TEST 1

Question 1 (2 marks):
  4 6 7 8 10 
  
1 4 3 2 
a. Compute: det 
3 7 1 1 
 
  1 1 0 4  
 
 cos x  sin x 
b. Let C    . Determine C n .
 sin x cos x 
Question 2 (2 marks):
2 x1  7 x2  3 x3  x4  6

a. Solve the following system: 3 x1  5 x2  2 x3  2 x4  4
9 x  4 x  x  7 x  2
 1 2 3 4

b. Agrue solutions of the following systems based on the parameter m

x  y  mz m

mx  2 y   2m  2  z  4

 x  y  3z  m 2  3m  3
Question 3 (2 marks):
3
a. In the vector space, , determine whether the following sets of vectors is linearly
dependent or linearly independent

u1  1;2;3 , u2   4;5;6 , u3   7; 8;9

b. Let w   5; 12;3 . Consider whether u is a linear combination of u1, u2 , u3 .
Question 4 (2 marks): Consider a three sector economy where the interindustry sales
(sectors selling to each other) and the consumption matrix
 0,1 0, 2 0, 25
0,15 0,3 0,3 
 
 0,3 0,1 0,1 
a. Express the meaning of the figure 0,25.
b. Find the output of each sector given that the final demands are 200, 150 and 100
respectively.
c. What a total amount will be consumed by the sector 2?
Question 5 (2 marks): A perfectly competitive firm has a demand function P  121 and
costs given as
1
TC  Q3  15Q2  175Q  500 ,
2
a. Write down the equations for TC, TR and  .
b. Find the output, Q, at which profit is minimised and maximised.
 TEST 2

Question 1 (2 marks):
4 6 7 8
1 4 3 2 
a. Let A    . Prove that A is invertible. Set B  A1 . Determine b .
3 7 1 1 24

 
1 1 0 4 
b. Prove that
a1  b1 x a1  b1 x c1 a1 b1 c1
a2  b2 x a2  b2 x c2  2 x a2 b2 c2
a3  b3 x a3  b3 x c3 a3 b3 c3
Question 2 (2 marks): Let
 x  y  mz  1

 x  my  z  2
 x  (m  1) y  (m  1) z  3

a. Solve the system given that m  11 .
b. Find m such that the system has infinitely many solutions and verify the solution set.
Question 3 (2 marks): In the vector space 3 , let
u1  1,2,3 ; u2  1,3, 2 ; u3   2,3, 1
a. Show that U   u1 , u2 , u3 is linearly independent.
b. Consider whether u   2, 3,17  is a linear combination of U  .
Question 4 (2 marks): Consider a three sector economy where the interindustry sales
(sectors selling to each other) and the consumption matrix
 0,1 0,3 0, 2 
C   0, 4 0, 2 0,3 
 0, 2 0,3 0,1 
 
a. What amounts will be consumed by the sector 3 if it decides to produce 300 units.
b. Given the final demand vector D  118 52 96  . Find the output of each sector.
T

Question 5 (2 marks): The demand function for a good is given by the equation
P  50  2Q
while total cost is given by
TC  160  2Q
a. Write down the equation for total revenue and profit.
b. Determine the maximum profit and the value of Q at which profit is a maximum.
c. Compare the levels of output at which profit and total revenue are maximised
 TEST 3

Question 1 (2 marks):
 x  4   x  3  x  2 
2 2 2

 x  1  x  1  216 , x 
2 2
a. Prove that x2 .
 x  2   x  3  x  4 
2 2 2

1 0 1   1 2 1 
b. Solve the matrix equation A1 XA  B , given that A  0 1 1  , B   3 4 2  .
1 1 0   2 1 1 
Question 2 (2 marks):
a. Solve the following system
 x1  x2  x3  x4  2
x  x  2x  0
 1 3 4

 x1  2 x2  2 x3  7 x4  7
2 x1  x2  x3  2 x4  5
b. Agrue solutions of the following systems based on the parameter m
5 x1  x2  2 x3  1

 x1  2 x2  3 x3  2
 x  x  mx  0
 1 2 3

Question 3 (2 marks): In the vector space 5 , consider

(U )  u1  1, 0, 0, 2, 5 , u2   0, 1, 0, 3, 4  , u3   0, 0, 1, 4, 7  , u4   2,  3, 4, 11, 12 
a. Show that (U ) is linearly independent.
b. Find a vector u5 such that (V )  (U )  u5 is also linearly independent.
Question 4 (2 marks): Consider a three sector economy where the interindustry sales
(sectors selling to each other) and the final demand given in the following table:

Input
Output Final Demand
1 2 3

1 50 40 10 55

2 50 25 65 40

3 40 70 55 30

a. Express the meaning of the figures 10 and 25.

b. Find the output of each sector.
c. Determine the consumption matrix.
Question 5 (2 marks): If the demand equation of a good is
P  1000  4Q
find the value of Q which maximizes total revenue.
 TEST 4

Question 1 (2 marks):
a. Prove that
1 a bc
1 b ca   a  b  b  c  c  a  .
1 c ab
2 0 0
b. Let D   0 1 0  . Determine D 1 .
 
n

 0 1 2 
Question 2 (2 marks):
 2 5  4 6 
a. Find an 2  2 matrix X such that   X  .
 1 3 2 1 
b. Let
mx  3 y  z  2

mx  y  2 z  3
3 x  2 y  z  n

Determine m and n such that the system has infinitely many solutions and verify the
solution set.
Question 3 (2 marks): In the vector space 3 , given the set
M  u1  1, 2, 1 , u2   2,  2, 1 , u3   3, 2, 2  , u4  1, 1, 1
a. Show that M is linearly dependent.
b. Find a, b, c such that w  au1  bu2  cu3 .
Question 4 (2 marks): Consider a three sector economy where the interindustry sales
(sectors selling to each other) and the consumption matrix
 0,1 0, 2 0,3 
C   0,3 0,1 0,1 
0, 2 0,3 0, 2 
a. Express the meaning of the entry c23 .
b. Given that the final demands are 70, 50, 100 respectively. Find the output of each sector.
c. What will sector 1 consume from sector 2 if it decides to make 1000 units?
Question 5 (2 marks): An electronic components firm launches a new product on 1
January. During the following year a rough estimate of the number of orders, S, received t
days after the launch is given by
S  t 2  0,002t 3
a. What is the maximum number of orders received on any one day of the year?
b. After how many days does the firm experience the greatest increase in orders?
 TEST 5

Question 1 (2 marks):
2 0 0  2 1 1
 
a. Let A   0 1 1  , B   1 2 1  . Find an 3  3 matrix X such that XA  BT .
 0 2 1   1 1 2 
b. Let w be a complex number such that w3  1 and w  1 . Prove that

1 w w2
w 1 w2  0 .
w w2 1

Question 2 (2 marks):
 x1  2 x2  3x3  4 x4  4
 x  x  x  3
 2 3 4
a. Solve the following system:  .
 x1  3 x2  3 x4  1
7 x2  3x3  x4  3
b. Let
 px  qy  rz  0

qx  ry  pz  0 .
rx  py  qz  0

Determine p, q and r such that the system has nontrivial solution.
Question 3 (2 marks): In the vector space 3 , given the subset
U   u1  1, 2,2,1 , u2  1, m,4,3 , u3   2,2m, m  3, 1 .
Determine m such that U  is linearly independent.
Question 4 (2 marks): Consider a three sector economy where the interindustry sales
(sectors selling to each other) and the final demand given in the following table:
Input
Output Final demand
1 2 3

1 40 70 55 20

2 50 25 65 50

3 50 40 10 70

a. Find the output of each sector.

b. Express the meaning of the sum of all entries on the column 3.
c. Determine the consumption matrix.
Question 5 (2 marks): The demand and total cost functions of a good are
45 Q3
P  2750  Q, TC   15Q2  2500Q .
8 30
a. Find the expresions of MC and AC.

b. Determine the value of Q which maximizes profit.

 TEST 6

Question 1 (2 marks):
m 1  m 
a. A    . Compute A2  AT .
 2 1  m
m 1 1 
b. Let X   1 1 m  . Find m such that X is invertible and determine (2,3)-entry of X 1
 1 m 1 
c. Prove that
b  c 
2
b2 c2
c  a  2abc  a  b  c  .
2 3
a2 c2
a  b
2
a2 b2
Question 2 (2 marks): Let
 x1  2 x2  1

 x1  x2  mx3  2
mx  4 x  6
 2 3

a. Solve the system given that m  11 .

b. Find m such that the system has unique solution and verify that solution.
Question 3 (2 marks): In the vector space 3 , let
   1  (0,1,1),  2  1,0,1 , 3  1,1,0
and
    1  1, 1,1 , 2   0, 2,5 , 3   2, 2, 3
a. Determine whether   is linearly independent or dependent.
b. Show that 1, 2 and 3 are linear combinations of    .
Question 4 (2 marks): Consider a three sector economy where the interindustry sales
(sectors selling to each other) and the consumption matrix
 0,1 0, 2 0,3 
C   0,3 0,1 0,1 
0, 2 0,3 0, 2 
a. What will sector 2 consume from sector 3 if it decides to make one unit?
b. Given that the outputs are 100, 120, 130 respectively. Determine the final demand of each
sector?
c. Suppose, due to technical improvements, industry 3 saves 20% of the amount used from
industry 2. Find the new consumption matrix.
Question 5 (2 marks): A small tie shop sells ties for $3.50 each. The daily cost function is
estimated to be C  x  dollars, where x is the number of ties sold on typical day and

C  x   0,0006x3  0,03x2  2x  20

Find the value of x that will maximize the store’s daily profit.
 TEST 7

Question 1 (2 marks):
3 1 
a. Let D    . Determine D n where n is a natural number.
0 2 
1 0 2 a
2 1 b 0
b. Compute .
3 c 4 5
d 0 0 1
sin  cos  sin    
c. Prove that sin  cos  sin       0 .
sin  cos  sin    
Question 2 (2 marks): Solve
mx1  x2  x3  x4  1

 x1  mx2  x3  x4  1
 x  x  mx  x  1
 1 2 3 4

Question 3 (2 marks): In the vector space 3 , given the set

M  v1   0, 1, 1 , v2  1, 0, 1 , v3  1, 1, 0  , v4  1, 1, 1
a. Show that M is linearly dependent.
b. Find a, b, c such that v4  av1  bv2  cv3 .
Question 4 (2 marks): Consider a three sector economy where the interindustry sales
(sectors selling to each other) and the consumption matrix
 0,1 0,3 0, 2 
C  0, 4 0,1 0,1 
 0,1 0,3 0,3 
a. Express the meaning of the figure 0, 4 .
b. Given that the final demands are 200, 100 and 150 units respectively. Find the output of
each sector.
c. What amounts will be consumed by the sector 2 if it decides to produce 100 units?
Question 5 (2 marks): Some years ago it was estimated that the demand for steel
approximately satisfied the equation p  256  50 x , and the total cost of producing x units
of steel was C  x   182  56 x . (the quantity x was meansured in millions of tons and the
price and total cost measured in millions of dollars.) Determine the level of production and
the corresponding price that maximize the profit.
 TEST 8

Question 1 (2 marks):
3 3 x x
x 3 3 x
a. Solve 0.
x x 3 3
x x x 3
b. Agrue based on the parameter m the rank of the following matrix
3 m 0 1 
 6 2m m 2 
A 
 9 3m 0 m  2 
 
15 5m 0 7 
Question 2 (2 marks):
 5 7 
a. Determine a matrix B such that AB  BA , given that A   .
 3 4
b. Solve
 4  m  x1  2 x2  x3  1

2 x1  (1  m) x2  2 x3  2
 x  2 x  4  m x  1
 1 2   3
Question 3 (2 marks): In the vector space 3 , let
U   u1  1;2;3 , u2   4;5;6 ; u3   7, 8,9
a. Show that V   v1  u2  u3 , v2  u3  u1 , v3  u1  u2  is linearly independent.
b. Is w   5, 12,3 a linear combination of U  .
Question 4 (2 marks): Consider a three sector economy where the interindustry sales
(sectors selling to each other) and the consumption matrix
0, 4 0,1 0, 2 
C  0, 2 0,3 0, 2 
 0,1 0, 4 0,3 
a. Expess the meaning of the (2,3)-entry.
b. Given that the final demands are 300, 250 and 400 respectively. Find the output of each
sector.
Question 5 (2 marks): The demand and total cost functions of a good are
4 P  Q  16  0
and
3Q2 Q3
TC  4  2Q  
10 20
respectively.
a. Find expression for TR,  , MR and MC in terms of Q.
b. Determine the value of Q which maximizes profit.
 TEST 9

Question 1 (2 marks):
xa a a
a. Compute: a ya a .
a a za
b. Let
1 1 1   1 2 3
A  1 2 2  and B  0 2 3
1 2 3  0 0 3

 
1
Compute B 2 AT .
Question 2 (2 marks):
a. Solve the following system
 x1  2 x2  4 x3  3x4  0
3x  5 x  6 x  4 x  0
 1 2 3 4

4 x1  5 x2  2 x3  3x4  0
3x1  8 x2  24 x3  19 x4  0
b. Solve
ax  4 y  z  0

2 y  3 z  1
3x  cz  2

Question 3 (2 marks): In the vector space 3 , let
   1  1;1;1 ,  2  1;1;2 , 3  1;2;3
and
    1   2;1; 1 , 2   3;2; 5 , 3  1; 1;m
a. Is 1 a linear combination of   ?
b. Determine m such that    is linearly dependent?
Question 4 (2 marks): Consider a three sector economy where the interindustry sales
(sectors selling to each other) and the consumption matrix
 0,1 0,3 0,1 
C  0, 2 0,1 0,35
0, 4 0,3 0, 2 
a. Express the meaning of the figure 0,35.
b. Given that the outputs are 1000, 800 and 700 respectively. Find the final demand of each
sector.
c. Find the unit consumption vector of the sector 2 and express its meaning.
Question 5 (2 marks): If fixed costs are 15 and the variable costs are 2Q per unit, write
down expressions for TC, AC and MC. Find the value of Q which minimizes AC and verify
that AC = MC at this point.
 TEST 10

Question 1 (2 marks):
a. Let
1 1 2   2 1 1
A  0 1 1  and B   1 0 2  .
 
1 0 2   1 1 3 
Solve AX  B 2  AT .
b. Solve
2 2 x x
x 2 1 x
0.
x x x 1
2 x 1 1
Question 2 (2 marks):
a b  2 1 
a. Determine a matrix X    such that AX  XA where A   .
c d   3 4 
b. Solve
 x  5 y  a 2 z  3

2 x  2 y  a z  3a
2

4 x  3 y  z  5

Question 3 (2 marks): In the vector space 3 , let
   1  1, 1,2 ,  2   2,0, 3 , 3   m, 2m,1
a. Determine m such that   is linearly combination.
b. Determine m such that 2 is a linear combination of 1 , 3 .
Question 4 (2 marks): Consider a three sector economy where the interindustry sales
(sectors selling to each other) and the final demand given in the following table:
Input
Output Final demand
1 2 3

1 50 40 15 70

2 45 30 60 65

3 40 70 55 20
a. Express the meaning of the figures 15 and 65.
b. Find the output of each sector.
c. Find the unit consumption vector of the sector 1.
Question 5 (2 marks): The fixed costs of producing a good are 100 and the variable costs
Q
are 2  per unit.
10
a. Find expressions for TC and MC.
b. Evaluate MC at Q  10 and and hence estimate the change in TC brought about by a 2
unit increase in output from a current level of 30 units.
c. At what level of output does MC=22?