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North South University Department of Management Final Examination Fall 2020 BUS 135 (Applied Mathematics For Business)

The document contains an exam for a business mathematics course with 8 questions: 1) Calculating production output after employing 18 units of labor given the marginal physical product of labor equation. 2) Finding total capital investment after 3 years and between 4-7 years given an investment equation. 3) Finding total revenue, consumer surplus, and producer surplus given demand and supply equations. 4) Deriving a total cost function and average cost function given a marginal cost function and fixed cost. 5) Calculating consumer surplus given demand and marginal cost equations for a monopoly. 6) Evaluating 3 indefinite and 3 definite integrals.

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88 views2 pages

North South University Department of Management Final Examination Fall 2020 BUS 135 (Applied Mathematics For Business)

The document contains an exam for a business mathematics course with 8 questions: 1) Calculating production output after employing 18 units of labor given the marginal physical product of labor equation. 2) Finding total capital investment after 3 years and between 4-7 years given an investment equation. 3) Finding total revenue, consumer surplus, and producer surplus given demand and supply equations. 4) Deriving a total cost function and average cost function given a marginal cost function and fixed cost. 5) Calculating consumer surplus given demand and marginal cost equations for a monopoly. 6) Evaluating 3 indefinite and 3 definite integrals.

Uploaded by

Taniya Parvin
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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North South University

Department of Management
Final Examination
Fall 2020
BUS 135 (Applied Mathematics for Business)
Marks: 25; Time: 1 hour 25 minutes
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Answer the following questions

1. A firm produces 500 units production by using capital and labor in a day. If the firm’s MPPL is
150 5 x 3 , what is the amount of production after 18 units labors employed? 4

2. If the investment equation is I (t )  6 3


t 2 then what is the total capital after 3 years. What is the
capital in between 4 to 7 years? 2

3. If the demand curve equation is Q  20  3P and the supply curve equation is Q  5  2 P find the
total revenue, the consumer’s and producer’s surpluses (Find the inverse equations first then solve). 4

4. If the marginal cost of a firm is 24e 3 x and the fixed cost is 58, find the total cost function. What is
the average cost function? 3

5. The demand equation of a monopoly firm is: P 168  3Q 2 and the marginal cost is: MC  5Q  9 ,
then find the consumer’s surplus. 2

6. Evaluate three (3) indefinite and three (3) definite integrations (10 marks):

3 2x 2  1
 6 x ( x  2)dx  
2
I. II. xe 2 x dx III. dx IV.
7 x 3  2x

 1 
  1  x  3x dx

4 4 2
12 x5
 (8 x  2 x  3x ln xdx 
3
V.
2
 )dx VI. VII. dx VIII.
2
x 2 0 1  x6

 (4 xe
x
)dx
2
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