Final%20Exam%20Topics

# Final%20Exam%20Topics - ECO 3401 Quantitative Tools I Final...

This preview shows pages 1–2. Sign up to view the full content.

ECO 3401 – Quantitative Tools I, Final Exam Topics Section Linear functions o Given supply and demand functions, determine equilibrium quantity and price. 1.2 o Given fixed cost, variable cost and price, derive a firm’s p rofit function. 1.2 o Given fixed cost, variable cost and price, determine the break-even point . 1.2 Systems of linear equations and matrices o Solve a 2 × 2 system of linear equations using the Gauss-Jordan method. 2.2 o Solve a 2 × 2 system of linear equations using the matrix inverse method. 2.5 Non-linear functions o Use the quadratic formula to solve a quadratic equation. 10.2 o Determine if the graph of a quadratic equation opens upward or downward. 10.2 o Given a profit function in the form P(x) = ax 2 + bx + c , calculate the apex of the graph of the function to determine the profit maximizing quantity x and maximum profit P(x) . 10.2 o Given a cost function in the form C(x) = ax 2 + bx + c , calculate the apex of the graph of the function to determine the cost minimizing quantity x and minimum total cost C(x) . 10.2

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### Page1 / 2

Final%20Exam%20Topics - ECO 3401 Quantitative Tools I Final...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online