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Math 1320: Functions and Revenue, Study notes of Mathematics

Various math problems related to functions and revenue. Students will learn how to find the weekly revenue earned by royal ruby retailers based on the price of rubies, find the value of a function for different inputs, and determine the domain of a function. Additionally, students will calculate the annual outlay for dental coverage and the net cost for a company.

Typology: Study notes

Pre 2010

Uploaded on 08/19/2009

koofers-user-rwz
koofers-user-rwz 🇺🇸

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Math 1320 Name:
Section 1.1: Functions from an Algebraic Viewpoint
#1. (s. 1.1, #32) The total weekly revenue earned at Royal Ruby Retailers is given by R(p) = −
3
4
p
2
+ 80
p,
where
p
is the price (in dollars) RRR charges per ruby. Use this function to determine…
a. The weekly revenue, to the nearest dollar, when the price is set at $20/ruby,
b. The weekly revenue, to the nearest dollar, when the price is set at $200/ruby (interpret your result).
c. The price RRR should charge in order to obtain a weekly revenue of $1200.
#2. Let f(x) =
4
1
+
x
. Find…a) f(x
2
) b) f(x
2
+ 1) c) f(x
2
) + 1
#3. Suppose f(x) = 4 – 2x − 3x
2
. Find the following.
a. f(0) b. f(–2) c. f(x + h) d. f(x + h) – f(x)
h
pf3
pf4

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Math 1320 Name:

Section 1.1: Functions from an Algebraic Viewpoint

#1. (s. 1.1, #32) The total weekly revenue earned at Royal Ruby Retailers is given by R ( p ) = − 34 p^2 + 80 p, where p is the price (in dollars) RRR charges per ruby. Use this function to determine… a. The weekly revenue, to the nearest dollar, when the price is set at $20/ruby,

b. The weekly revenue, to the nearest dollar, when the price is set at $200/ruby (interpret your result).

c. The price RRR should charge in order to obtain a weekly revenue of $1200.

#2. Let f(x) = (^) x^1 + 4. Find…a) f(x 2 ) b) f(x 2 + 1) c) f(x 2 ) + 1

#3. Suppose f(x) = 4 – 2x − 3x 2. Find the following. a. f(0) b. f(–2) c. f(x + h) d. f(x + h) – f(x) h

#4. (s. 1.1, #28) Scientific Research The number of research articles in Physics Review that were written by researchers in the U.S. from 1983 through 2003 can be approximated byhundred articles, where t is time in years since 1983. A ( t ) = −0_._ 01 t^2 + 0_._ 24 t + 3_._ 4 a. Find an appropriate domain of A. Is t ≤ 20 an appropriate domain? Why or why not?

b. Compute A (10). What does the answer say about the number of research articles?

#5. (s. 1.1, #40) Dental Plans A company pays for its employees’ dental coverage at an annual cost C given by C ( q ) = 1000 + 100 q , where q is the number of employees covered and C ( q ) is the annual cost in $. a. If the company has 100 employees, find its annual outlay for dental coverage.

b. Assuming that the government subsidizes coverage by an annual dollar amount of calculate the net cost function N ( q ) to the company, and calculate the net cost of subsidizing its S ( q ) = 200 q, 100 employees. Comment on your answer.