Tutorial 2 - Functions
Tutorial 2 - Functions
Tutorial 2 - Functions
TUTORIAL 2
3. Find the composite functions for fg and gf for each of the following functions:
(a) f ( x )=3 x +1 and g ( x )=2 x−3
(b) f ( x )=2 x +1 and g ( x )=3−2 x
(c) f ( x )=x 2 + x−2 and g ( x )=x +1
(d) f ( x )=2 x 2−3 x +5 and g ( x )=2 x−3
4. Given f ( x )=2 x +1 and g ( x )=x2 – 4, find the following, write your answer in simplest form.
(a) f +g
(b) g−f
(c) f∙g
(d) g/ f
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x −1
5. Given f(x) = x2, g ( x )= and h ( x )=x +1. Find
2 x−3
(a) ( f +h ) (1)
(b) ( g ∙ h )( x )
(c) (gh)(x)
(d) ( hg )(3)
6. Given, f ( x )=3 x +1 and g ( x )=2 x−3find the composite functions fgf and gfg.
8. A manufacturer has a monthly fixed cost $50,000 and a production cost of $100 for each unit
produced. The product sells for $150 per unit.
(a) What is the cost function?
(b) What is the revenue function?
(c) What is the profit function?
9. Local magazine, The Investor, has a fixed production cost of $80 per edition and a marginal
printing and distribution costs of $0.50 per copy. The Investor sells for $1.20 per copy.
(a) Write the associated cost, revenue and profit functions.
(b) What profit (or loss) results from the sale of 450 copies of The Investor?
(c) How many copies should be sold in order to break-even? 1.2x = 80 + 0.5x
(d) Graph the cost and revenue functions. Obtain the break-even point from the graph.
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10. The quantity demanded for a digital SLR camera is 500 when the unit price is $2000. For each $50
decrease in the unit price, the quantity demanded increases by 100 units. Find the demand function
and sketch its graph.
11. A company manufactures memory chips for microcomputers has a monthly fixed cost of $20,000
and a production cost of $500 for each timer manufactured. The units sell for $750 each.
(a) Sketch the graphs of the cost function and the revenue function and hence find the break-
even point graphically.
(b) Find the break-even point algebraically.
(c) Find the profit function and sketch the graph.
(d) At what point does the graph of the profit function cross the x-axis? Interpret your result.
12. There is no demand for a certain make of football jersey when the unit price is $15. However,
when the unit price is $10, the quantity demanded is 800 per week. The suppliers will not market
any jerseys if the unit price is $5 or lower. At $9 per jersey, however, the manufacture will make
available 500 jerseys per week.
(a) Find the demand and supply function.
(b) Find the equilibrium quantity and price.
(c) Sketch the demand equation, supply equation and plot the equilibrium point in a graph.
13. The One Piece Company sells its latest product at a unit price of $10. Variable costs are estimated
to be 30% of the total revenue while fixed costs amount to $10,000 per month. How many units
should the company sell in order to break-even? R(X)=10x C=3x + 10000
14. A donut shop has a fixed cost of $124 per day and a variable cost of $0.12 per donut. Find the total
daily cost of producing x donuts. How many donuts can be produced for a total daily cost of $250?
15. A plant manufactures 80 golf clubs per day for a total daily cost of $7,647 and 100 golf clubs per
day for a total daily cost of $9,147.
(a) Find the total daily cost of producing x golf clubs.
(b) Graph the total daily cost for 0 ≤ x ≤ 200.
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16. Each Sunday, a newspaper agency sells x copies of certain newspaper for $1.00 per copy. The cost
to the agency of each newspaper is $0.50. The agency pays a fixed cost for storage, delivery, and
so on, of $100 per Sunday.
(a) Write an equation that relates the profit, P, in dollars, to the number x of copies sold. Graph
this equation.
(b) What is the profit to the agency if 1000 copies are sold?
17. To determine the best sales price for their Baseball Game T-shirts, Business Club member show a
number of students and alumni a sample T-shirt and asked them if they would pay $9 or $10 for the
shirt. Of the 50 people asked, 40 said they would pay $9 and 30 said they would pay $10.
a) Use the data to project the number of shirts that the CSU Business Club would sell at these
prices if 2000 CSU fans attend the game. Find the linear demand function D(p) for the
baseball game.
b) Members of the CSU Business Club will be selling the T-shirts at booths at the baseball
game. At $9 per shirt, the members are willing to put in enough time to sell 600 shirts, but
at $10 per shirt, more members would be willing to put in their time and 700 shirts could be
sold. Find the linear supply function S(p) for the baseball game.
c) Find the equilibrium price. Then, graph S(p) and D(p) on the same axes and indicate the
equilibrium point. Find the domain and range of the graphs. Assuming that each person
buys only one T-shirt at most.
Equilibrium:
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ANSWERS
1.
a. All real numbers , R 3
h. x ≠− ,−5 , R
2
b. All real numbers , R
i. x ≥−3
c. x ≠−3 , R
8
d. x ≠−4 , R j. x≥
3
e. x≠2, R
k. x >4
f. x≠±6, R
l. x >−5
g. x≠3,2,R
2.
a. { f ( x )|4 ≤ f ( x ) ≤ 7 } c. {f (x )∨−3 ≤ f (x )≤ 21 }
b. {f (x )∨−3 ≤ f (x )≤ 1 } d. {f (x )∨−5 ≤ f (x )≤ 5 }
3.
a. fg=6 x−8 , gf =6 x−1
b. fg=7−4 x , gf =1−4 x
2 2
c. fg=x +3 x , gf =x + x−1
2 2
d. fg=8 x −30 x+32 , gf =4 x −6 x+ 7
4.
2 2
a. x + 2 x−3 x −4 x ≠− 1
d. ,
2 2 x +1 2
b. x −2 x−5
3 2
c. 2 x + x −8 x−4
5.
a. 3 x
c.
2 2 x−1
x −1
b. 1
2 x−3 d.
6
−1
7. a. f (x)=5−x
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−1 x +2 −1 3 x−7
b. f (x)= c. f (x)=
3 x
−1 5−2 x
d. f (x)=
x
8.
a. C ( x )=50,000+ 100 x
b. R ( x )=150 x
c. P ( x )=50 x−50,000
9.
a. C ( x )=80+0.5 x , R ( x )=1.2 x, P ( x )=0.7 x−80
b. Profit = $ 235
c. 114 copies
d.
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11.
a. C ( x )=20,000+ 500 x , R ( x )=750 x
b. Break-even point = 80
c. P ( x )=250 x−20,000
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12.
a. d ( p )=−160 p+2400 , s ( p )=125 p−625
b. The equilibrium quantity = 700 and equilibrium price = $10.60.
c.
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15.
a. C=75 x+ 1647
b.
c. The cost of a golf club is $75(variable cost) and the fixed cost is $1647.
16.
a. P=0.5 x −100
b. $400
2000
1500
1000
500
0
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