You can also use a 3 x 5 inch note card with formulas prepared in advance. For full credit, show your work in detail. If you use a calculator at some point, you should state that you are doing so: (22 points). Find the area between the the graphs of y = 8x and y = 2x2: (15 points). The rate of sales of a chipper jones autographed rookie baseball card is given in the following table. Sales per year 8 16 44 38 30 28. The total cost of production, in thousands of dollars, is c(q) = 2q3 16q2 + 35q, where q is in thousands and 0 q 10. Determine analyt- ically the exact value of q at which average cost is minimized and con rm it is a minimum. Are the cheddar bay biscuits a luxury item? (c) what is the e ect on the quantity demanded of a 2% price decrease.
