Exam 3: Differentiation
Exam 1: Preliminaries183 Questions
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Suppose
measures an economy's personal consumption expenditure and x the personal income, both in billions of dollars. Then,
measures the economy's savings corresponding to an income of x billion dollars. Then
.
The quantity dS/dx is called the marginal propensity to save.
For the consumption function
, where
and x are measured in billions of dollars, find the marginal propensity to save when
.






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(Multiple Choice)
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Correct Answer:
A
Suppose the wholesale price of a certain brand of medium-sized eggs p (in dollars/carton) is related to the weekly supply x (in thousands of cartons) by the equation
. If 25,000 cartons of eggs are available at the beginning of a certain week and the supply is falling at the rate of 1,000 cartons/week, at what rate is the wholesale price changing?
(Hint: To find the value of p when, solve the supply equation for p when).

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(Multiple Choice)
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Correct Answer:
C
If the marginal profit function is positive at
, then it makes sense to increase the level of production.

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(True/False)
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Correct Answer:
true
Find the derivative of the function by using the rules of differentiation.

(Multiple Choice)
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Pulsar manufactures a series of 19-in. color television sets. The quantity x of these sets demanded each week is related to the wholesale unit price p by the equation
. The weekly total cost incurred by Pulsar for producing x sets is
dollars. Compute
,
,
.





(Multiple Choice)
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Find the slope and an equation of the tangent line to the graph of the function f at the specified point.

(Multiple Choice)
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Find the given limit by evaluating the derivative of a suitable function at an appropriate point.

(Multiple Choice)
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The distance s (in feet) covered by a car after t sec is given by
. Find a general expression for the car's acceleration at any time
.


(Multiple Choice)
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The demand equation is
.
Compute the elasticity of demand and determine whether the demand is elastic, unitary, or inelastic at
.


(Multiple Choice)
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The percent of mothers who work outside the home and have children younger than age 6 yr is approximated by the function
where t is measured in years, with
corresponding to the beginning of 1980. Compute
. Round your answer to the nearest thousandth.
__________% per year in the second power




(Short Answer)
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Find the slope and an equation of the tangent line to the graph of the function f at the specified point.
;


(Multiple Choice)
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In a test flight of the McCord Terrier, McCord Aviation's experimental VTOL (vertical takeoff and landing) aircraft, it was determined that t sec after liftoff, when the craft was operated in the vertical takeoff mode, its altitude (in feet) was
. Find an expression for the craft's acceleration at time t.

(Multiple Choice)
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