Final Assignment MAT1092 Code 0 1
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Trường XuânFinal Assignment MAT1092 Code 0 1
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Trường XuânFINAL ASSIGNMENT
Code: 0
Lecturer’s Signature
Program: IB, AC, MIS, BDA
Course Code: MAT 1092
Course Title: Advanced Mathematics
Asso. Prof. Nguyễn Hải Thanh
Time allowed: 24 hours Date: 26/5/2021
Department’s Signature
Date: 14/6/2021 - 15/6/2021
Starting at 9:00, 14/6/2021
Ending at 9:00, 15/6/2021
Date: …/5/2021
Instructions to students:
1. At 9:00 AM, 14/6/2021, each student is assigned a final assignment with code number that is
identical to the last digit of his / her student code (for example: if a student code is 17071365 the
last digit is 5, and he / she must choose to do Final Assignment MAT1092 Code 5).
2. Final assignment consists of 5 problems, students should write the answers by hand to these
problems in 10 pages. Solution of problem 1 is written in pages 1-2, problem 2 in pages 3-4,
problem 3 in pages 5-6, problem 4 in pages 7-8, problem 5 in pages 9-10. Each page is numbered
clearly by hand writing in the right-top corner. Some pages not used are left with blank space.
Students should write clearly his / her full name and student code in the first row of the first page
(for example: Nguyễn Văn Thao, 17007365).
3. To submit the final assignment, students use CamScanner to scan all the above 10 pages and
save them to a pdf file, starting from page 1, then page 2, 3, 4, 5, 6, 7, 8, 9 and 10.
4. Students should finish submitting the final assignment / the pdf file with the file name: student’s
full name.MAT1092.lecturer’s name (for example: Nguyen_Van_Thao.MAT1092.Thanh) in
due time through MS Teams Assignment (do not be late in submitting the final assignment, since
the final assignment can not be submitted after the due time, 9:00AM, 15/6/2021).
5. Any violation of the above instructions will CAUSE ZERO MARK for the final assignment.
Problem 1 (2 points): Consider the two-sector model:
= 0.5(C + I – Y)
C = 0.6Y + 600
I = 0.2Y + 300
a/ Find expressions for Y(t), C(t) and I(t) when Y(0) = 6500;
b/ Is this system stable or unstable, explain why?
Problem 2 (2 points): A project requires an initial outlay of $92000 and produces a
return of $30000 at the end of year 1, $40000 at the end of year 2, and $42xyz at the
end of year 3, where x, y, z are the last three digits of your student code (for
example: if a student code is 17071365 then x = 3, y = 6, z = 5 and $42xyz=$42365).
a/ Use the trial-and-error method or another appropriate method to determine the
internal rate of return IRRof the project (express IRR in percentage, rounded to one
decimal place);
b/ Find the net present value NPV of the project if the market rate r is equal to the
value of IRR as found above, then give a comment.
Problem 3 (2 points): An annuity pays out $3000 at the beginning of each year in
perpetuity. If the interest is 6% compounded annually, find:
a/ The present value of the whole annuity;
b/ The present value of the annuity for payments received, starting from the end of
20th year.
Problem 4 (2 points): Consider the optimization problem of maximizing Cobb–
Douglas production function: Q = 20 K1/2 L1/2, subject to cost constraint: K + 4L = 64.
a/ Use the method of Lagrange multipliers to find the maximum value of the production
function;
b/ Estimate the change in the optimal value of Q if the cost constraint is changed to: K + 4L
= 65, and state the new maximum value of the production function.
Problem 5 (2 points): A manufacturer produces two models of racing bike, A and B,
each of which must be processed through two machine shops. Machine shop 1 is
available for 92 hours per month and machine shop 2 for 134 hours per month. The
manufacture of each bike of type A takes 6 hours in shop 1 and 4 hours in shop 2.
The corresponding times for B are 4 and 10 hours, respectively. Due to a contract,
the manufacturer must produce at least 5 bikes of type B per month. If the profit is
$90 and $75 per bike of type A and B respectively, how should the manufacturer
arrange production to maximize total profit?
