Final Assignment MAT1092 Code 2

FINAL ASSIGNMENT
Code: 2
Lecturer’s Signature
Program: IB, AC, MIS, BDA
Course Code: MAT 1092
Course Title: Advanced Mathematics
Asso. Prof. Nguyễn Hải Thanh
Time allowed: 03 hours Date: 27/12/2021
Department’s Signature
Date: 06/01/2022
Starting at 6:30, 06/01/2022
Ending at 9:30, 06/01/2022
Date: 30/12/2021
Instructions to students:
1. At 6:30, 06/01/2022, each student is assigned a final assignment with code number that is
identical to the tens digit of his / her student code (for example: if a student code is 17071365
then the tens digit is 6, and he / she must choose to do Final Assignment MAT1092 Code 6).
2. Final assignment consists of 5 problems, students should write the answers by hand to these
problems in 10 pages. Solution of problem 1 is written in pages 1-2, problem 2 in pages 3-4,
problem 3 in pages 5-6, problem 4 in pages 7-8, problem 5 in pages 9-10. Each page is numbered
clearly by hand writing in the right-top corner. Some pages not used are left with blank space.
Students should write clearly his / her full name, student code and course class in the first row of
the first page (for example: Nguyễn Văn Thao.17007365.MAT109201).
3. To submit the final assignment, students use CamScanner to scan all the above 10 pages and save
them to a pdf file, starting from page 1, then page 2, 3, 4, 5, 6, 7, 8, 9 and 10.
4. Students should finish submitting the final assignment / the pdf file with the file name: student’s
full name.student code.course class (for example: Nguyen Van Thao.17007365.MAT109201) in
due time through MS Teams Assignment (do not be late in submitting the final assignment in due
time, 9:30, 06/01/2022).
5. Any type of plagiarism and any violation of the above instructions can CAUSE ZERO MARK for
the final assignment.
Problem 1 (2 points): The values of nominal prices of a good at the end of each year
between 2016 and 2019 (with 2016 being the base year) are listed in the table which
also shows the annual rates of inflation:
Year 2016 2017 2018 2019 2020
Nominal 150 158 170 179 X=?
Price
Inflation 5% 4% 3% 4.3% 7%
Real 150 a
price =150*110/100=165
Index 100 110
a/ If the index number of the real price for 2020 is 110 and the rate of inflation for
this year is 7%, work out the value of nominal price in 2020;
b/ If the index number of the nominal price for 2015 is 90, work out the value of real
price in 2015.
Problem 2 (2 points): The demand function for a firm’s domestic and foreign
markets are:
P1 = 25 – 2.5Q1
P2 = 15 – 2Q2
and the total cost function is:
TC = 25 + 5Q, where Q = Q1 + Q2.
a/ Determine the prices needed to maximize profit with and without price
discrimination;
(1) with price discrimination:
MC=MC1=MC2= 5
TR1=P1Q1= 25 Q1– 2.5Q12

MR1=25-5Q1
MR1=MC1: MR1=25-5Q1= 5 then Q1=4- P1 = 25 – 2.5Q1=15
MR2=MC2
(2) without price discrimination: P1=P2=P

P= 25 – 2.5Q1
P= 15 – 2Q2
TC = 25 + 5Q, where Q = Q1 + Q2.
(bieu dien TR, TC theo Q)
MR=MC
TR= PQ=PQ
b/ Find the maximum profit values in these two cases and give your comment.
Problem 3 (2 points) Given the demand function P = - QD2 – 2QD + 64, and the supply
function P = QS2 – 2QS + 14.
a/Assuming pure competition, find the consumer’s surplus and the producer’s
surplus;
b/ Explain the meaning of values of the surpluses as found in question a/.

Problem 4 (2 points): Consider the macroeconomic model defined by
National income: Y = C + I + G* (G* > 0)
Consumption: C = aY + b (0 < a < 1, b > 0)
Investment: I = cr + d (c < 0, d > 0)
Money supply: MS* = k1Y + k2r (k1> 0, k2< 0, MS* > 0)
Show that this system can be written as Ax = b, where
a/ Use Cramer’s rule to find I;

b/ Write down the government expenditure multiplier for I and deduce it’s meaning .
Problem 5 (2 points): Consider the supply and demand equations:

QSt = 0.4Pt-1 - 5
QDt = - 0.8Pt + 55
a/ Assuming that the equilibrium conditions prevail, find an expression for Pt and Qt
when P0 = 75;
In equi. QSt = QDt :=Qt :
- 0.8Pt + 55= 0.4Pt-1 – 5

- 0.8Pt = 0.4Pt-1 – 60
Pt = - 0.5 Pt-1 + 75
b=-0.5, c=75
CF=A (-0.5)t
PS=75/(1+0.5) =50
Pt =CF+PS= A(-0.5)t +50, for any A
when P0 = 75: A+50= 75 A=25
Pt =25 (-0.5)t +50---- 50
Qt = - 0.8Pt + 55= -0.8[25 (-0.5)t +50]+ 55 = -20 (-0.5)t +15
Qt = -20 (-0.5)t +15
---15
Pt and Qt converge to the equi. Levels of 50 and 15 correspondingly.
b/ Is this system stable or unstable, explain why?

Final Assignment MAT1092 Code 2

Uploaded by

Copyright:

Available Formats

Final Assignment MAT1092 Code 2

Uploaded by

Document Information

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

Final Assignment MAT1092 Code 2

Uploaded by

Copyright:

Available Formats

FINAL ASSIGNMENT

TR1=P1Q1= 25 Q1– 2.5Q12

MR1=MC1: MR1=25-5Q1= 5 then Q1=4- P1 = 25 – 2.5Q1=15

(2) without price discrimination: P1=P2=P

b/ Explain the meaning of values of the surpluses as found in question a/.

a/ Use Cramer’s rule to find I;

Problem 5 (2 points): Consider the supply and demand equations:

In equi. QSt = QDt :=Qt :

- 0.8Pt + 55= 0.4Pt-1 – 5

Pt and Qt converge to the equi. Levels of 50 and 15 correspondingly.

b/ Is this system stable or unstable, explain why?

You might also like