Calculus and Finance Quiz
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Questions and Answers

What does the statement C(200) = 100,000 represent?

It represents that the total cost to manufacture 200 iPhones is $100,000.

What is the interpretation of C'(200) = 500?

This indicates that the cost of manufacturing one additional iPhone at the production level of 200 iPhones is $500.

How would you approximate the cost of manufacturing 203 iPhones?

The approximate cost for 203 iPhones is $101,500.

What is the limit of f(x) as x approaches 7 from the left, assuming f(x) is defined as squared function?

<p>The limit is 48.</p> Signup and view all the answers

What value does lim f(x) as x approaches 7 from the right yield?

<p>The limit is 2.</p> Signup and view all the answers

What is the overall limit of f(x) as x approaches 7?

<p>The overall limit is 2.</p> Signup and view all the answers

What is the limit of (2x + 3)/(4x^5 - 1) as x approaches infinity?

<p>The limit is 0.</p> Signup and view all the answers

How do you calculate when an investment of $30,000 will grow to $90,000 at continuous compounding interest?

<p>The time is calculated as t = ln(60000)/0.0727.</p> Signup and view all the answers

What is the limit of (x² + 1) / (x + 3) as x approaches -3?

<p>Undefined.</p> Signup and view all the answers

Calculate the limit of (x - 3) / (3x² + x - 12) as x approaches 3.

<p>1/7.</p> Signup and view all the answers

What is the limit of (√x - 8) / (x - 64) as x approaches 64?

<p>1/16.</p> Signup and view all the answers

Using the limit definition, what is the derivative f'(-1) for f(x) = x² - 3x + 2?

<p>-1.</p> Signup and view all the answers

What is the equation of the tangent line to the curve f(x) = x² - 3x + 2 at the point (-1, 6) in slope-intercept form?

<p>y = -1x + 5.</p> Signup and view all the answers

What is the left-hand limit of f(x) as x approaches -4?

<ol> <li></li> </ol> Signup and view all the answers

State whether f(x) is continuous at x = 1 based on the given limits.

<p>No.</p> Signup and view all the answers

What is the value of f(6)?

<ol start="2"> <li></li> </ol> Signup and view all the answers

What is the limit of the function as x approaches -3 for the expression (x² + 1)/(x + 3)?

<p>Undefined.</p> Signup and view all the answers

Using the limit method, what is the limit of (x - 3)/(3x² + x - 12) as x approaches 3?

<p>1/7.</p> Signup and view all the answers

What is the derivative f'(-1) using the limit definition for the function f(x) = x² - 3x + 2?

<ol start="2"> <li></li> </ol> Signup and view all the answers

What is the equation of the tangent line to the graph of f(x) = x² - 3x + 2 at the point (-1, 6)?

<p>y = -1x + 5.</p> Signup and view all the answers

What is the limit of f(x) as x approaches -4 from the left?

<ol> <li></li> </ol> Signup and view all the answers

Is the function f continuous at x = 1? If not, state the reason.

<p>No, because the limit does not exist at this point.</p> Signup and view all the answers

What is the limit of f(x) as x approaches 6 from the right?

<ol start="5"> <li></li> </ol> Signup and view all the answers

Explain why the interpretation of the limit as x approaches infinity of (2x + 3) / (4x⁵ - 1) equals 0. Include reasoning.

<p>As x approaches infinity, the highest degree terms dominate, so the fraction simplifies to $0$ because $2/4x^5$ approaches $0$. Thus, all lower degree terms become negligible.</p> Signup and view all the answers

Calculate the precise value of t when $30,000$ is invested at an interest rate of $7.27%$ compounded continuously to reach $90,000$. Include necessary steps.

<p>By solving the equation $90,000 = 30,000 e^{(0.0727)(t)}$, we find $t = \frac{ln(60000)}{0.0727}$ which gives the exact time.</p> Signup and view all the answers

Describe the significance of C'(200) = 500 in the context of manufacturing costs.

<p>C'(200) = 500 means that at the production level of 200 iPhones, the cost of producing one additional iPhone is $500. This indicates marginal cost behavior.</p> Signup and view all the answers

What method can you use to evaluate the limit of f(x) as x approaches 7, and what is the expected outcome?

<p>By applying the piecewise definition of f(x), we find $ ext{lim } f(x) = 2$ as both sides converge to this value near $x=7$.</p> Signup and view all the answers

Given the function f(x) described, what can you infer about the continuity of f(x) at x = 7?

<p>f(x) is continuous at x = 7 since the limit from both sides as x approaches 7 equals f(7), which is $2$.</p> Signup and view all the answers

For the limit calculation of (4x^5 - 1) / (7x^5 + 1) as x approaches infinity, what is the simplification that occurs?

<p>As x approaches infinity, the limit simplifies to $ rac{4}{7}$ due to the dominance of the highest degree terms.</p> Signup and view all the answers

Using the cost function C(x), how would you estimate the cost of producing a small number of items beyond a given point?

<p>You can approximate the cost for 203 iPhones as $C(200) + C'(200) imes 3 = 100000 + 500 imes 3 = 101500$.</p> Signup and view all the answers

Why is showing all work important in math exams, particularly in related limits and cost calculations?

<p>Showing work is crucial as it demonstrates the understanding of the methods used and ensures partial credit can be awarded for correct reasoning even if answers are incorrect.</p> Signup and view all the answers

Study Notes

Exam Questions and Solutions

  • Question 1a: Interpreting C(200) = 100,000. It will cost $100,000 to manufacture 200 iPhones.

  • Question 1b: Interpreting C'(200) = 500. It costs $500 to make one additional iPhone (at a production level of 200 iPhones).

  • Question 1c: Approximating the cost of making 203 iPhones. Calculate the cost for 200 iPhones ($100,000) plus the additional cost of making three iPhones ($500/phone * 3 phones = $1,500). Therefore, the total approximate cost is $101,500.

Limits and Continuity

  • Question 2a: Finding the limit of f(x) as x approaches 7. The limit from the left (x→7−) is 48; from the right (x→7+) is 48. Thus, the limit is 48.

  • Question 2b: Finding the limit of (2x + 3)/(4x⁵ − 1) as x approaches infinity. The limit is 0.

  • Question 2c: Finding the limit of (4x⁵ − x)/(7x⁵ + 5x) as x approaches infinity. The limit is 4/7.

Compound Interest

  • Question 3: Calculating the time to reach $90,000 in an account with $30,000 invested at 7.27% compounded continuously. The exact time is ln(3) / ln(1.0727) years.

Limits using Graph

  • Question 6: Determining various limits and function values by inspecting the provided graph. Includes limits from the left and right, function values, and continuity at specified points on the graph. (Answers for each limit/function value are provided in the table; no further explanation needed)

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Test your understanding of key concepts in calculus and finance with this quiz! Questions cover manufacturing costs, limits, continuity, and compound interest calculations. Assess your grasp on critical mathematical principles and their applications.

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