Test Formulas: Financial Formulas.jpg Directions: Identify the appropriate formula, define each variable, and show all steps of your work to solve the following question. Part a)  Ydhalia wants to have $550,000 for retirement in 35 years. Her account earns 2.5% interest. How much would Ydhalia need to deposit in the account each week? Part b) How much interest would Ydhalia earn?

Test Formulas:Total Cost = Fixed Cost + (Variable Cost) * xRevenue = (price – demand) * xProfit = Revenue – CostQuestion 1 – 4 use the following situation: The unit cost, in dollars, to produce bins of cat food is $6.50 and the fixed cost is $6040. The price-demand function, in dollars per bin, is p(x)=325-4x.Determine the revenue function.

For a Democracy to be successful, it needs to have Capitalism as its economic structure. 

Which are true about the Tenth Amendment?   Check all that apply. Check only correct answers. Points will be deducted for incorrect answers.  (2 Correct Answers).

Which is true of Elites and Elitism? 

Test Formulas:Quadratic Formula:   x=-(B)±(B)2-4(A)(C)2(A)Question 1 – 4 use the following situation: The unit cost, in dollars, to produce bins of cat food is $6.50 and the fixed cost is $6040. The price-demand function, in dollars per bin, is p(x)=325-4x.At what quantities are the break-even points? Round to the nearest whole number, if needed, and label your answer.

In the U.S. Federalism structure, states vary widely in terms of their laws on controversial laws such as gun restrictions and abortion rights. 

The Vice-President’s only constitutional responsibility is to Preside over the Senate and to break a tie vote if the Senate vote is tied. 

Which U.S. Supreme Court cases were decided based on the 14th Amendment to the U.S. Constitution (Equal Protection)?   Check all that apply. Check only correct answers. Points will be deducted for incorrect answers.  

What is the key to ensuring that a relatively small number of people, selected in a way so that each has an equal chance of being chosen, can accurately represent the opinions of a larger population?