MATH 110 ALL MODULES EXAM 1– FINAL STUDY
PAPER 2026 COMPLETE QUESTIONS AND
ANSWERS
◉ Power Function. Answer: ex: f(x)= 2x^5, 3x^-2, square roots, etc
Powers can be any real number (including negatives and fractions)
*does NOT have a degree*
◉ All polynomial functions are power functions.... Answer: but the
reverse is not true! Not all power functions are polynomial functions
◉ Equilibrium Point. Answer: occurs where the supply function
equals the demand function
s(x) = d(x)
◉ To find equilibrium *quantity*. Answer: set s(x)=d(x) and solve
for x
, ◉ To find equilibrium *price*, p. Answer: set s(x)=d(x) and solve for
x and plug it back into either s(x) or d(x)
◉ Demand p(x). Answer: p denotes price and x is the amount
produced
◉ Revenue R(x). Answer: R(x)= x * p(x)
◉ Total Cost C(x). Answer: Fixed cost + variable cost
◉ Avg. Cost. Answer: C(x) / x
◉ Profit P(x). Answer: R(x) - C(x)
◉ Break Even Level. Answer: Where R(x) = C(x) or
Where P(x) = 0
◉ Limits. Answer: The limit is the *y-value* that a function
*approaches* as it gets closer and closer to a given x-value
PAPER 2026 COMPLETE QUESTIONS AND
ANSWERS
◉ Power Function. Answer: ex: f(x)= 2x^5, 3x^-2, square roots, etc
Powers can be any real number (including negatives and fractions)
*does NOT have a degree*
◉ All polynomial functions are power functions.... Answer: but the
reverse is not true! Not all power functions are polynomial functions
◉ Equilibrium Point. Answer: occurs where the supply function
equals the demand function
s(x) = d(x)
◉ To find equilibrium *quantity*. Answer: set s(x)=d(x) and solve
for x
, ◉ To find equilibrium *price*, p. Answer: set s(x)=d(x) and solve for
x and plug it back into either s(x) or d(x)
◉ Demand p(x). Answer: p denotes price and x is the amount
produced
◉ Revenue R(x). Answer: R(x)= x * p(x)
◉ Total Cost C(x). Answer: Fixed cost + variable cost
◉ Avg. Cost. Answer: C(x) / x
◉ Profit P(x). Answer: R(x) - C(x)
◉ Break Even Level. Answer: Where R(x) = C(x) or
Where P(x) = 0
◉ Limits. Answer: The limit is the *y-value* that a function
*approaches* as it gets closer and closer to a given x-value
