MATH 1071Q Study Guide - Final Guide: Marginal Revenue, Marginal Cost, Power Rule
Document Summary
Sections a. 1, a. 2 and a. 6 were review material. There will not be speci c questions focused on this material but you should know how to: simplify functions with exponents. Find the equation for linear functions given a point and a slope or two points. All of these skills are tested throughout the course. Find equations for cost, revenue and pro t (using linear models). Understand the basics of the supply and demand curves. Find equilibrium and break-even points: a cost model is given by 3x + 400. What is your break even point: the revenue function for a certain product is r(x) = 2x2 + 15x. Know the formula for continuously compounded interest a = p ert and how to apply it. (you do not need to know the formula for interest compounded n times for year. ) Know how to nd the present value: a bank account earns 4% interest compounded continuously.
