Business Math II (Math 115B), Section 8, Fall 2000
Review topics for Midterm 2

• Interpolation and extrapolation from a trend line
• Demand, Revenue, Cost, and Profit
  • Definitions
  • Typical graphs
  • Relations among D, R, C, and P
  • Consumer surplus
• Marginal Analysis:
  • Definition and interpretation of MD, MR, MC, MP
  • Typical graphs
  • Maxes and mins occur where marginal functions are 0
• Differentiation:
  • Definition and numerical computation of derivatives
  • Properties of the derivative
  • Maxes, mins, and the derivative
  • The derivative as slope of the tangent line
  • The derivative as instantaneous rate of change
  • Derivatives and integrals. Fundamental theorem of calculus
• Excel:
  • Ploting data and finding trend lines
  • Using Solver

Douglas Ulmer
November 21, 2000