cramming ma 121 exam

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8 Terms

1
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Compound Interest

A = P(1+r/m)^mt

2
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Continuous compound interest

A = Pe^rt

3
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R(x) =

X times p(x)

4
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P(X) =

R(x) - C(x)

5
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Marginal revenue

R’(x)

6
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average revenue

R(X)/(x)

7
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Marginal revenue interpretation

At the production level _____, revenue function is increasing (or decreasing) at a rate of $___ per unit.

8
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Break even point

R(x) = C(x)