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Vo Thi Minh Ngoc-Au12hcm-Algebra-Final Exam
Vo Thi Minh Ngoc-Au12hcm-Algebra-Final Exam
Vo Thi Minh Ngoc-Au12hcm-Algebra-Final Exam
Final Examination
Your answer:
QUESTION 1
b) Total revenue= P ×Q
−Q
Given that price= 150 10
−Q
So, in place of P, we can put 150 10 ∈TR equation
−Q
So TR= (150 10 ) Q
= 150Q −¿ ¿
−Q2
= 120Q −11,000
10
¿ cost
d) Breakeven level of output= Revenue price−variable cost
11,000 11,000
So, breakeven level of output= 50−30 = 20 =550 units
e) + f )
QUES
Step 1
Profit =
Step 2
Break Even point where the total revenue is equal to total cost which implies profit
is equal to zero.
b) Now q = 100
Profit = - 800,000
= 10000(3.005)
≈ 30,054
Final Cost of the car with insurance and tax = 50,000 + 2100 = 52,100
QUESTION 3
r
Amount after 4 years is A = P (1+¿ n ) nt
n = 4 (compounding in a year)
t=4
r = 3%
P = 2,000
0.03
A = 2,000 ×(1+ 4 ) 4x4
A 2,000 × (1.0075)16
A = 2,254
Effective Interest = 2, 254- 2, 000
Effective Interest = pounds 254