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Practice Problem From Integration

This document contains 10 practice problems related to topics in applied mathematics including integration, total cost, total revenue, production functions, consumer surplus, producer surplus, capital formation, and net investment functions. The problems cover calculating definite and indefinite integrals, finding expressions for total cost, revenue, and consumption, determining short-run production functions, and computing consumer and producer surplus.

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S.M. Fauzul Azim
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282 views

Practice Problem From Integration

This document contains 10 practice problems related to topics in applied mathematics including integration, total cost, total revenue, production functions, consumer surplus, producer surplus, capital formation, and net investment functions. The problems cover calculating definite and indefinite integrals, finding expressions for total cost, revenue, and consumption, determining short-run production functions, and computing consumer and producer surplus.

Uploaded by

S.M. Fauzul Azim
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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ECO244: Applied Mathematics – 2 Fall 2010

PRACTICE PROBLEMS
Topic: Integration : Definite and Indefinite
Course Instructor: (HHn)

Q1.Find the total cost if the marginal cost is MC = Q + 5 and fixed costs
are 20.

Q2. Find the total cost if the marginal cost is MC = 3e 0.5Q , and fixed
costs are 10.

Q3. Find the total revenue of the following marginal revenue functions:

6
a) MR  20  2Q b) MR  .
Q
Q4. Find the short-run production functions corresponding to each of the
following marginal product of labour functions:

6
a) 1000  3L2 b)  0.01
L
Q5. Integrate the following functions:

3
 (7 x  4e  2 x   (x
3
a) )dx b)
2
 8 x  3) dx
x2

Q6. Find an expression for the consumption function if the marginal


0.1
propensity to consume is given by MPC  0.5  .
Y

Q7. Find the consumer’s surplus at P = 5 for the following demand


functions:
10
a) P  25  2Q b) P  Q

Q8. Find the producer’s surplus at Q = 9 for the following supply functions:

a) P  12  2Q b) P  20 Q  15

Q9. If the net investment function is given by I (t )  100e 0.1t , calculate


The capital formation from the end of the second year to the end of the
fifth year.

Q10. Find the expression for capital formation between t = 0 and t = T for
the following net investment functions: a) I (t )  At  b) I (t )  Ae t .

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