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Mathematics 116 test two solutions Thursday, November 4, 2004 1. Find a formula for a linear function f (x) which has function values f (2) = 70 and f (4) = 90. x 2 4 y 70 90 y − 70 = 10(x − 2) 90 − 70 m= = 10 4−2 y = 10x + 50 f (x) = 10x + 50 2. Calculate the minimum value of g(x) = 2x2 − 80x + 860, and the value of x at which the minimum value occurs. occurs at x = − b −80 =− = 20 2a 2(2) maximum value = g(20) = 2(20)2 − 80(20) + 860 = 60 3. Sketch a graph of the quadratic function y = −.04x2 + 2x + 5 Include in your sketch the exact location of the vertex and x & y intercepts. vertex: x=− b 2 =− = 25 2a 2(−.04) y y = y(25) = −.04(25)2 + 2(25) + 5 = 30 30 y-intercept: (0, 5) x-intercepts: x= −b ± √ b2 − 4ac 2a 5 x -2.39 x= −2 ± q 4 − 4(−.04)(5) 2(−.04) x ≈ −2.39 or 52.39 25 52.39 page two 4. p (500, 5) !bà !! 5 4 3 2 1 ! !! ! !!supply !! HH H HH H !! !H !H ! H ! HH ! ! ! H demand HH H H 100 200 300 400 (a) Find an equation for the supply line m= (b) Find an equation for the demand line 1 5−1 = 500 − 0 125 equation: q 500 m= 0−4 1 =− 400 − 0 100 equation: p= 1 q+1 125 p=− 1 q+4 100 (c) Find the equilibrium point (the price & quantity at which the two lines intersect) 1 1 q+1=− q+4 125 100 multiply by 500 4q + 500 = −5q + 2000 =⇒ q = 500 ≈ 166.67 3 find p: p=− 1 1 500 7 q+4=− + 4 = ≈ 2.33 100 100 3 3 page three 5. Calculate the solution set of each system of equations: (a) x − 2y + 3z = −3 3x + y + 5z = 2 −x + 3y + 2z = −1 ( (b) x − y + 2z = 4 x+y−z = 0 ) Add the equations together to eliminate y: First eliminate the x: add equations 1 and 3: 2x + z = 4 y + 5z = −4 (equation 4) add equation 2 and three times equation 3 let x = r = any real number then z = 4 − 2x = 4 − 2r and from equation 2: y = −x + z = −r + (4 − 2r) = −3r + 4 10y + 11z = −1 (equation 5) solution: (x, y, z) = (r, 4 − 3r, 4 − 2r) Now solve for z by multiplying equation 4 by −10 and adding to equation 5: ( −10y − 50z = 40 10y + 11z = −1 ) −39z = 39 ⇒ z = −1 From equation (4): y = −5z − 4 = 1 From equation (1): x = 2y − 3z − 3 = 2 solution: (x, y, z) = (2, 1, −1) page four 6. Suppose that the price of a bus ride is linearly related to the number of bus riders. At a price of one dollar per bus ride, it is found that the bus company transports 400, 000 riders each day. When the price of a ride is $1.50, the bus company transports only 150, 000 riders. What price will maximize the bus company’s revenue? (where R = pq) summary of data (q in millions of riders and p in dollars): q p 0.4 1.00 0.15 1.50 Find the equation of the linear relation between q and p: m= 1.50 − 1.00 = −2 .15 − .40 (p − 1.00) = −2(q − 0.4) p = −2q + 1.8 Now an equation for the revenue can be found (R in millions of dollars): R = pq = (−2q + 1.8)q = −2q 2 + 1.8q The maximum value of the revenue occurs at (use vertex formula) q=− 1.8 = 0.45 millions = 450, 000 2(−2) p = −2q + 1.8 = −2(0.45) + 1.8 = $0.90