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Answer All Questions. All Necessary Working Should Be Shown Clearly

This document contains a mathematics quiz with multiple questions: 1) It asks to find the profit function for producing two products with given cost and revenue functions, then find the maximum profit and units produced. 2) It provides a demand function, marginal cost function, and fixed cost, asking to find the average cost function and profit-maximizing units. 3) It asks to find the market equilibrium point from given demand and supply functions, graph the functions and shade the producer surplus region, and find the surplus. 4) It provides details of an investment earning compound interest and asks to calculate the effective interest rate, time to double, and interest after 5 years. 5) It gives details

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29 views2 pages

Answer All Questions. All Necessary Working Should Be Shown Clearly

This document contains a mathematics quiz with multiple questions: 1) It asks to find the profit function for producing two products with given cost and revenue functions, then find the maximum profit and units produced. 2) It provides a demand function, marginal cost function, and fixed cost, asking to find the average cost function and profit-maximizing units. 3) It asks to find the market equilibrium point from given demand and supply functions, graph the functions and shade the producer surplus region, and find the surplus. 4) It provides details of an investment earning compound interest and asks to calculate the effective interest rate, time to double, and interest after 5 years. 5) It gives details

Uploaded by

masyati
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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Mathematics (M) (950)

Third Term

Masyati Binti Karim

Quiz 4: Mathematics (M) (950) Answer all questions. All necessary working should be shown clearly 1 The cost function and revenue function of producing ! units of product " are as follows: and 1 ( !! ) $=+ % 1" ! $( !) = " ! + 1))) Whereas the cost function and ") revenue function of producing y units of product # are as follows:

(a)Find the profit function for producing both the products. [6 marks] (b) Find the a!i u profit and the nu ber of units of each product that need to be produced. [" marks] (c) Find the average cost of product " at a!i u profit. [# marks]

( y )y= %1 $ 15 y $( y) = + " y + 1)) $)

and

) = 4) &( $ ! )(= !1)) # ! $ The de and function% in &'% for ! units of erchandise is given b( . The arginal cost function% in &'% is given b( . The fi!ed cost is &' $)). Find
(a) the average cost function. (b) the nu ber of units of erchandise that will a!i ise the profit. [# marks] [# marks]

( ( ! ) = 11 $ ! +! #$ # *iven the de and function% and the suppl( ' function% . (a) Find the ar+et e,uilibriu point. [# marks] (b) -+etch the two graphs on the sa e a!es% and hence% shade and label the producer.s surplus region. [/ marks] (c) Find the producer.s surplus. [# marks] / Fah i invests &' $) ))) in a fund that pa(s a co pound interest at a rate of 6."0 per (ear co pounded onthl(. (a) Find the effective interest rate. (b) 1ow long does it ta+e for Fah i.s invest ent to double2 (c) Find the interest earned after " (ears. " [# marks] [/ marks] [/ marks]

3asi bu(s a house for &' 1$) ))). 1e a+es a 1)0 down pa( ent and the balance he ta+es a loan for $) (ears that charges an annual interest rate of /0 co pounded onthl(. Find (a) the onthl( pa( ents. (b) the total a ount of interest that will be paid. (c) the a ount of the loan that will have alread( paid after 4 (ears. [/ marks] [# marks] [" marks]

Mathematics (M) (950)

Third Term

Masyati Binti Karim

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