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Directions Solve the following problems using the bottom of each page or any blank space for scratch-work.
Answer the questions according to the instructions in each part. Write your name, ID number, section,
and seat number in the space provided on each page. A calculator is NOT allowed for this exam.
Page 1 scratch-work
Name ID # Section # Seat #
SCORE
Problem 1 8 points
Answer the following questions. No partial credits are given. Points are awarded based on final answers only.
x
1.1 lim = (1 pt.)
x!5 5 x
dy
1.3 Let f (x) = 22 + 2x. Then = (1 pt.)
dx x=1
1.6 An equation of the tangent line to the curve y = 4x2 6x 5 at the point ( 1, 5) is (circle the correct
answer). (2 pts.)
A. y = 14x 9
B. y = 14x + 71
C. y = 14x + 19
D. y = (8x 6)(x + 1) + 5
E. y = 8x 6
Page 2 scratch-work
Name ID # Section # Seat #
SCORE
Problem 2 8 points
Choose the correct answer from the given multiple choices below. You must show your work that is aligned
with the chosen choice. No partial credit is to be given for this question. (2 pts.)
A. 0
B. 1
C. e
D. 2e
E. 4e
2.2 A company manufactures two products, X and Y , and the joint cost function for these products is given
by c = 3xy + ex + (x + y)3 , where c is the total cost, in dollar, of producing x units of X and y units of Y .
(6 pts.)
(a) Determine the marginal cost with respect to y when x = 1 and y = 2.
(b) From the above condition, should the manufacturer produce the 3rd unit of Y when X is held constant
at 1 unit if it can sell Y product for $25 each? Give your reason.
Page 3 scratch-work
Name ID # Section # Seat #
Page 4 scratch-work
Name ID # Section # Seat #
SCORE
Problem 3 9 points
3.2 A manufacturer has determined that, for a certain product, the average cost in dollar per unit is given by
100
c̄ = 2q 2 42q + 240 + ,
q
(b) If the production level were allowed to be within the interval [0, 10], what value of q would minimize
the total cost?
Page 5 scratch-work
Name ID # Section # Seat #
Page 6 scratch-work
Name ID # Section # Seat #
SCORE
Problem 4 20 points
4.1 Suppose that the demand equation for a monopolist’s product is p = 80 7q and the average-cost function
11
is c = 10 + , where q is number of units, and both p and c are expressed in dollars per unit. Determine
q
the price at which maximum profit occurs. Give a reason why the obtained value yields the maximum.
(5 pts.)
4.2 Let f (x) = x3 + 6x2 + (3 2x)3 . Determine where the function is concave up or concave down. Find the
x-values where points of inflection occur. (3 pts.)
Z a
4.3 If (1 + x) dx = 4, then what are the possible values of a ? (3 pts.)
0
Page 7 scratch-work
Name ID # Section # Seat #
(b) Find intervals on which the function f is increasing or decreasing; Find the coordinates of all relative
extrema of f. (3 pts.)
(c) Sketch the graph of the function f based on the information obtained from the previous questions.
(1 pt.)
Page 8 scratch-work
Name ID # Section # Seat #
SCORE
Problem 5 20 points
Z
x+2
(b) dx
x
Z
p
(c) 3x 5 x e2 dx
Z
5.2 If a function f satisfies ex ln x dx = f (x) + C, find the value of f 0 (e). (1 pt.)
Page 9 scratch-work
Name ID # Section # Seat #
Z
3x5
5.4 Find the indefinite integral: dx. (6 pts.)
(x3 + 1)2
Page 10 scratch-work
Name ID # Section # Seat #
SCORE
Problem 6 20 points
p 1
6.1 Region A is bounded above and below by the curves y = x, y = . The left boundary is the intersection
x
point between the two curves and the right boundary is the vertical line x = 4. Sketch the two curves.
Indicate this region and find its area. (6 pts.)
Z 3
p
e x+1
6.2 Evaluate p dx (7 pts.)
0 2 x+1
Page 11 scratch-work
Name ID # Section # Seat #
6.3 Given the demand function p = 400 2q, and the supply function p = q + 100.
(a) Find the price at which the market equilibrium occurs. (2 pts.)
(b) Find the consumers’ surplus under market equilibrium. You may use any method to calculate the area.
(5 pts.)
Page 12 scratch-work