Business Mathematics Problems
Business Mathematics Problems
1 3 1 3 7 15
Solution : A =A.A = (2 4 )( 2 4 ) =(10 22 )
2
2A = 2 (12 34)= ( 24 68 )
A2+2A - B = 0
B = - A2 -2A
7 15 2 6 −9 −21
=- ( -
10 22 4 8
= )( ) (
−14 −30 )
−9 −21
-B = (−14 −30 )
B = (149 2130)
Problem: 2
−3 1
A = [ 2 1 3
4 −1 2 ] ,
[ ]
B= 2 5 find AB
0 2
−3 1
2 1 3
Solution: AB = 4 −1 2 [ ] [ ]
2 ×3
2 5
0 2 3 ×2
=
2 × (−3 )+1 ×2+3 × 0 2 ×1+1 ×5+3 ×2
[ 4 × (−3 ) + (−1 ) ×2+2 ×0 4 × 1+ (−1 ) × 5+2× 2 ]
−6+2 2+ 5+6
= [−12−2 4−5+ 4 ]
−4 13
AB = [ −14 3 ]
1
Problem: 3 If A= (13 24) find B such that A +2A+B=0 2
1 2 1 2
A2= A . A = 3 4 . 3 4( ) ( ) =[ 13××1+2 ×3
1+4 × 3
1 ×2+2 ×4
3 × 2+ 4 × 4 ]
1+ 6 2+8
[ 3+12
=
6+16 ]
7 10
=[
15 22 ]
1 2 2 4
2 A = 2[
3 4] [ 6 8]
=
A2+2A + B =0
⟹ B =0 - A2 -2A
= -2A - A2
1 2 0 1 2 3
A =
[ 1 1 0
−1 4 0 ] , B =
[ 1 1 −1
2 2 2 ] Find AB
Solution:
1 2 0 1 2 3
AB ¿
[ 1 1 0
−1 4 0 ][ . 1 1 −1
2 2 2 ]
2
1× 1+ 2× 1+ 0 ×2 1 ×2+2 ×1+0 × 2 1× 3+2× (−1 ) +0 ×2
[
¿ 1× 1+ 1× 1+ 0× 2 1 ×2+1 ×1+0 × 2 1× 3+1× (−1 )+ 0 ×2
(−1 ) ×1+ 4 ×1+0 × 2 (−1 ) × 2+4 × 1+0 ×2 (−1)× 3+4 × (−1 ) +0 ×2 ]
1+2 2+2 3−2
¿
[ 1+1 2+1 3−1
−1+4 −2+ 4 −3−4 ]
3 4 1
¿
[ 2 3 2
3 2 −7 ]
b +c a a
Problem : 5 Show That
| b
c
c +a
c
b = 4abc
a+ b |
Solution:
b +c a a
| b
c
c +a
c
b
a+ b |
R1 : R1 - ( R2 + R3 )
b+ c−(b+c ) a−( c+ a+c ) a−(b+ a+b)
=
| b
c
c +a
c
b
a+ b |
0 a a
c|
= b c +a
c
b
a+ b |
0 a−a−2 c a−a−2b
|
= b
c
c +a
c
b
a+b |
0 −2 c −2 b
c|
= b c +a
c
b
a+b |
= 0 ( ( c +a )( a+ b )−b ×c ) - ( -2c) ( b ( a+b )−bc ) + (-2b) ( bc−c( c+ a) )
3
= 0 + 2c( ab +b2−bc ) - 2b ( bc−c 2−ac )
= 4abc.
1 2 4
Problem : 6 Find
[ ]
Adj of A. A = 2 3 2
3 3 4
4
6 2 −3
Minor of A = −1 −5 −3
−5 −4 −1 [ ]
6 −2 −3
Cofactor of A = 1 −5 3
−5 4 −1 [ ]
6 1 −5
∴ Adj of A = −2 −5 4
−3 3 −1 [ ]
1 −1 1
Problem: 7 A =4 1 0
8 1 1 [ ] Inverse of A
= 1+4-4 = 1
| A| =1
AdjA
A−1 =
| A|
1 −1 1
[
A = 4 1 0
8 1 1 ]
Minor of 1 = |11 01| = 1×1 - 0×1 = 1-0 =1
Minor of -1 = |48 01| = 4 × 1 - 0× 8 = 4-0 = 4
Minor of 1 = |48 11| = 4 ×1 - 1×8 =-4
5
Minor of 4 = |−11 11| = -1×1 -1×1 =-1-1=-2
Minor of 1 = |18 11| = 1×1 - 1×8 = 1-8 = -7
Minor of 0 = |18 −11 | = 1×1 - (-1)×8 = 1+ 8 = 9
Minor of 8 = |−11 10| = -1 ×0 - 1×1 = -1
Minor of 1 = |14 10| = 1×0 -1×4 = -4
Minor of 1 = |14 −11 | = 1×1 - (-1)×4 = 1+4 =5
1 4 −4
Minor of A = −2 −7 9
−1 −4 5 [ ]
1 −4 −4
Cofactor of A
[
= 2 −7 −9
−1 4 5 ]
1 2 −1
[
Adj A = −4 −7 4
−4 −9 5 ]
1 1 2 −1 1 2 −1
A −1
=
AdjA
| A|
=
1 [
−4 −7 4
−4 −9 5 ][
= −4 −7 4
−4 −9 5 ]
Problem: 8 Solve by Matrix Inversion Method.
2x – y +3 z = 9, x+ y + z = 6 , x – y + z = 2
2 −1 3 x 9
[
1 −1 1 z ] [] []
A = 1 1 1 , X = y , B = 6
2
6
AX = B ⟹ X = A−1 B
= 2 ( 1 + 1) + 1 ( 1- 1 ) + 3 ( -1 – 1)
= 2 (2) + 0 + 3 (-2) = 4 – 6 = -2
| A| = -2
2 −1 3
A =
[ 1 1 1
1 −1 1 ]
Minor of 2 = |−11 11| = 1×1 – (-1) ×1 = 1 +1=2
7
2 0 −2
Minor of A =
[ 2 −1 −1
−4 −1 3 ]
2 0 −2
[
Cofactor of A = −2 −1 1
−4 1 3 ]
2 −2 −4
Adj of A =
[ 0 −1 1
−2 1 3 ]
AdjA 1
A−1 =
| A| = | A| AdjA
2 −2 −4
=
1
−2 [ 0 −1 1
−2 1 3 ]
X = A−1 B
2 −2 −4 9
=
1
−2 [ 0 −1 1
−2 1 3 ][ ]
6
2
18−20 −2
=
1
−2 [ ] []
−4
−18+12
=
1
−2
−4
−6
8
−1
[ ]
×−2
2
x
[]y
z
=
−1
2
−1
×−4
×−6
2
x 1
[] y
z
=
[]
2
3
∴ x = 1, y = 2, z = 3.
1 1 1 x 6
A =
[ 1 −1 2
2 1 1 ] , X = y,
z [] [] B = 5
8
AX = B ⟹ X = A−1 B
1 1 1
| A|
|
= 1 −1 2
2 1 1 |
= 1( (−1 ) ×1−1 ×2¿−1 ( 1 ×1−2 ×2 ) +1(1 ×1−(−1)× 2) )
= 1(-1-2) -1(1-4)+1(1+2)
= -3+3+3
| A| =3
6 1 1
X = |
5 −1 2
8 1 1 | = 6¿¿
| A|
9
6(−1−2)−1(5−16)+1(5+ 8)
= 3
24−18 6
= 3 = 3 =2
∴ x =2.
1 6 1
Y = | |
1 5 2
2 8 1
| A|
5
∴ y= 3
1 1 6
Z = |1 −1 5
2 1 8 |
| A|
= 1¿¿
10
−13+2+18 20−13 7
= 3 = 3 = 3
∴ z =
7
3 ∴ X=
x
[]
y
z
=
[] 5
3
7
3
11
APPLICATIONS OF MATRIX ANALYSIS TO BUSINESS PROBLEMS
Problem:1
Monthly expenditure in an office for 3 months is given below. Assuming that
the Salary is all three months of different categories of staff did not vary. Calculate
the salary for each type of staff.
February 3 3 2 4500
March 4 3 4 5800
4x+2y+3z = 4900
3x + 3y+2z = 4500
4x + 3y+4z = 5800
4 2 3 x 4900
(
A= 3 3 2 ; X= y
4 3 4 z ) () ( ) ; B= 4500
5800
|A| = 7 ≠ 0.
A−1 exits.
12
The matrix of cofactors ( Aij ) is given by
2 3
4 2
3 4| |4 3|
4 2
|3 2| |3 3| |3 3|
−|
4 2
4 3|
4 2
(
= 1
−5
) −4 −3
4 −4
−2 6 )
6 1 5
T
(
∴ Adj A = ( Aij ) = −4 4 −2
−3 −4 6 )
6 1 5
A
(
Adj A = ( ij ) = −4 4 −2
−3 −4 6 )
6 1 5
( )
7 7 7
1 −4 4 −2
A = Adj .A/|A| =
7 7 7 7
−3 −4 6
7 7 7
6 1 5
( )
7 7 7
x 4900 700
X =
() y = A−1B =
z
−4
7
−3
4
7
−4
−2
7
6
( ) ( )
4500
5800
= 600
300
7 7 7
x 700
() ( )
y = 600
z 300
13
Monthly salary of a peon is Rs. 300/- p.m.
PROBLEM 2:
A Sales man has the following record of sales during three months for three items A, B, and
C which have different rates of commission.
“ “ B be Rs. y.
“ “ C be Rs. z.
90x+100y+20z =800
130x+50y+40z = 900
60x+100y+30z= 850
By taking 10 as common factor form all the three equations ,we can put the system of
equations
91x+10y+2z = 80
13x+5y+4z = 90
6x+10y+3z =85
14
Where the solutions of system (1) is same the solutions of the system (2) and so we will
solve in system (2)
(
Adj A = Aij = −1 5 15 −10
100 30 85 )
−25 −10 30
Hence A = Adj.A/|A| =
−1
175 (
−15 15 −10
100 30 85 )
Now AX =B ⟹ A−1 (AX) ⟹ A−1 B ⟹ ( A−1 A) X = A−1B⟹ IX = A−1B .
15
−25 −10 30 80
⟹ x = A−1B = =
−1
175 (
−15 15 −10 90
100 30 85 85 )( )
x 2
() ( )
X = y =
z
4
11
x= 2, y=4, z= 11.
Then rate of commission on item A is Rs.2/-
Rate of commission on item B is Rs.4/-
Rate of commission on item C is Rs.11/-.
Solution: Let us assume that Mr.Sham purchased x number of shares of A and y numbers
of shares of B. Then the problem becomes.
10x+5y = 125
16
x y 1
|125 5
150 12|
=
| 10 125 =
9 150 | |109 125 |
x y 1
=
1500−750 1500−1125
= 120−45
x y 1
i.e. = =
750 375 75
750
i.e.., x= = 10
75
375
y= =5
75
B 2 4 5 21
C 3 5 6 27
Find the weights assigned to the three varieties by using determinant.
x + 2y + 3z = 11
2x + 4y+ 5z = 21
3x+ 5y + 6z = 27.
17
1 2 3
| |
Hence 2 4 5
3 5 6
= 1(24-25) – 2(12-15) + 3(10-12)
= -1 + 6 – 6 = -1≠ 0
1
x y z 1 2 3
∆1
= =
∆2 ∆3
=
| |
2 4 5
3 5 6
11 2 3
Where ∆1 = 21 4 5
27 5 6 | | = 11(24- 25) – 2(126 – 135) + 3(105 - 108).
= -11 + 18 – 9 = - 2
1 11 3
|
∆2 = 2 21 5
3 27 6 | = 1(126 – 135) - 11(12 -15 ) + 3(54 - 63)
= -9 + 33 – 27 = -3
∴ ∆2 = -3.
1 2 11
|
∆3 = 2 4 21
3 5 27 | = 1(108 – 105) - 2(54 -63 ) + 11(10 -12)
= 3 + 18 -22 = -1
x = -2/-1 =2
y = -3/-1 = 3
z = -1/-1 =1
∴ The weights assigned to the three varieties of commodities are 2, 3 and 1
respectively.
18
DIFFERENTIAL CALCULUS
Limits
3 2
1 Evaluate lim ¿ X +3 x +6 x +5
x→ ∞
X 3 +2 x+ 6
lim 1
Solution: x →∞
= 0, we divide both the numerator and the denominator by the
x
respective highest power of x , so that
3 2
lim ¿ X +3 x +6 x +5
x→ ∞
X 3 +2 x+ 6
3 6 5
1+ + 2 + 3
= lim ¿
x→ ∞
(x x X
2 6
1+ 2 + 3
X X
)
19
lim 3 lim 6 lim 5
( )
×→ ∞ × →∞ × →∞
lim 1+ + 2
+ 3
lim ¿ ×→ ∞ x x X
= x→ ∞ lim 2 lim 6
×→ ∞
lim 1+ 2
+ × → ∞3
× →∞ X X
1+ 0+0+0
= 1+0+ 0 = 1
1 1
2. Evaluate lim 2
x →1 x + x−2
- x −13
Solution:
1 1 ¿ lim ¿ 1 1
lim 2 - 3 [ - ( x−1 ) (x + x +1) ]
2
x →1 x + x−2 x −1 x →1 ( x−1 ) ( x+ 2)
lim ¿ 1 1 1
¿ x →1 (x−1) [ (x +2) - (x + x+1) ] 2
lim 1 x 2+ x+1−x−2
¿ x →1
[ 2
(x−1) ( x+2 ) ( x + x +1)
]
lim 1 x 2−1
¿ x→ 1
[ 2
¿
( x−1 ) ( x+2 ) ( x + x+1 )
lim 1
x→ 1 ( x−1 ) ( x +1)
¿ [ ]
( x−1 ) ( x+2 ) ( x 2+ x+1 )
(x +1)
¿ lim [ ]
x →1 ( x +2 ) ( x 2+ x +1 )
( 1+1 )
¿
( 1+ 2 )( 1+1+1 )
2
¿
9
lim √ 3−x −1
3. Evaluate x→ 2
2−x
20
Solution:
lim (2−x )
= x→ 2
lim 1
= x→ 2
( √ 3−x +1)
1
= (√ 3−2+1)
1
= 2
DIFFERENTIATION
PROBELM:1
21
δy
And δx = ¿ ¿
δx n n
δy
δx =
n
x 1+ ( x) −x
δx
δy
Now δx < 1, as δx is a small quantity in comparison with x.
By Binomial theorem
δx n ( n−1 ) δx 2 n
n ! δx
δy
δx =
n
x 1+n ([ x
)+
2! ( )
x
+…+
n! x ( ) ]−1
δx
n−1
n ( n−1 ) δx δx
=
xn δx n/2+
[ 2! x 2 ( )
+…+ n
x ]
δx
δy 1 n ( n−1 ) δx
δx
n
[
=x n . x + 2 ! x2
+terms containing δx
]
δy 1
∴ lim
δx →0 δx δx → 0 x [
= lim xn n . +terms containing δx ]
dy
∴ dx
n
= x . n/x = n . x
n−1
( x ¿¿ n)
∴ d
dx
¿ = n. x n−1
dy
PROBELM:2 Find dx
, when y=( x ¿¿ 2+3 x)3 ¿
Solution:
Diff. w.r.t .x
22
dy d
= ( x ¿¿ 2+3 x)3 ¿
dx dx
2 d
=3 ( x ¿¿ 2+3 x) dx ¿ ¿ ¿+3x)
dy
PROBELM:3 If x√ 1+ y +y√ 1+ x = 0 Find dx
Sol: x√ 1+ y = - y√ 1+ x
(x√ 1+ y )2 = (- y√ 1+ x)2
x2 (1+y) = y 2(1+x)
d d d d
x2 dx (1+y) + (1+y) dx (x2) = y2 dx (1+x) + (1+x) dx (y2)
d d d d d d
x2[ dx (1)+ dx (y)] +(1+y) dx (x2) = y2[ dx (1)+ dx (x)]+(1+x) dx (y2)
dy dy
x2[0+ dx ]+(1+y)2x = y2[0+1] + (1+x) 2y dx
dy dy dy
x2 dx + 2x+2xy = y2 + 2y dx +2xy dx
dy 2
-y2+2x+2xy = dx (-x +2y+2xy)
dy y 2−2 x −2 xy
dx = x −2 y −2 xy
2
e x +e− x
PROBELM:4 Find the derivative of w.r.t x.
e x −e− x
e x + e−x
Sol:- Take y = e¿e
23
d d
d u v (u)– u (v)
By using dx ( v ) = dx dx
2
v
d
dy (e ¿ ¿ x+ e−x ) ( e x −e−x )
x d dx
dx =( e −e ) dx (e ¿ ¿ x+ e )−
−x −x
2
¿¿
( e x −e−x )
dy
( e x −e−x ) ¿ ¿
dx =
d
dy
−x d
(e ¿ ¿ x +e− x ) e x −e− x (−x )
dx [ ]
dx = ( e −e ) e +e
x −x x
dx [
(−x ) − x ]
( e −e ) − x 2
¿
−x
( e x −e−x ) ( e x −e−x )−(e ¿ ¿ x+ e−x ) (e x¿ x+−xe 2 ) ¿¿
dy ¿
dx =
( e −e )
−x 2
dy ( e x −e−x ) − ( e ¿x x +e−x 2 ) ¿
2 ¿
dx =
( e −e )
dy −4 e x e− x dy −4
dx = x
( e −e ) −x 2 ⇒ dx = x
( e −e−x )
2
dy 2 at 2 2a
PROBELM:5 Find dx if y= 2 , x=
1+t 1+ t 2
dy dy /dt
Sol: dx = dx /dt
dy d 2 at 2
dt = dt [ 1+t 2 ]
24
( 1+t2 ) 2 a(2 t)−2 a t 2 ( 2 t )
= ( 1+t 2 )
2
( 1+t2 ) ( 4 at )−2 a t 2 ( 2t )
= ( 1+t 2 )
2
4 at+ 4 a t 3 −4 a t 3
= ( 1+t 2 )
2
dy 4 at
dt = ( 1+t ) 2 2
dx d 2a
dt = dt [ 1+ t ] 2
dx −4 at
dt = ( 1+t ) 2 2
2
dy dy /dt 4 at/ ( 1+t 2 )
dx = dx /dt = −4 at/ ( 1+t 2 2
)
= -1
dy
PROBELM:6 If y = 2at, x=at2 find dx
dy dy /dt
Sol: dx = dx /dt
dy d dx d 2
dt = dt (2at) dt = dt (at )
dy d dx d 2
dt = 2a dt (t) dt = a dt (t )
dy dx
dt = 2a dt = a. 2t = 2at
25
dy dy /dt 2a 1
dx = dx /dt = 2 at = t
dy
PROBELM:7 Find dx , if x = t3 and y = t3.
dy dy /dt
Sol: dx = dx /dt
dy d 2
dt = dt (t )
dy 2-1
d dx 3-1
d
dt = 2(t ) dt (t) dt = 3(t ) dt (t)
dy dx 2
dt = 2t dt = 3t
dy dy /dt 2t 21
dx = dx /dt = 3t 2
=3 t
x dy
PROBELM:8 If y= x find dx .
Sol:- y= x x
log y = x log x
d d
dx (log y) = dx (x log x)
1 d d d
(y) = x (log x)+ log x
y dx dx dx (x)
26
1 dy 1
y dx = x. x + log x
1 dy
y dx = 1+log x
dy
dx = y(1+log x)
PROBELM:9
dy 2 2y
Find dx if log xy = x +y
d d 2 2
Solution:- dx (log xy) = dx (x +y )
1 d d 2 d 2
[
xy dx (xy)] = dx (x ) + dx (y )
1 d d d d
[x
xy dx (y)+y dx (x)] = 2x dx (x)+2y dx (y)
1 dy dy
[x
xy dx +y] = 2x+ 2y dx
x dy y dy
xy dx + xy = 2x+2y dx
1 dy 1 dy
y dx + x = 2x+2y dx
1 1 dy
x - 2x = (2y - y ) dx
1−2 x2 2 y 2−1 dy
x
= ( y ) dx
1−2 x2 y dy
( x )( 2 y 2−1 ) = dx
y−2 x2 y dy
2 x y 2−x
= dx
27
dx
Find dy ,if x = y .
y x
PROBLEM:10
Solution: x y = y x .
log( x y ) = log( y x)
y. log x = x.log y
dy
( dy )
y . 1/x + log x.( dx = log y + x . 1/y . dx .
dy dy
y/x + log x . dx = log y + x/y . dx .
dy
( log x−x / y )
dx = log y - y/x
Successive Differentiation
dy
1. If y =3-x2 prove that ( dx )2-4x2 = 0
d d
Solution:- dx (y) = dx (3-x2)
28
dy d d 2
=
dx dx (3) - dx (x )
dy
dx = 0-2x
dy
dx = -2x
dy
( dx )2- 4x2 = (-2x)2-4x2 = 4x2-4x2
dy
( dx )2-4x2 = 0 Hence proved.
Sol:- if y= x5
d d 5
dx (y) = dx (x )
dy 5-1
d
dx = 5(x ) dx (x)
dy
dx = 5x4
d2 y d 4
2 = 5 (x )
dx dx
d2 y 4-1
d
2 = 5.4(x )
dx dx (x)
d2 y
= 5.4x3
d x2
d2 y
= 20x3
d x2
d3 y d 3
3 = 20. (x )
dx dx
29
d3 y
d x3
= 20.3(x3-1)
d3 y
d x3
= 20.3x2
d3 y
d x3
= 60x2
d2 y
3. If x2+xy+3y2 = 1 , show that (x+6y)3 + 22 = 0
d x2
Sol: x2+xy+3y2 = 1
d 2 d
dx
( x +xy+3y 2
) = dx
(1)
d 2 d d 2
dx (x )+ dx (xy)+3 dx (y ) = 0
d d d d
2(x2-1) dx (x)+ [x dx (y)+ y dx (x)] +3.2y dx (y) = 0
dy dy
2x+ [x dx + y] +6y dx = 0
dy dy
2x + x dx + y + 6y dx = 0
dy
2x + y = dx (-6y-x)
dy (2 x+ y)
dx = - (6 y + x )
d2 y d (2 x + y)
d x2
=- [
dx (6 y + x ) ]
Partial Differentiation
30
δu δu δu
PROBLEM:1 If u = x 2 + y 2 + z 2 , show that x δx + y δy + z δz = 2 u
u = x2 + y2 + z2
δu δu δu
∴ δx
= 2x , δy
= 2y, δz
= 2z
δu δu δu
∴ x δx + y δy +z δz = 2x2 + 2 y 2 + 2 z2
= 2( x 2 + y 2 + z 2 ¿ = 2u.
∂z ∂z
PROBLEM:2 If z = x3+3x2y+3y2+y4+ex find ∂ x and ∂ y
∂z ∂
soln: ∂ x = ∂ x (x3+3x2y+3y2+y4+ex)
∂z ∂ 3 ∂ 2 ∂ 2 ∂ 4 ∂ x
=
∂x ∂x
(x )+3y ∂x
(x )+3 ∂x
(y )+ ∂ x (y )+ ∂ x (e )
∂z 3-1 ∂ 2-1 ∂
∂x
= 3(x ) ∂x
(x)+3y.2(x ) ∂ x (x)+3.0+0+ex
∂z
∂x
= 3x2+3y.2x+ex
∂z
∂x
= 3x2+6xy+ex
∂ ∂ 3
∂y
(z) = ∂y
(x +3x2y+3y2+y4+ex)
∂z ∂ 3 ∂ 2 ∂ 2 ∂ 4 ∂ x
∂y
= ∂y
(x )+3y ∂y
(x )+3 ∂y
(y )+ ∂y
(y )+ ∂ y (e )
31
∂z
∂y
= 0+3x2.1+3.2(y2-1)+4.(y4-1)+0
∂z
∂y
= 3x2+3.2y+4y3
∂z
∂y
=4y3 +3x2+6y
∂u ∂u ∂u
PROBLEM:3 If u =x2y+y2z+z2x Prove that ∂ x + ∂ y + ∂ z = (x+y+z)2
∂u ∂ 2
∂ x (x y+y z+z x)
2 2
Sol: ∂x =
∂u ∂ 2 ∂ 2 ∂ 2
∂ x = ∂ x (x y) + ∂ x (y z)+ ∂ x (z x)
∂u ∂ 2 2 ∂
∂x
= y ∂x
(x ) + 0 + z ∂x
(x)
∂u
∂x
= y.2(x2-1) + z2
∂u 2
∂ x = y.2x+z
∂u
∂x
= 2xy+z2
∂u ∂ 2
∂y
= ∂y
(x y+y2z+z2x)
∂u ∂ 2 ∂ 2 ∂ 2
=
∂y ∂y (x y)+ ∂y (y z)+ ∂ y (z x)
∂u ∂ ∂
∂y
= x2 ∂ y (y)+z ∂ y (y2)+0
∂u 2 2-1
∂
∂y = x .1+z.2(y ) ∂ y (y)
∂u 2
∂ y = x +z.2y
∂u
∂y
= x2+2yz
32
∂u ∂ 2 2 2
∂z = ∂ z (x y+y z+z x)
∂u ∂ 2 ∂ 2 ∂ 2
∂ z = ∂ z (x y) + ∂ z (y z)+ ∂ z (z x)
∂u 2
∂ ∂ 2
∂z = 0+y ∂z (z)+x ∂ z (z )
∂u
∂z
= y2+x.2(z2-1)
∂u
∂z
= y2+x.2z
∂u
∂z
= y2+2xz
∂ u ∂u ∂u
+ + = z2+2xy+x2+2yz+y2+2xz
∂x ∂ y ∂ z
= x2+y2+z2+2xy+2yz+2zx
∂ u ∂u ∂u
+ + =(x+y+z)2
∂x ∂ y ∂ z
Hence proved.
= 15 x 4 - 15 x 2
Hence ; 15 x 4 - 15 x 2 = 0
33
15( x 2 -1) = 0
x 2 -1 = 0 or x 2 = 1 or x =√ 1 = ± 1
(Or)
15 x 4 = 15 x 2
15 x 4 15
15 = ⟹ 15 x 2= 15 ⟹ x 2= 15 = 1
x2
X = √1 = ± 1
d2 y d
2 =
( 15 x 4−15 x 2 ) = 60 x 3 -30x
dx dx
At x = 1;
So x = 1 is minimum.
At x = -1;
So x = -1 is maximum.
34
APPLICATIONS OF PARTIAL DIFFERENTIATION
DEFINITIONS OF SOME FUNCTIONS IN ECONOMIC THEORY
PROBLEM:1
dc d2 c
Produced dq = 0 and is positive for q =q 1
d q2
dc −48 dc −48+6 q3
dq
= 2 +6q ⇒ dq
= 0 = =0
q q2
dc
⇒ dq
= 0 for q =2
d2 c
And = + 96/q 3 > 0 if q = 2
d q2
35
PROBLEM: 2 A manufacture sells x units of a product when the price
p(x) per unit is 100 – 0.10 x rupees. The cost of x units in rupees is c(x)
= 1000 + 50x. How many units should be sell to maximize
= 100x × x 2/10
x2
P(x) = R(x) - c(x) =100 x− −1000−50 x
10
1
P(x) = 10
(- x 2 + 500x - 10000)
dp
⇒ dx = 0 if x = 250
d2 p 1 −1
And 2 = 10 (-2) = 5 < 0
dx
dp d2 p
Since dx = 0 and < 0 at x = 250.
d x2
= Rs. 5250
Solution:
p dx
We know that the elasticity of demand function = ηd = − x . dp ( )
Since demand function is given by x = 7 – 3p
x –7 dx
(i.e.) p = − 3 , ( ) dp
= -3
x–7
We have ηd =+ 3 ( ) (-3) = ( 7 –x x )
ηd = ( 7 –x x ) if p = 1,2,3 then x = 4, 1, -2
37
dx x 1
dp = (1+ x) x p
dx x 1
∴ dp = ( 1+ x ) .( x e x ) = (1+ x)e
x (from 1)
−p dx x ex 1
∴ ηd = ( )
x . ( ) dp =- x × (1+ x)e x
1
ηd = - (1+ x)
PROBLEM: 5 A Store can sell 100 tennis rackets a year at Rs. 30
each. For each Rs.2 doop. In can sell 10 more rackets. What sale price
would produce the greatest revenue.
Solution:
R = (250 – 5 x) x = 250 x – 5 x 2
dR d2 R
To obtain the maximum Revenue dx = 0, < 0
d x2
dR dR
dx
= 250 - 10x (ie) dx
= 0 for x = 25
d2 R
And = - 2 < 0 for all x.
d x2
38
Hence Revenue is maximum for x = 25.
P = 7 x - x 2 + 16y - 2 y 2 – 6
δM
⟹Marginal Revenue w.r.t. market x. δx = 0 for x = 7/2
δM δP δM
Similarly δy = δx = 16 – 4y and δy = 0 for y =4
= (6.5) (3.5) + 11 × 4
39
= 22.75 + 44 = 66.75 = Total Sales
δ R2
M R2 = δy
= 19 - 4y = 19 – 16 = 3
M R1 = M R2 = MC
PROBLEM:1 Evaluate :
∫ x ex dx
(x +1)2
1
Solution: Take x e x as first function and as second function.
(x +1)2
1 1 1 d
∫ x e x . ( x +1)2 dx = x e x .∫ ( x+1)2 dx- ∫ ∫ (x +1)2
([ dx
x
dx . (x . e ) dx
] )
=xe
x
.
−1
( x+1 ) + ∫ ( x 1+1 ) . ¿ ] dx
−xe x
1 x
= x +1 + ∫ x+ 1 e ( x +1 ) dx .
¿
¿
−xe x
= x +1 + ∫ e x dx
¿
¿
40
xe x
= - x+1 + ex
¿
¿
x
= [
e x 1−
x+ 1 ]
[ x +1−x ]
= ex
x +1
ex
= x+1
x 1 ex
∫xe . ( x +1)
2
dx = x+1 +c
= x 2 (−e− x ) - ∫−e−x .2 x dx
= x( -e− x ¿ - ∫−e−x .1 dx
= −x e−x - ∫−e−x dx
= −x e−x - e− x
41
= -e− x(x+1)
= - e− x+ [ x 2+ 2 x +2 ¿+c .
R = ∫ R m dx = ∫ ¿ ¿ dx
1
= 6 ∫( dx)+5∫ 1. dx
( x+ 2)2
−6
= - x+2 +5 x+ K
42
Now when x = 0, R = 0 So,
−6
1 = 0+2 +5.0+ K
K = 3
6
R = 3+ 5x - x+2
Also, we know that
3 6
=x +5 - x(x +2)
3 ( x +2 )−5 ( x ) ( x+2 ) −6
=
x (x +2)
3 x +6−5 x 2−10 x −6
=
x ( x +2)
−(5 x +7)
∴ p = −5 x 2−7 x /x ( x +2) = x +2
.
ab
PROBLEM:2 If marginal revenue function of a firm is −C . Find the total
(x −b)2
revenue function. Putting the condition TR=0 when x=0. Prove that the
average revenue function
a
AR = b−x - C.
43
ab
∫ dR = ∫ ( ( x−b) )
−C dx
2
ab
R = x−b – Cx+K … (1)
K = -a.
ab
R= - o−b – Cx-a
Total Revenue
Average revenue = x
ab
= ( x−b – Cx−a ) /x
−ab a
= - C -
x(x −b) x
−ab−a(x−b)
= −¿c
x( x −b)
−ax
= x(x −b) - C
−a
= x−b - C .
Solution: we have
dA
MR = dx = 5 – 4x +3 x 2
44
∫ dR = ∫ (5−4 x +3 x2 ) dx
R = 5x - 2 x 2+ x 3+K
If x = 0, R = 0 , then
Also, we have
dC
MC = dx = 3 + 2x
∫ dC = ∫ ( 3+ 2 x ) dx
C = 3x + x 2+K
If x =0 , C = 0, then
0= 3.0 + 02 +K
∴K = 0
C = 3x + x 2
= 5x - 2 x 2+ x 3-(3x+ x 2)
P(x) = 2x -3 x 2+ x 3
P(4) = 24
45
PROBLEM:4 Find consumer’s surplus and producer’s surplus defined by
the demand curve D(x) = 20 -5x and the supply curve S(x) = 4x+ 8.
D(x) = S(x)
∷ 20 – 50 = 4x +8
9x = 12
X = 12/9 = 4/3
x = x 0 = 4/3.
Now p0 = D( x 0 ) = 20 -5 x 0
= 20 – 5.(4/3)
= 40/3
40
p0 =
3
i) Consumer’s surplus is given by
s0
CS = ∫ D ( x ) dx−p 0 x 0
0
4/3
= ∫ ( 20−5 x ) dx− 40 ×
3 3
4
0
4 5 4 2 160
= 20 × 3 –2 ( 3 ) -0 – 9
80 40 160
= 3 - 9 - 9
240−40−160 40
= 9 =9
ii) Also producer’s surplus is given by
s0
PS = x 0 p0 - ∫ S ( x ) dx
0
4/3
4 40
= 3 x 3 - ∫ (4 x+ 8)dx
0
46
160
= 9
- ⌈ 2 x 2 +8 x ⌉
160 4 2 4
= 9
- ⌈ 2.( ) + 8× −0⌉
3 3
160 32 32
= 9
- ⌈ + ⌉
9 3
160 128 32
= 9
- 9
= 9
32
∴ PS = 9
LINEAR PROGRAMMING
Subject to
3 x 1- x 2+3 x 3 ≤ 7
-2 x 1+4 x 2 ≤12
-4 x 1+3 x 2+8 x 3 ≤ 10
x 1, x 2, x 3 >¿0
47
We give only tables of solution. The readers are advised
cj 3 2 0 0
cB xB x1 x2 x3 x4 x5 x6 Min ratio
0 x 4 =7 3 -1 3 1 0 0 12/4
0 x 5=12 -2 4 0 0 1 0 10/3
0 x 6=10 -4 3 8 0 0 1
48
Z’=11, Z B=-11 0 0 13/5 1/5 8/10 0 ∆ j ≥0
Minimize Z=-11
Maximize Z =3 x 1- x 2
Subject to 2 x 1+ x 2 ≥ 2
x 1+3 x 2 ≤3
x 2 ≤4
x 1, x 2 ≥ 0
x 2+ x 5=4
49
x 1, x 2, x 3, x 4 , x 5 and a 1 ≥0 and M¿0
cj 3 -1 0 0 0 -M
cB xB x1 x2 x3 x4 x5 x6 Min ratio
x B/ x K
-M a 4=2 2 1 -1 0 0 1 2/2←
0 x 4 =3 1 3 0 1 0 0 3/1
x 5=4 0 1 0 0 1 0
3 x 1=11 1 ½ -1/2 0 0 X
0 x 4 =2 0 5/2 ½ 1 0 X 2/1/2←
0 x 5=4 0 1 0 0 1 X
Z= 3 0 5/2 -3/2 0 0 X ←∆j
3 x 1=3 1 3 0 1 0 X
0 x 3=4 0 5 1 2 0 X
0 x 5=4 0 1 0 0 1 X
50
Z=9 0 10 0 3 0 ∆ j ≥0
51