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    BM - CA1 - July24 Term - Canvas

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    BM - CA1 - July24 Term - Canvas

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    jiejialing08
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    BM_CA1_ July24 term_Canvas(2)

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    4 views3 pages

    BM - CA1 - July24 Term - Canvas

    Uploaded by

    jiejialing08

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    QTS0103 Business Mathematics

    Continuous Assessment 1 SIM

    BUSINESS MATHEMATICS (QTS0103)

    CONTINUOUS ASSESSMENT 1

    INDIVIDUAL ASSIGNMENT (30%)

    Students are to submit this assignment online via by the due date specified on eGlobal Learning
    Management Systems.

    Students are to keep a copy of their work as their answer scripts will not be returned.

    All workings and answers must be shown and typewritten in Microsoft Word.

    Marks will be awarded for workings shown. No marks will be awarded if there are no workings
    or reasonable explanations.

    There are 3 questions and you must answer all.

    Write your FULL Name as in the register, as well as your register number on the answer script.

    Please be reminded that plagiarism is a serious offence, and all cases will be referred to the
    administration.

    The penalties for late submission described on eGlobal Learning Management Systems.
    QTS0103 Business Mathematics
    Continuous Assessment 1 SIM

    Question 1 (10 marks)

    (a) Solve the following equation. Give your answer to 2 decimal places (if applicable).

    !" %
    "#$
    =" [2 marks]

    (b) Solve the following inequalities:

    (i) 2𝑥 ! + 3𝑥 + 1 ≤ 1 [2 marks]

    (ii) |3𝑥 + 5| ≤ 2 [2 marks]

    !
    (c) Given: 𝑓(𝑥) = " and 𝑔(𝑥) = 𝑥 ! − 2𝑥 + 1

    (i) Determine the domain of g(𝑥) [1 mark]

    (ii) Find the function: g(0) [1 mark]

    (iii) Find the function: f o g(2) [2 marks]

    (Total 10 marks)

    Question 2 (10 marks)

    (a) Find an equation of the line that passes through the point (5, −2) and is perpendicular
    to the line that passes through the points (1, 4) and (2, 2).

    [3 marks]

    (b) NX Tech Ltd had sales of $5 million in its first year of operation. If the sales increase
    by 20% per year thereafter, determine the company’s sales in the tenth year and its total
    sales over the fifteen years of operation. Give your answers to the nearest dollar.

    [4 marks]
    QTS0103 Business Mathematics
    Continuous Assessment 1 SIM

    (c) Find the points of intersection(s) of the lines of the functions 𝑓(𝑥) = 2𝑥 ! + 4𝑥 + 6 and
    𝑔(𝑥) = 6𝑥 ! + 6𝑥

    [3 marks]

    (Total 10 marks)

    Question 3 (10 marks)

    (a) Bright Lights Ltd manufactures table lamps at $5 per unit and sells at a price of $20
    per unit. Given the fixed cost for the company is $60,000, calculate the firm’s
    breakeven quantity and breakeven revenue.
    [3 marks]

    (b) The demand and supply functions for a product given by 𝑝 = −2𝑥 ! + 50 and 𝑝 =
    3𝑥 ! + 𝑥 − 200 respectively, where 𝑝 is the unit price in dollars and 𝑥 is the quantity
    demanded in units of thousand.

    (i) Determine the quantity supplied when the unit price is set at $100. Round your
    answer to the nearest unit.
    [2 marks]

    (ii) Determine the equilibrium price and quantity. Give your workings and answer
    to four decimal places.
    [2 marks]

    (c) A firm manufactures card games at a cost of $2 per unit and sells it at $5 per unit. The
    fixed cost for the firm is $30,000.

    (i) Determine the firm’s profit function. [2 marks]

    (ii) Calculate determine how many units the firm has to sell to profit $30,000.

    [1 mark]

    (Total 10 marks)

    -- END OF PAPER --

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