101 - 2018 - 3 - For DSC 101 Tut PDF

DSC1520/101/3/2018
Tutorial letter 101/3/2018
Quantitative Modelling 1
DSC1520
Semesters 1 and 2
Department of Decision Sciences
This is a fully online module.

Information available on myUnisa at
DSC1520-2018-S1 or DSC1520-2018-S2.
Communication through myLife e-mail account.
Bar code
Contents
1 Introduction and welcome 4
2 Lecturer and contact details 4

2.1 Lecturer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
2.2 Department . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
2.3 University . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
3 Student support system 5

3.1 E-tutors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
3.2 Face-to-face tutors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
4 Online services 5
4.1 myUnisa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
4.2 myLife . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
5 Study material 6
5.1 Printed study material . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
5.2 Where to buy the textbook . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
6 Overview of module 7
6.1 Purpose and outcomes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
6.2 Syllabus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
7 Calculator 7
8 Study approach 7
8.1 Study time . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8.2 Study method . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
9 Assessment 8
9.1 Compulsory assignments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9.2 Examination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9.3 Semester and examination marks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9.4 Assignment due dates and unique numbers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9.5 Submission of assignments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
10 Semester 1 – Compulsory assignments 9

10.1 Assignment 01 (S1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
2
DSC1520/101/3
10.2 Assignment 02 (S1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

10.3 Assignment 03 (S1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
11 Semester 2 - Compulsory assignments 25

11.1 Assignment 01 (S2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
11.2 Assignment 02 (S2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
11.3 Assignment 03 (S2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
3
1 Introduction and welcome
It is a pleasure to welcome you to this module, Quantitative Modelling 1.

We hope that you will find this module interesting and enjoyable and that you will complete it successfully.
This is a fully online module. You therefore need to go online to see your study material and read about
the module. The myUnisa website is at http://my.unisa.ac.za/ where you need to login with your student
number and password. If you do not have a password yet, go to Claim UNISA login (at the left) to register.
Once logged in, you will see the module site DSC1520-18-S1 or DSC1520-18-S2 at the top, depending on the
semester you are registered for. If you don’t see it, check under More Sites.
This tutorial letter (Tutorial letter 101) and the online study guide are supplied in printed format so you
can study from it even when you cannot go online.
2 Lecturer and contact details
You are welcome to contact your lecturer(s), the Department of Decision Sciences or the university when
you encounter study related problems during the semester.
Provide your student number and module code whenever you contact us.
2.1 Lecturer
You will find the name of the lecturer responsible for this module on the DSC1520 site on myUnisa. We
suggest that you write the name and contact details of the lecturer in the space below so it will be available
whenever you need to contact him/her.
Your lecturer will assist you with problems you may have with the study material (not administrative
matters). You may contact him/her by means of e-mail, telephone or fax. You may also visit him/her at
the office, but only by appointment.
2.2 Department
You can reach the Department of Decision Sciences in one of the following ways:
E-mail: [email protected]
Tel: 012 433-4684
Fax: 012 429-4898
4
DSC1520/101/3
2.3 University
We assume that you are acquainted with the contents of the brochure Study @ Unisa. This helpful document
is available on the myUnisa homepage — go to Undergraduate & honours. You may consult the online version
here or open the printable PDF version at the bottom of the list on the left.
Consult this brochure if you need to contact the university about matters not related to the content of this
module.
3 Student support system
Consult Study @ Unisa for information on the various student support systems and services available at
Unisa. For example, student counselling, tutorial classes and language support.
Unisa also provides student support through e-tutors and face-to-face tutors. These tutors are qualified
experts in the subjects for which they have been appointed.
3.1 E-tutors
E-tutoring entails the delivery of teaching and learning online via the internet. The e-tutors for DSC1520
undertake to support students in their groups to be successful in this module.
Students are grouped to e-tutors after the registration process has ended. You will receive a myLife e-mail
notification when you have been allocated to an e-tutor. You can contact and communicate with your e-
tutor through the e-tutor site on myUnisa named DSC1520-18-S1-E1 or DSC1520-18-S1-E2 (semester 1) or
DSC1520-18-S2-E1 or DSC1520-18-S2-E2 (semester 2).
3.2 Face-to-face tutors
For face-to-face contact sessions with a tutor, you need to go to the Unisa Regional Learning Centre (RLC)
nearest to you to enrol. In such face-to-face sessions students meet with their tutors in a classroom setup at
the RLCs.
The RLC will supply you with the dates and times of the sessions for the modules you have enrolled for.
Note that tutor classes are not presented at all RLCs, since there must be a certain minimum number of
students enrolled at an RLC for a face-to-face tutor to be appointed there.
4 Online services
This module is presented fully online and you need to have access to a computer that is linked to the internet.
If you do not have your own computer with internet access, consult Study @ Unisa for guidelines on how
and where to get access. (Under Prepare for your study success, go to Connect online.)
As a registered Unisa student you have free access to myUnisa (Unisa’s online campus) and you receive a
free myLife email address.
5
4.1 myUnisa
myUnisa is a platform where you can communicate electronically with your lecturers, other students and the
administrative departments of Unisa.
This is also where you will submit assignments, view results, join online discussion forums, etc.
4.2 myLife
Announcements, marked assignments and other forms of communication from Unisa will be sent to your
myLife e-mail address.
If you regularly use another e-mail account, we suggest that you configure your myLife account to forward
e-mails to this account.
5 Study material
The study material for this module consists of the following:
1. The prescribed book, Essential Mathematics for Economics and Business by Teresa Bradley,
John Wiley and Sons Publishing, Fourth Edition, 2013.
2. Tutorial letter 101, 2018 (this tutorial letter).
3. A module online study guide, intended to guide you through the textbook.
4. Additional tutorial letters that will be posted on myUnisa (under Additional Resources) during the
semester.
Important:
The textbook is the basis of the study material for this module.
Purchase the textbook as soon as possible.
It is not possible to pass this module without the textbook.
5.1 Printed study material
Printed copies of Tutorial letter 101 and the Study guide will be sent to all students.
These are exactly the same as the electronic versions available on myUnisa. If you haven’t received the
printed version, please do not waste valuable time by waiting for it to arrive before starting with your
studies. Download it from myUnisa and print it for yourself.
5.2 Where to buy the textbook
To find out where you can buy the textbook, consult the list of booksellers and their addresses that is
available on the myUnisa homepage under Books.
If you cannot obtain the textbook from these booksellers, please contact the Processing Section at the library
as soon as possible by sending an e-mail to [email protected].
6
DSC1520/101/3
6 Overview of module
6.1 Purpose and outcomes
The purpose, specific outcomes and assessment criteria of this module are available on myUnisa, under
Additional resources.
6.2 Syllabus
The study material is subdivided into five study units, namely
Study unit Topic

1 Linear functions
2 Simultaneous linear functions
3 Nonlinear functions
4 Differentiation
5 Integration
Details regarding the contents of each study unit can be found in the table of contents of the Study guide.
7 Calculator
You may use any (programmable) scientific or financial pocket calculator for this module. Although we say
“programmable”, you will not need the programmable features of such a calculator in this module.
8 Study approach
8.1 Study time
A semester is quite short and it is essential that you plan your study program carefully. Use the assignment
due dates as a guideline to manage your time in such a way that you master the study material, submit the
assignments on time and have enough time to prepare for the examination.
You will have to work consistently throughout the semester if you

wish to be successful in this module.
8.2 Study method
We suggest that you approach the study material as follows:
⊲ Work through each study unit in the study guide together with the textbook.
⊲ Follow the instructions carefully and do the activities on your own (with pen on paper).
⊲ Contact your lecturer (or e-tutor) if you need help with the study material, preferably before you carry
on with a new study unit.
7
9 Assessment
This module is assessed by means of three compulsory assignments (formative assessment) and a written
examination (summative assessment).
9.1 Compulsory assignments
To benefit fully from our formative tuition and assessment, you should complete and submit the three
compulsory assignments before or on the due dates. Assignments 01 and 03 consist of multiple-choice
questions (MCQ) and Assignment 02 is a written assignment.
9.2 Examination
To gain admission to the examination, you must submit the compulsory assignments before or on the due
dates.
The examination at the end of the semester will consist of a two hour MCQ paper.
9.3 Semester and examination marks
The assignments all count towards your semester mark, which contributes 20% to your final mark for the
module. Assignments 01 and 03 (MCQ) each contributes 30% to the semester mark, while Assignment 02
(written) contributes 40%.
The written examination contributes 80% to the final mark. A subminimum of 40% applies to the examina-
tion. This means that your year mark will not be taken into account if your examination mark is less than
40%. In this case your examination mark will also be your final mark.
9.4 Assignment due dates and unique numbers
The assignment due dates and unique numbers for the first and second semesters are as follows:
Assign- Dates and unique numbers

ment Type First semester Second semester Weight
01 MCQ 6 March 2018 811139 17 August 2018 839067 30%
02 Written 29 March 2018 737185 7 September 2018 787793 40%
03 MCQ 23 April 2018 731948 4 October 2018 847088 30%
9.5 Submission of assignments
You must submit all assignments electronically through myUnisa. See Study @ Unisa for instructions to
submit MCQ assignments.
To submit a written assignment electronically, you can either write it by hand and scan it in PDF format,
or you can type it in MSWord (or a similar word processing package) and then save it as a PDF before
submitting it.
8
DSC1520/101/3
10 Semester 1 – Compulsory assignments
10.1 Assignment 01 (S1)
This MCQ assignment is compulsory.
Due date Unique number

6 March 2018 811139
Instructions
⊲ Work through Study units 1 and 2 in the Study guide before attempting this assignment.
⊲ Answer all the questions.
⊲ Submit your answers electronically through myUnisa.
Question 1
Find the slope of the line represented by the equation
0 = 6 + 3x − 2y.
2
[1] 3
3
[2] 2
[3] 3
[4] 2
[5] None of the above.
Question 2
Consider the demand function
P = 100 − 5Q,
with P being price and Q quantity. Find the price elasticity of demand when Q = 8. Is demand elastic or
inelastic? Justify your answer.
[1] εd = −1,5; demand is elastic; εd < −1

[2] εd = −0,03; demand is inelastic; |εd | < 1
[3] εd = −1,5; demand is elastic; |εd | > 0
[4] εd = 1,5; demand is inelastic; εd > 1
9
Question 3
Given the demand function P = 60 − 0,2Q. What is the arc price elasticity of demand when price decreases
from R50 to R40?
[1] − 13
1
[2] 3
[3] −3
[4] 3
Question 4
In the following market:
Demand function : Q = 50 − 0,1P
Supply function : Q = −10 + 0,1P
where P and Q are the price and quantity respectively. Calculate the equilibrium price and quantity.
[1] P = 300; Q = 20
[2] P = 200; Q = 30
[3] P = 20; Q = 300
[4] P = 30; Q = 200
Question 5
Determine the value of x that solves the inequality:

1 1
−3(x + 1) + 6 x + ≤4 x− .
3 2
[1] x ≤ − 37
[2] x ≤ −1
[3] x≥1
[4] x≤1
10
DSC1520/101/3
Question 6
The linear function
2P = 20 − Q
can be graphically represented as:
[1 ] [2 ]
[3 ] [4 ]
[5 ] N o n e o f th e a b o v e .
11
Question 7
Workers at a building site have the option to eat lunch provided by an outside company. When the price
per lunch is R40, there is a demand for 80 lunches. It is known that for each R5 increase in price, demand
decreases by three lunches. Determine the demand function for lunches with quantity demanded (Q) as a
function of price (P ).
[1] Q = 104 − 0,6P

[2] Q = 136,67 − 1,67P
[3] Q = 56 + 0,6P
[4] Q = 40 − 35 P
Questions 8 and 9 are based on the following information:

The demand and supply functions for accommodation at a B & B are given by
Pd = 952 − 8Q and Ps = 400 + 4Q,
where P is the price per room and Q is the number of rooms occupied. The following graph
represents these functions:
C Q
Question 8
The coordinates of the intercepts at A, B and C are
[1] A = (0; 95,2), B = (0; 40), C = (11,9; 0).

[2] A = (0; 100), B = (0; 119), C = (952; 0).
[3] A = (0; 119), B = (0; 100), C = (400; 0).
[4] A = (0; 952), B = (0; 400), C = (119; 0).
[5] none of the above.
12
DSC1520/101/3
Question 9
What does point D represent? Provide the coordinates at point D.
[1] Break-even; D = (46,67; 586,68)

[2] Equilibrium; D = (46; 584)
[3] Equilibrium; D = (587; 47)
[4] Break-even; D = (47; 587)
Question 10
Solve the following system of linear equations:
x+y+z = 8
x − 3y = 0
5y − z = 10.
The sum of the values of x, y and z of the solution is
[1] −4.
[2] 2.
[3] 6.
[4] 8.
Question 11
The demand and supply functions for a product are given by
Pd = 136 − 4Q and Ps = 14 + 5Q,
where P is the price and Q is quantity. By working throughout with values rounded to two decimals, the
producer surplus at equilibrium is
[1] 459,41.
[2] 461,09.
[3] 474,46.
[4] 649,25.
13
Question 12
An animal feed is to be made from corn, soybean and cottonseed. The feed should supply at least 1 800 units
of fiber, at most 2 800 units of fat and at least 2 200 units of protein. The number of units of fiber, fat and
protein that one unit of each ingredient provides, is shown in the following table:
Soy- Cotton-
Corn bean seed Required
Fiber 10 20 30 1 800
Fat 30 20 40 2 800
Protein 20 40 25 2 200
If X, Y and Z are the number of units of corn, soybean and cottonseed required, respectively, then the
system of equations representing the constraints on making the feed with these requirements is
[1] X + 2Y + 3Z ≤ 18; 3X + 4Y + 2,5Z ≤ 28; 2X + 4Y + 2,5Z ≤ 22.

[2] X + 3Y + 2Z ≤ 180; 2X + 2Y + 4Z ≤ 280; 3X + 4Y + 2,5Z ≤ 220.
[3] 10X + 20Y + 30Z ≥ 1 800; 30X + 20Y + 40Z ≤ 2 800; 20X + 40Y + 25Z ≥ 2 200.
[4] 10X + 30Y + 20Z ≥ 1 800 ; 20X + 20Y + 40Z ≤ 2 800; 30X + 40Y + 25Z ≥ 2 200.
Questions 13 and 14 are based on the following LP model:
Minimise Z = 1,8x + 1,2y

subject to 2x + 6y ≥ 30
4x + 2y ≥ 20
y ≥ 2; x ≥ 0.
14
DSC1520/101/3
Question 13
The feasible region for this model is given by
[1 ] [2 ]
y y
x x
[3 ]
[4 ]
15
Question 14
The optimal solution is
[1] x = 5; y = 0; Z = 9,00.
[2] x = 3; y = 4; Z = 10,20.
[3] x = 0; y = 10; Z = 12,00.
[4] x = 9; y = 2; Z = 18,60.
Question 15
The consumer surplus for the demand function
P = 90 − 5Q
when the market price is P = 20 is
[1] 140.
[2] 490.
[3] 630.
[4] 770.
16
DSC1520/101/3
This written assignment is compulsory.

29 March 2018 737135
Instructions
⊲ Work through Study unit 3 in the Study guide before attempting this assignment.
⊲ Show all steps you followed to find the answers (including graphs). Marks will be given for these and
not only for the answer.
⊲ Submit your answers in PDF format on myUnisa.
⊲ You may use Excel or Maxima for assistance when you need to draw graphs and/or solve equations.
Only a selection of questions will be marked, but you will receive solutions to all the questions.
Question 1
Simplify:
(2a2 b3 )2 × (ab4 )3
1. .
(2a3 b2 )4
r
4x
2. .
y −4
Question 2
1. Determine the roots of f (x) = −x2 + 8x − 16.
2. Approximately how many units must be manufactured to maximise a profit defined by the function
f (x) = −x2 + 8x − 16?
Question 3
A company manufactures and sells x radios per week. The weekly cost and price equations are given by
x
c(x) = 5 000 + 2x and p(x) = 10 − , for 0 ≤ x ≤ 8 000,
1 000
respectively.
1. What is the revenue function?
17
2. Derive for each week
(a) the price at which revenue is maximum,

(b) the maximum revenue,
(c) the number of radios to produce to realise a maximum profit,
(d) the maximum profit,
(e) the price that the company should charge for each radio to realise a maximum profit.
Question 4
Consider the quadratic function
f (x) = −2x2 + 10x − 8.
1. Find the roots and the turning point.
2. Hence draw the graph.
Question 5
An investment in a bank is said to grow according to the following formula:
6 000
P (t) =
1 + 29e−0,4t
where t is time in years and P is the amount (principle plus interest).
1. What is the initial amount invested?
2. Determine the time in years when the amount will be R4 000.
Question 6

Q
1. Solve for Q if log Q − log Q+1 = 0,8.
2
4L2
2. Simplify L−2
.
Question 7
1. Use rules of logarithms to solve the equation 3 ln(2x2 ) − 5 ln x = 7.

log3 12,34
2. Evaluate ln 12,34 .
18
DSC1520/101/3
Question 8
ABC intends manufacturing and marketing a new product. It has been determined that the cost of producing
the product, as a function of price, is given by
C(P ) = 432 000 − 1 800P.
The revenue generated when units are sold at price P rand each, is given by
R(P ) = 6 000P − 30P 2 .
Plot the income and cost functions on the same graph. Indicate clearly on the graph, the break-even point(s)
and profit area.
Question 9
Consider the cubic function
f (x) = −4Q3 + 2Q2 .
1. Draw the graph of f .
2. From the graph, estimate the roots of f and the coordinates of the turning point of f .
Question 10
The demand and supply functions of a certain product are given by
Pd = Q2 + 2Q + 5 and Ps = 29 − 3Q,
where P is the price per unit and Q the number of units produced. Determine the equilibrium price and
quantity for the product.
19

23 April 2018 731948
Instructions
Question 1
√
Find the derivative of the function: G(x) = x(x2 − 4 x + 4).
√
[1] x3 − 4 x3 + 4x
√
[2] 3x3 − 32 x3 + 4
√
[3] 3x4 − 6 x3 + 4x2
√
[4] 3x2 − 6 x + 4
Question 2
Differentiate the function
x2 + 6
f (x) = .
2x + 5
Simplify your answer.
[1] − 2(x+6)(x−1)
(2x+5)2
2(x+6)(x−1)
[2] (2x+5)2
2x−12
[3] (2x+5)2
2
[4] − 2(x +6)
(2x+5)2
20
DSC1520/101/3
Question 3
Find the derivative of the function
x+1
P (x) = x5 e3x + .
x
e3x 3x5 + 5x4 − x12

[1]
e3x 3x5 + 5x4 − x2

[2]
e3x x5 + 5x4 − x12

[3]
e3x 3x5 + 5x4 + x12

[4]
Question 4
Find the derivative of
ln x + 4x−2 .
1 8
[1] x − √
3x
1
[2] x + 8x−3
1 √8
[3] x − x
[4] ln x − 8x−3
Question 5
Evaluate
1
Z
2
x 1 + 2 dx.
x
[1] x3 + x + c
1 3
[2] 3x + x +c
[3] x2 + 1
1 2
[4] 2x +x+c
Question 6
Evaluate the following definite integral: Z 2
(x2 − 3)dx
−2
[1] 6 23
[2] −6 23
[3] 3 13
[4] −3 13
21
Question 7
Evaluate the following integral:
√
Z
9x − 5dx.
1
p
[1] 6 (9x − 5) + c
1
p
[2] 6 (9x − 5)3 + c
2
p
[3] 27 (9x − 5) + c
2
p
[4] 27 (9x − 5)3 + c
Question 8
Evaluate the following integral:
x2 + 4
Z
dx.
x3
2
[1] ln x + x2 +c
[2] ln x − 2x−2 + c
1
[3] x − 2x−2 + c
1
[4] x + 2x−2 + c
Question 9
What is the value of maximum revenue if total revenue is given by
1
R(x) = − x2 + 30x + 81
5
where x is the quantity?
[1] 75
[2] 1 206
[3] 152,65
[4] 81
22
DSC1520/101/3
Question 10
Total revenue is given by
1
T R = 2x5 − x2 + 10x + 15,
2
where x is the number of units sold. What is the marginal revenue when five units are sold?
[1] 55
[2] 630
[3] 6 255
[4] 6 270
Question 11
Suppose the total cost (in rand) of manufacturing radios is given by
T C = 2Q3 − Q2 + 80Q + 150,
where Q is the number of radios manufactured. What is the marginal cost if 10 radios are manufactured?
[1] R80
[2] R660
[3] R700
[4] R2 850
Question 12
The annual revenue (in millions of rand) generated by a television company can be approximated by the
function
f (t) = 5,78 + 8,59 ln t,
where t is the number of years since the company started. The rate of change in revenue 15 years after the
company started, is
[1] R0,57 per annum.

[2] R6,35 per annum.
[3] R572 667 per annum.
[4] R87 272 667 per annum.
23
Question 13
The demand for seats at a mini soccer match is given by
Q = 192 − P 2 ,
where Q is the number of seats and P is the price per seat. Find the price elasticity of demand if seats cost
R6 each. What does this value mean?
[1] εd = −0,46; inelastic since |εd | < 1, a 1%, price increase will result in 0,46% less seats to be sold
[2] εd = 0,46; elastic since |εd | > 0, a 1%, price increase will result in 0,46% more seats to be sold
[3] |εd | = −0,5 < 0; demand is inelastic
2
[4] εd = − PQ which is always elastic
Question 14
Calculate the consumer surplus for the demand function
40
P = ,
Q+3
when the market price is P = 10.
[1] 0,3
[2] 1,5
[3] 11,5
[4] 21,5
Question 15
The marginal cost function for a good is given by
M C = 2Q2 − 1.
Find the total cost function if fixed costs are 300.
2Q3
[1] 3 − Q + 300
2Q3
[2] 3 −Q+c
3
[3] − 2Q
3 −1+c
[4] 2Q3 − Q + 300
24
DSC1520/101/3
11 Semester 2 - Compulsory assignments

17 August 2018 839067
Instructions
Question 1
Suppose the cost of manufacturing 10 units of a product is R40 and the cost of manufacturing 20 units is
R70. If the cost C is linearly related to output Q (units produced), the cost of producing 35 items, is
[1] R115,00.
[2] R121,67.
[3] R113,33.
[4] R65,00
Question 2
4

Find the equation of the line passing through the points (3; 1) and 3; 2 .
14
[1] y= 5 x
−3
+ 5
[2] y= 5 x
−3
+1
14
[3] y =x+ 5
14
[4] y= 5 x
−3
− 5
25
Question 3
If the demand function is
P = 70 − 0,5Q,
where P and Q are the price and quantity, respectively, determine the expression for price elasticity of
demand in terms of P only.
P −140
[1] P
P
[2] P −35
P
[3] P −70
P −140
[4] P
Question 4
Solve the following system of linear equations for x, y and z.
x − 2y + 3z = −11 (1)
2x − z = 8 (2)
3y + z = 10 (3).
x + y + z is
[1] −4.
[2] −2.
[3] 4.
[4] 5.
Question 5
Determine the value of x that solves the inequality:

5 x x 1
−2x + + ≥ −2x − 4 − − 1 .
6 2 3 4
[1] x ≤ −5
[2] x ≤ −1
[3] x ≥ −5
[4] x ≤ − 12
[5] x≤ 5.
26
DSC1520/101/3
Question 6
The graphical representation that correctly represents of the following set of inequalities is
y ≥ − 12 x + 2 (1)
y≤ x + 3 (2)
0 ≤ y ≤ 4 (3)
x ≥ 0. (4)
[1 ] [2 ]
(2 ) (2 )
(3 ) (3 )
(1 ) (1 )
[3 ] [4 ]
(2 ) (2 )
(3 ) (3 )
(1 ) (1 )
27
Question 7
If the demand function of a commodity is
P = 70 − 0,5Q,
where P and Q are price and quantity respectively, determine the arc price elasticity of demand when the
price decreases from R7 to R5. Indicate whether the demand is elastic or not.
[1] εd = −0,4; elastic

[2] εd = −1,5; elastic
[3] εd = 0,4; inelastic
[4] εd = 1,5; elastic
Question 8
Price elasticity of demand measures
[1] the changes in a good’s own price.

[2] The sensitivity of quantity demanded to change in price.
[3] percentage change in quantity demanded.
[4] the relationship between price and quantity demanded.
Question 9
A furniture manufacturing company manufactures dining room tables and chairs. A table requires 540
minutes for assembly and 180 minutes for finishing. A chair requires 150 minutes for assembly and 60
minutes for finishing. The number of hours available per week for assembly is at least 150 and for finishing
it is at most 100. If x is the number of tables and y the number of chairs produced per week, choose the
system of inequalities that best describes the situation.
[1] 9x + 2,5y ≤ 150; 3x + y ≥ 100; x,y ≥ 0

[2] 9x + 2,5y ≥ 150; 3x + y ≤ 100; x,y ≥ 0
[3] 2,5x + 9y ≥ 150; 3x + y ≤ 100; x,y ≥ 0
[4] 540x + 150y ≥ 150; 180x + 60y ≤ 100; x,y ≤ 0
28
DSC1520/101/3
Question 10
The supply function of a certain product is
P = 50 + 2Q,
where P is the price and Q is the number of units produced. Find the producer surplus at market equilibrium
if the market price is P = 90.
[1] 260
[2] 290
[3] 400
[4] 600
Question 11
In the graph below the set of inequalities
2x + y ≤ 120
x + 2y ≤ 140
x+y ≤ 80
x; y ≥ 0
were drawn and the feasible region of the set of inequalities shaded in grey. Determine the maximum value
of the function P = 20x + 30y, subject to the set of inequalities above.
A
B
29
[1] 1 200
[2] 1 800
[3] 2 100
[4] 2 200
Question 12
Consider the market defined by the following demand and supply functions,
Pd = 100 − 0,5Q and Ps = 10 + 0,5Q
where P and Q are the price and quantity respectively. Calculate the equilibrium price and quantity.
[1] P = 55; Q = 90
[2] P = 90; Q = 55
[3] P = 45; Q = 90
[4] P = 90; Q = 45
Question 13
A company manufactures radios. If x is the number of radios that retailers are likely to purchase at a price
x
p(x) = 5 −
1000
rand per unit and the cost function is given by
c(x) = 5 000 + 2x,
what is the revenue function of the manufacturing company?
x
[1] R(x) = 5 − 1 000
x
[2] R(x) = 5 − 1 000 − 5 000 + 2x
[3] R(x) = 5x − 0,001x2
[4] R(x) = 5 000 − x
Question 14
If the variable cost of a product increases by R4 for each unit produced and the fixed cost is R64, determine
what the total cost of producing 200 units will be.
[1] R736
[2] R864
[3] R12 796
[4] R13 600
30
DSC1520/101/3
Question 15
The consumer surplus for the demand function P = 60 − 4Q when the market price P = 16, is
[1] 242.
[2] 484.
[3] 88.
[4] 32.
31
This written assignment is compulsory.

7 September 2018 787793
Instructions
⊲ Work through Study unit 3 in the Study guide before attempting this assignment.
⊲ Show your steps to find the answers. Marks will be given for these and not only for the answer.
⊲ Submit your answers in PDF format on myUnisa.
⊲ Always provide your answer in a full sentence with the appropriate units.
⊲ You may use Excel or Maxima for assistance when you need to draw graphs and/or solve equations.
Only a selection of questions will be marked, but you will receive solutions to all the questions.
Question 1
Simplify:
x2 + x − 12
1. .
x2 − x − 20
4(0,6) K 0,4 L−0,4
L
2. 4(0,4) K −0,6 L0,6
K
Question 2
The demand function for a commodity is
Q = 6 000 − 30P.
Fixed costs are R72 000 and the variable costs are R60 per additional unit produced.
1. Write down the equation of total revenue and total costs in terms of P.
2. Determine the profit function in terms of P .
3. Determine the price at which profit is a maximum, and hence calculate the maximum profit.
4. What is the maximum quantity produced?
5. What is the price and quantity at the break-even point(s)?
32
DSC1520/101/3
Question 3
Find the quadratic profit function P (x) which satisfies all of the following conditions:
1. the company breaks even when x = 100 and x = 300 units are produced.
2. the maximum profit is R40 000.
Question 4
1. Determine the roots of f (x) = −x2 + 6x + 9.
2. Approximately how many units must be manufactured to maximise a profit defined by the function
f (x) = −x2 + 6x + 9?
Question 5
1. Find the roots and the turning point of y = x2 − 2x − 3.
2. Hence draw the graph.
Question 6
Solve for x:
1. Simplify 53x+8 = 3125.
2. 0,0625 = 2−x .
Question 7

15
1. Evaluate log5 0,45 .
2. Use rules of logarithms to solve the equation 2 ln(3x2 ) − 3 ln x = 3.
Question 8
The daily rate of sales of a product (in units per day) is approximated by the exponential equation
S(t) = 1 800 + 1 500e−0,3t+1,5 .
with t the number of days it has been on the market.
1. Approximately how much is the rate of sale of a product after 10 days?
2. After how many days, rounded to a whole number, will the rate of sale be 2 010 units per day?
33
Question 9
A virus is thought to spread through a game reserve’s impala population according to the equation
N = 125,5e0,12t
where N is the number of impala infected after t days. After approximately how many days are 200 impala
infected?
Question 10
The demand and supply functions of a certain product are given by
500
Pd = and Ps = 16 + 2Q,
Q+1
where P is the price per unit and Q the number of units produced.
1. Determine the equilibrium price and quantity for the product.
2. Draw the graph of the demand, clearly indicating the equilibrium point.
34
DSC1520/101/3

4 October 2018 847088
Instructions
Question 1
Differentiate
d x − x2

√
dx x
2√ 1
[1] 3 x + √
2 x
1 3√
[2] √
2 x
− 2 x
3√ 1
[3] 2 x − √
2 x
3√ 1
[4] 2 x + √
2 x
Question 2
Find the derivative
d
(20 + 20 ln Q)2 .
dQ
[1] (20 + 20 ln Q)
[2] 800 (1 + ln Q)
Q
[3] 40 (1 + 20 ln Q)
Q
[4] 40 (1 + ln Q)
Q
35
Question 3
Find the derivative of
1
√ .
x4 + x
1
[1] 4x3 + √
2 2
1
4x3 + 2√
[2] 4
√ x2
(x + x)
1√
[3] (x4 + x)2
√ 2
[4] x4 + x
Question 4
The derivative of
3
ln(x2 + 1) + e−2x
is
2x 3
[1] x2 +1
− 6x2 e−2x .
2x 3
[2] x2 +1
+ 6x2 e−2x .
1 3
[3] x2 +1
− 6x2 e−2x .
1 3
[4] x2 +1
+ e−2x .
Question 5
Integrate the function
2
f (x) = .
(2x + 1)4
1
[1] − (2x+1)5 + c
2
[2] − (2x+1)3 + c
1
[3] − 3(2x+1)3 + c
1
[4] 3(2x+1)3
+c
36
DSC1520/101/3
Question 6
Integrate the function √
t10 − t
f (t) = .
t3
[1] 0,125t8 − 0,67t−1,5 + c

[2] 7t6 + 2,5t−3,5
t8 2
[3] 8 + 3 t3
√ +C
10t9 −0,5t−0,5
[4] 3t2
Question 7
Evaluate the following definite integral: Z x=5
(2x + x3 )dx
x=1
[1] 69,25
[2] 132
[3] 180
[4] 180,50
Question 8
Integrate: √
x+ 3x
Z
dx.
x
√
[1] x+33x+c
√
[2] x + 13 3 x + c
√
[3] 1+3 3 x+c
√
1 − 35 x5 + c
3
[4]
37
Question 9
Find the values of x for which the function
y = −x3 + 9x2 − 24x + 26
has a maximum or a minimum value.
[1] x = −4; x = −2
[2] x = 4; x = 2
[3] x = 4; x = −2
[4] x = −4; x = 2
Question 10
What is the marginal cost when Q = 10 if the total cost is given by:
T C = Q4 − 30Q2 + 300Q + 500?
[1] 3 700
[2] 4 900
[3] 4 200
[4] 6 400
Question 11
A firm has the following total revenue and cost functions:
T R = 40Q − 8Q2 and T C = 8 + 16Q − Q2 ,
where Q is the number of units produced and sold (in thousands). How many units should be produced to
maximise profit?
[1] 1,714
[2] 3,111
[3] 1 714
[4] 3 111
38
DSC1520/101/3
Question 12
The demand function is given by
1
Qd = 100 − 2P 2 ,
with P and Q the price and quantity respectively. Find the price elasticity of demand if P = 400 and Q
assumed to be 68. What does this value mean?
[1] εd = −0,29; inelastic since |εd | < 1, a 1%, price increase will result in 0,29% less in units demanded
[2] εd = 0,29; elastic since |εd | > 0, a 1%, price increase will result in 0,29% more in units demanded
[3] |εd | = −0,5 < 0; demand is inelastic
2
[4] εd = − PQ which is always elastic
Question 13
The marginal labour cost function is given by the equation
MLC = 3 + 4L.
Calculate the cost of employing the first seven labourers.
[1] −119
[2] −114
[3] 114
[4] 119
Question 14
Calculate the consumer surplus for the demand function
25
P = ,
Q+2
when the market price is P = 5.
[1] 0,3
[2] 1,5
[3] 7,9
[4] 11,5
39
Question 15
Demand for a certain type of bicycle is modelled by the function
P = 850 − 8Q2 ,
where P is the price per bicycle and Q the number of bicycles demanded. Find the consumer surplus when
six bicycles are demanded. What does this value means?
[1] CS = 562; consumers are willing to pay R562 more per bicycles than they actually pay
[2] CS = −4 250; consumers pay R4 250 more for six bicycles than they should
[3] CS = −1 152; consumers are willing to pay R1 152 less than they actually pay
[4] CS = 1 152; consumers are willing to pay R1 152 more for 6 bicycles than they actually pay
40

101 - 2018 - 3 - For DSC 101 Tut PDF

Uploaded by

Copyright:

Available Formats

101 - 2018 - 3 - For DSC 101 Tut PDF

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

101 - 2018 - 3 - For DSC 101 Tut PDF

Uploaded by

Copyright:

Available Formats

DSC1520/101/3/2018

Tutorial letter 101/3/2018

Department of Decision Sciences

This is a fully online module.

1 Introduction and welcome 4

2 Lecturer and contact details 4

3 Student support system 5

10 Semester 1 – Compulsory assignments 9

10.2 Assignment 02 (S1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

11 Semester 2 - Compulsory assignments 25

It is a pleasure to welcome you to this module, Quantitative Modelling 1.

2 Lecturer and contact details

3 Student support system

3.2 Face-to-face tutors

The study material for this module consists of the following:

2. Tutorial letter 101, 2018 (this tutorial letter).

5.1 Printed study material

5.2 Where to buy the textbook

6.1 Purpose and outcomes

The study material is subdivided into five study units, namely

Study unit Topic

8.1 Study time

You will have to work consistently throughout the semester if you

8.2 Study method

We suggest that you approach the study material as follows:

9.1 Compulsory assignments

9.3 Semester and examination marks

9.4 Assignment due dates and unique numbers

Assign- Dates and unique numbers

9.5 Submission of assignments

10 Semester 1 – Compulsory assignments

10.1 Assignment 01 (S1)

This MCQ assignment is compulsory.

Due date Unique number

[1] εd = −1,5; demand is elastic; εd < −1

[1] Q = 104 − 0,6P

Questions 8 and 9 are based on the following information:

Pd = 952 − 8Q and Ps = 400 + 4Q,

[1] A = (0; 95,2), B = (0; 40), C = (11,9; 0).

[1] Break-even; D = (46,67; 586,68)

The sum of the values of x, y and z of the solution is

Pd = 136 − 4Q and Ps = 14 + 5Q,

[1] X + 2Y + 3Z ≤ 18; 3X + 4Y + 2,5Z ≤ 28; 2X + 4Y + 2,5Z ≤ 22.

Questions 13 and 14 are based on the following LP model:

Minimise Z = 1,8x + 1,2y

when the market price is P = 20 is

10.2 Assignment 02 (S1)

This written assignment is compulsory.

Due date Unique number

1. Determine the roots of f (x) = −x2 + 8x − 16.

1. What is the revenue function?

(a) the price at which revenue is maximum,

1. Find the roots and the turning point.

2. Hence draw the graph.

1. What is the initial amount invested?

2. Determine the time in years when the amount will be R4 000.

1. Use rules of logarithms to solve the equation 3 ln(2x2 ) − 5 ln x = 7.

C(P ) = 432 000 − 1 800P.

R(P ) = 6 000P − 30P 2 .