FinalMTH101Fall005 - Exam Name_ SHORT ANSWER. Write the...

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Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 1) 1) In 2005, the UAE population was approximately 3 millions people. Assuming the population is growing at a rate of 1.5% compounded annually. Approximately, what will the UAE population in 2010? (5 points) 2) 2) If you pay $5,500 for a simple interest note that will be worth $6,000 in 21 months, what annual simple interest rate will you earn? (5 points) 3) 3) Assume that the price per unit p of a certain item to the consumer is given by the equation p = 35 - .10 x , where x is the number of units in demand. The price per unit from the supplier is given by the equation p = .2 x + 20, where x is the number of units supplied. Find the equilibrium point. What is the revenue on selling 100 units ? (6 points) 1
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4) 4) a) A small company that makes hand - sewn leather shoes has fixed costs of $320 a day (i.e. 320 dollars when number of units is zero) and total costs of $1200 per day at an output of
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This note was uploaded on 10/18/2011 for the course MATHS MTH 101 taught by Professor Leduc during the Fall '08 term at American University of Sharjah.

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FinalMTH101Fall005 - Exam Name_ SHORT ANSWER. Write the...

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