BackCollege Algebra Study Notes: Sequences, Series, and Financial Applications
Study Guide - Practice Questions
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- #1 Multiple ChoiceA manufacturer wants to maximize profit by producing two products, A and B. The profit function is given by $P(x, y) = 5x + 4y - 0.5x^2 - 0.25y^2$, where $x$ and $y$ are the number of units produced of A and B, respectively. What is the maximum profit, and how many units of each product should be produced?
- #2 Multiple ChoiceGiven the quadratic function $f(x) = -2x^2 + 8x + 10$, what is the maximum value of $f(x)$ and at what value of $x$ does it occur?
- #3 Multiple ChoiceA company invests $P$ dollars at an annual interest rate of $r$ compounded annually. The amount after $t$ years is given by $A = P(1 + r)^t$. If $P = 1000$, $r = 0.05$, and $t = 3$, what is the final amount?
Study Guide - Flashcards
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