A162 PDF
A162 PDF
A162 PDF
A= [ ]
B=[ ]
C=[ ]
[ ] [ ] (3 marks)
iii) Find the equilibrium price (Px*, Py* and Pz*) for each market. (9 marks)
1
BEEQ1013 INTRODUCTION TO MATHEMATICAL ECONOMICS
NO. MATRIK/MATRIC NO.:_______________________
i) (2 marks)
ii) (3 marks)
i) ( ) (3 marks)
ii) ( ) (3 marks)
( ) { ; ( ) {
i) Show that ( ) exist by studying the one-sided limits of f as x approaches
x = 0. (2 marks)
d) Given the average cost function to produce one unit of cap is;
( )
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BEEQ1013 INTRODUCTION TO MATHEMATICAL ECONOMICS
NO. MATRIK/MATRIC NO.:_______________________
i) ( ) (2 marks)
ii) ( ) (2 marks)
iii) (3 marks)
iv) (3 marks)
c) The monthly demand for certain brand of perfume is given by the demand equation
P = 0.02x + 300 (0 x 15000)
where P denotes the wholesale unit price in dollars and x denotes the quantity demanded.
Suppose the cost (in dollars) of producing x units of the perfume is;
C(x) = 0.000003x3 0.04x2 + 200x + 70000
i) Find the revenue function R, the profit function P and average cost function .
(5 marks)
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BEEQ1013 INTRODUCTION TO MATHEMATICAL ECONOMICS
NO. MATRIK/MATRIC NO.:_______________________
a) Determine the intervals where the graph of the function f(x) = x + is concave upward and
where it is concave downward.
(8 marks)
b) The demand for Durian between 2000 and 2015 is estimated to be;
D(t) = 0.0007t2 + 0.0265t + 2 (0 t 15)
where D(t) is measured in million and t = 0 corresponds to the year 2000. The supply of
Durian over the same time period is estimated to be;
S(t) = 0.0014t2 + 0.0326t + 1.9 (0 t 15)
where S(t) is also measured in million.
i) Find an expression G(t) giving the gap between the demand and supply of Durian
over the period in question.
(3 marks)
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BEEQ1013 INTRODUCTION TO MATHEMATICAL ECONOMICS
NO. MATRIK/MATRIC NO.:_______________________
ii) Solve for expression G(t) to get the interval where G is decreasing and where it is
increasing. Interpret your result.
(7 marks)
END OF QUESTIONS