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M.1 - OME Activity M1

The document outlines an asynchronous activity for students at Mary the Queen College Pampanga, focusing on mathematical concepts related to credit card debt and car rental costs. It includes problems requiring students to express functions, make predictions, and analyze supply and demand in the petroleum market. The activity encourages independent and honest responses from students.

Uploaded by

Angelica Francine Guanlao
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140 views2 pages

M.1 - OME Activity M1

The document outlines an asynchronous activity for students at Mary the Queen College Pampanga, focusing on mathematical concepts related to credit card debt and car rental costs. It includes problems requiring students to express functions, make predictions, and analyze supply and demand in the petroleum market. The activity encourages independent and honest responses from students.

Uploaded by

Angelica Francine Guanlao
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Mary the Queen College Pampanga

OME Lec.3
Asynchronous Activity M1

Name: _________________________________________ Date: ______________


Section: _______________________________________
Instruction: Answer each of the following honestly and independently.

1. A credit card company estimates that the average cardholder owed $7,853 in the year 2000 and $9,127 in 2005.
Suppose average cardholder debt D grows at a constant rate.
A. Express D as a linear function of time t, where t is the number of years after 2000.
B. Use the function in part A to predict the average cardholder debt in the year 2010.
C. Approximately when will the average cardholder debt be double the amount in the year 2000?

2. A car rental agency charges $75 per day plus 70 cents per mile.
A. Express the cost of renting a car from this agency for 1 day as a function of the number of miles driven.
B. How much does it cost to rent a car for 1-day trip of 50 miles?
C. The agency also offers a rental for a flat fee of $125 per day. How many miles must you drive on a 1-day trip
for this to be the better deal?

Supply and Demand


3. At a price of $2.28 per barrel, the supply of petroleum is 7,500 million barrels and the demand is 7,900 million
barrels. At a price of $2.37 per barrel, the supply of petroleum is 7,900 million barrels and the demand is 7,800
million barrel.

A. Find a price-supply and price-demand equation of the form p=mx+b .


B. Find the equilibrium point and graph the price-demand and price-supply equation.
(The grid lines shown below is just an option, you may use any alternative grid for your
preference)
p(x)

“The only failure is giving up”


Sir Anre

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