. 73 Yes, the answer is y’ = e – 2x ( 1 – 2x) or y’ = x e – 2x ( - 2) + e – 2x We used the product rule on this one: Let f=x and s = e – 2x then f’ = 1 and s’ = e – 2x (-2) and y’ = x e – 2x ( - 2) + e – 2x = e – 2x ( 1 – 2x) Please click here for the next question. 74 25. Calculate the derivative of y = e – x ln x A. y’ = e – x ln x C. y’ = e – x/x - e–x B. y’ = e – x - e – x ln x D. y’ = e – x/x - e – x ln x E. None of the above 75 No that answer is incorrect. You will need to use the product rule and the chain rule on this one. Be careful. If y = f · s then y’ = f · s’ + s · f’ AND the second function y = e – 2x requires the chain rule!!! Please click here to try again. 76 Yes, the answer is y’ = e – x/x - e – x ln x. We used the product rule on this one: Let f = e–x and s = ln x then f’ = e – x (- 1) and s’ = 1/x and y’ = e – x/x - e – x ln x. Please click here for the next question. 77 26. Calculate the derivative of ln x 1 y x e A. e x (ln x 1) y' (e x ) 2 e x e (ln x 1) C. y' (e x )2 x x 1 x (ln x 1) B. y' x (e ) e x x e x (ln x e x ) D. y' (e x )2 E. None of the above 78 Too bad that answer is incorrect. You will need to use the quotient rule on this one. If y = t / b then b t ' t b ' y' b2 Please click here to try again. 79 e x x e x (ln x 1) Yes, the answer is y' (e x )2 1 x (ln x 1) y' (e x ) Using the quotient rule – b = ex and t = ln x + 1 b’ = e x and t’ = 1/x or so e x x e x (ln x 1) y' (e x )2 Please click here for the next question. 80 APPLICATIONS Now, let’s try some application problems 81 27. A drug is injected into the bloodstream. The concentration of the drug after x hours is given by 0.20x C( x) x 4 2 for 0 x 10. A. Find the marginal concentration after 3 hours (4 decimal places). A. C’ (x) = 0.0462 m/cm 3 B. C’ (x) = – 0.1746 m/cm 3 C. C’ (x) = – 0.0059 m/cm 3 D. C’ (x) = 0.5428 m/cm 3 E. None of the above 82 Sorry that answer is incorrect. To find the marginal concentration graph the given function and under the CALC menu use the dy/dx choice at x = 3. Please click here to try again. 83 Yes, the answer is C’ (x) = – 0.0059 m/cm 3 from your graphing calculator. NOTE: You will need this answer for the next question. Please click here for the next question. 84 28. A drug is injected into the bloodstream. The concentration of the drug after x hours is given by 0.20x C( x) x 4 2 for 0 x 10. B. Interpret the results of the previous question. Take a minute and try to write a response. Go to a representative correct answer. 85 The drug concentration after three hours is decreasing by about 0.0059 m/cm 3 for the next hour. Please click here for the next question. 86 29. If consumer demand is given by D (p) = 10000 e – 0.02p , where p is the price in dollars and d is the demand in units, find the price that maximizes Consumer Expenditure. A. p = $50.00 B. p = $53.11 C. p = $55 D. p = $68.56 E. None of the above 87 Too bad that answer is incorrect. Consumer expenditure is consumer demand times the price. Graph consumer expenditure on your calculator and find the max. Please click here to try again. 88 Yes, the answer is $58.51 Consumer expenditure is consumer demand times the price. Graph consumer expenditure on your calculator and find the max. CE = 10000 p e – 0.02p Please click here for the next question. 89 30. Find the relative rate of change of the function f(t) = 100 e 0.2t when t = 15. A. P’ (x) = .15 or 15% B. P’ (x) = .20 or 20% C. P’ (x) = .25 or 25% D. P’ (x) = .27 or 27% E. None of the above 90 No that answer is incorrect. The relative rate of change is f ’ (t) / f (t). Try that on your calculator. Please click here to try again. 91 Yesaroonie, the answer is 0.2 or 20% The relative rate of change is f ’ (t) / f (t) and using my calculator Graph f(t) 100 e 0.2t f ' (15) 401.71074 RRC 0.2 20% f (15) 2008.55369 Please click here for the next question. 92 31. What is the meaning of life? Take a minute and write what you think is the meaning. Go to a representative correct answer. 93 The average profit is decreasing by about 14 people for the sale of the 51st calculator on any Tuesday when it is raining. Please click here for the next question. 94 32. The price-demand and cost equations for producing gadgets are given by: p (x) = (6000 - x)/30 and C (x) = 72000 + 60x for 0 x 6,000. A. Find the revenue function. A. R (x) = x (6000 - x)/30 B. R (x) = (6000 - x)/30x C. R (x) = x (72000 + 60x) D. R (x) = p (x) + C (x) E. None of the above 95 Sorry that answer is incorrect. To find the revenue function use R (x) = xp, where p is the price-demand function. Please click here to try again. 96 You have what it takes. The correct answer is R (x) = xp = x (6000 - x)/30 NOTE: You will need this answer for the next question. Please click here for the next question. 97 33. The price-demand and cost equations for producing gadgets are given by: p (x) = (6000 - x)/30 and C (x) = 72000 + 60x for 0 x 6,000. A. Find the marginal revenue function. A. R’ (x) = 60000 – x/30 B. R’ (x) = p’ (x) – C’ (x) C. R’ (x) = 200 – x/15 D. R’ (x) = 200 – x/30 E. None of the above 98 Not the correct answer. To find the marginal revenue function you need to find the derivative of the revenue function from the previous problem. R (x) = x (6000 - x)/30 Please click here to try again. 99 Great calculus work. The correct answer is the derivative of R (x) = x (6000 - x)/30 R (x) = x (6000 - x)/30 = 200x – x 2/30 and R’ (x) = 200 – 2x/30 = 200 – x/15 NOTE: You will need this answer for the next question. Please click here for the next question. 100 34. The price-demand and cost equations for producing gadgets are given by: p (x) = (6000 - x)/30 and C (x) = 72000 + 60x for 0 x 6,000. C. Find the marginal revenue at x = 1500. A. $25 B. $100 C. $75 D. $125 E. None of the above 101 Sorry incorrect. Try the following hint. Plug 1500 into the marginal revenue equation (answer to the previous problem) for x and solve for R’ (x), Please click here to try again. 102 Great work. The marginal revenue equation is R’ (x) = 200 – x/15 and R’ (1500) = 200 – 1500/15 = 200 - 100 = $100 NOTE: You will need this answer for the next question. Please click here for the next question. 103 35. The price-demand and cost equations for producing gadgets are given by: p (x) = (6000 - x)/30 and C (x) = 72000 + 60x for 0 x 6,000. D. Write a brief interpretation of the result of the previous problem. Go ahead, I’ll wait for you. Click here to see a representative correct answer. 104 At a sales rate of 1500, the revenue will be about $100 on the sale of the next gadget. Please click here for the next question. 105 36. The price-demand and cost equations for producing gadgets are given by: p (x) = (6000 - x)/30 and C (x) = 72000 + 60x for 0 x 6,000. E. Find the profit function. A. P (x) = 260x – x 2/30 - 72000 B. P (x) = C (x) – R (x) C. P (x) = 140x – x 2/30 - 72000 D. P (x) = 140x – x/30 - 72000 E. None of the above 106 Too bad, that is incorrect. The profit function is found by subtracting cost from revenue, or P (x) = R (x) – C (x) Please click here to try again. 107 Well done! The correct answer is P (x) = 140x – x 2/30 - 72000 P (x) = R (x) – C (x) = (200x – x 2/30) – (72000 + 60x) = 140x – x 2/30 - 72000 NOTE: You will need this answer for the next two questions. Please click here for the next question. 108 37. The price-demand and cost equations for producing gadgets are given by: p (x) = (6000 - x)/30 and C (x) = 72000 + 60x for 0 x 6,000. E. Find the marginal profit function. A. P’ (x) = 140x – x 2/30 - 72000 B. P’ (x) = 140 – x/30 C. P’ (x) = 140 – x/15 D. P’ (x) = 140x – x/15 E. None of the above 109 Sorry that is incorrect. The marginal profit is the derivative of the profit and the profit was found in the previous problem. Please click here to try again. 110 Well done! The correct answer P’ (x) = 140 – x/15 Take the derivative of P in the previous problem. P (x) = 140x – x 2/30 – 72000 and P’ (x) = 140 – x /15 Please click here for the next question. 111 38. Use the profit equation from #36 to find when the maximum profit occurs. A. $ 2,100 B. 58.9 C. $75,000 D. 2100 E. None of the above 112 No that is incorrect. The profit equation from #36 is below. Find where the profit is a maximum P (x) = 140x – x 2/30 - 72000 Please click here to try again. 113 Sorry that is not the correct answer, but it is close. You were asked to find where the maximum profit occurs. You want the x value not the x value. Please click here to try again. 114 Terrific! The correct answer 2100. Did you use your calculator to find that? You will probably be asked to find the price that gives the max profit. Plug 2100 into the price equation in problem #36. 0 < x < 100 and 0 < y < 200. Please click here for the next question. 115 39. Given the price-demand equation f (p) = 12,000 – 10 p 2. A. Find the elasticity of demand. 2 A. C. 20 p 12000 10p 2 20 p 12000 10p 2 2 B. 2p 1200 p 2 D. 20 p 2 12000 10p 2 E. None of the above 116 Sorry that answer is incorrect. The Elasticity of Demand is p f ' (p ) E (p ) f (p ) Please click here to try again. 117 You are a derivating genius. The correct answer is 20 p 2 E (p ) 12000 10p 2 p f ' (p ) p ( 20p) 20 p 2 E (p) 2 2 f (p ) (12000 10p ) 12000 10p You will need this answer for the next question. Please click here for the next question. 118 40. Given the price-demand equation f (p) = 12,000 – 10 p 2. B. If p = 10, is the demand elastic, inelastic, or does it have unit elasticity? A. Elastic B. Inelastic D. Unit Elasticity 119 Not the correct answer. Use the results for the last question and substitute 10 for p. Please click here to try again. 120 Great work. The correct answer is inelastic! 20 10 2000 E (10) 0.18 2 12000 1000 12000 1010 2 Since E(p) < 1 the demand is inelastic. Please click here for the next question. 121 41. A rock is thrown into a pond and causes a circular ripple. If the radius of the ripple is increasing at 2 feet per second, how fast is the circumference changing when the radius is 10 feet? (Note: C = 2πR.) A. 25 B. 12.57 C. 6.28 D. 333.33 E. None of the above 122 Sorry incorrect. Try the following hint. Implicit differentiation the C equation with respect to t (time) and substitute what you know and solve for what you don’t know. Please click here to try again. 123 Great implicit differentiation. The correct answer is 12.57. If C = 2r then dC/dt = 2 dr/dt and dC/dt = 2 2 = 4 12.57 Please click here for the next question. 124 42. A company making calculators has the following functions: C (x) = 72,000 + 60x and R (x) = 200x – x 2/30. C. If production is increasing at 500 calculators per week find the rate of increase in the cost over time. A. $25,00 B. $468.75 C. $12,500 D. $ 30,000 E. None of the above 125 Sorry that answer is wrong. Implicit differentiation the C(x) equation with respect to t (time) and substitute what you know and solve for what you don’t know. Please click here to try again. 126 WOW, yes a tough one! The correct answer is $30,000. If C (x) = 72,000 + 60x then dC\dt = 60 dx/dt And since dx/dt = 500 then dC\dt = (60) (500) = $ 30,000 Please click here for the next question. 127 43. The price demand equation is x 2 + 2xp + 25 p 2 = 74,500. A. If the price is increasing at a rate of $2 per month when the price is $30, find the rate of change of the demand. A. 200 B. 175 C. - 8.26 D. - 255 E. None of the above 128 Too bad, that is incorrect AND this is a tuff one! Implicit differentiation x 2 + 2xp + 25 p 2 = 74,500 with respect to t (time) and substitute what you know and solve for what you don’t know. Please click here to try again. 129 Well done! The correct answer is x + 2 + 2000/x If x 2 + 2xp + 25 p 2 = 74,500 [NOTE: when p = 30 x = 200. Use you calculator to confirm that.] Then 2x dx\dt + 2x dp/dt + 2p dx/dt + 50p dp/dt = 0 And solving for dx/dt (what we want to find) gives dx dt 2x dp 50 p dp dt 2x 2p dt 2 200( 2) 50 ( 30) ( 2) 8.26 2 200 2 ( 30) Please click here for the next question. 130 44. A new employee is able to assemble N units after t days according to the relationship: N (t) = 10(1 – e – 0.5 t ) B. What is the rate of assembly after 5 days? A. 37 B. 41 C. 0.41 D. 0.37 E. None of the above 131 Sorry that is incorrect. Remember the derivative is the rate of change. You want the derivative of the given function evaluated when x = 5. Please click here to try again. 132 Well done! The correct answer 0.41 Did you use your calculator to find that? Graph the given function and use dy/dx under the “Calc” menu at x = 5. Please click here for the next question. 133 That was a lot of review. I hope you found it helpful. Good luck on the test! 134