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    Mathematical Methods For Economics

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    ambikavarmak

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    Mathematical Methods For Economics

    Uploaded by

    ambikavarmak
    6 views7 pages

    Original Title

    13. Mathematical Methods for Economics

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    6 views7 pages

    Mathematical Methods For Economics

    Uploaded by

    ambikavarmak

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 7

    Total No.

    of Pages : 7

    Paper code: 1101-2SB Sub. Code: EC02SB


    First Year B.A. Degree Examinations, April - 2024
    ECONOMICS-2 (MAJOR-2)
    (Semester -II) (Part-II) (Regular)
    Paper - IV : Mathematical Methods for Economics
    Time: 3 Hours Max. Marks: 75

    SECTION - A
    Answer All questions. (25)
    Multiple Choices. (5 x 1 5)

    1. What is 20% of80?


    A) 10
    B) 16
    C) 20
    D) 40

    2. The determinant ofthe matrix [~ 1]is:


    3 .
    A) 2
    B) 3
    C) 6
    D) 8

    AK-2040 [1) [P.IG.


    llOl-2SB EC02SB

    3. What is the derivative ofg(x)=sin(x)?

    A) cos(x)

    B) sin(X)

    C) cos(X)

    D) sin(.x)

    4. What is the second derivative ofj(x)==e'" with respect to x?


    ---
    A) e<

    B) e2x

    C) e--X

    D) e<+1

    AK-2040 [21
    1101-2SB EC02SB

    5. Which ofthe following methods is used to find the optimal solution


    to linear programming problems?
    A) Gradient descent
    B) Newton's method
    C) Simplexmethod
    D) Quasi-Newton methods

    Write the True or False: (5 x 1 = 5)


    6. Linear algebra is not used in economic modeling.

    "'
    7. Calculus is notnecessary for understanding optimization problems
    . .
    meconolllics.

    8. Econometrics is a branch ofmathematics used in economics for


    studying economic data and making forecasts.

    9. The first derivative ofa function gives the rate ofchange ofthe
    function with respect to another variable.

    10. Matrix multiplication is commutative.

    {P.7:o.
    AK-2040 [31
    llOl-2SB EC02SB

    Match the following : (5 x 1 = 5)

    11. 1) Linear Regression

    2) Integration [

    3) Game Theory ( 1
    4) MatrixAlgebra

    5) Optimization [

    a) Estimatingthere1ation:.ftpbetweenGDPandunemploymfD:
    rate.
    . -
    ~-.
    "'......
    b) Finding the area under a demand CUl'\letift'ir'liateec IIi in r

    c) Analyzing strategic interactions among fInns in an oligopoly


    market.

    d) Solving systems ofequations to determine equilibrium prices


    and quantities.

    e) Maximizing profIt or minimizing cost subject to constraints


    in production.

    AK-2040 14)
    1101-2SB EC02SB

    AnsweranyTWOoftheFollowingQuestions: (2 x 5 10)
    12. If A = [a, b, c, d], B = [1,2,3] thenf= [a, 1] [b, 2] [c, 3] is
    one-one?

    13. Find the Derivative ofsin x using fIrst principle.

    14. Show that the rectangular solid ofmaximum volume that can be
    inscribed in a sphere is a cube.

    15. Find consumption function and saving function ofMPC=O.5 and


    at zero income consumption is 10.

    16. If A=[3 1] showthatA2 -5A+ 7I =0.


    -1 2

    SECTION -B
    Answer ALL questions. (5 x 10 50)
    17. a) Draw the Graphical representation of function
    f(x) =x + 2 in [1,3].
    OR
    b) Draw the Graphical representation of Y [X].
    AK-2040 (5J [pr.o.
    1101-2SB EC02SB

    AR
    18. a) Ifdemand function is p=a-bx then verify that AR_MR .

    OR

    1
    b) Cost function is C ="3 X3 + 5X2 + 30X = 10 and p = 6
    then find the profit maximising output level.

    19. a) Divide 84 into two parts. Such that product ofone part and
    square ofother is Maximum.

    OR

    b) Find the dimension ofa rectangular parallelopiped bar open


    at the top ofmax capacity whose surface area 108 sq. inches.

    20. a) The standard weight to special purpose brick is 5 kg and it


    contains two basic ingredients Bland B2, B 1 cost Rs. 5 per
    kg and B2 cost Rs.8 per kg. Strength consideration dictate
    that the brick should contain not more than 4 kg ofB1 and
    minimum 2kg ofB2. Since the demand for the product is
    likely to be related to the price ofthe brick. Formulate the
    problem as L.P.P. to minimize cost to brick.

    OR
    AK-2040 (6)
    1101-2SB EC02SB

    b) No optimal solution in Graphical Method

    Max z = 33x I + 2x2 subject to constraint

    Xl + x2 S 1
    Xl + x2 2: 3 and Xl' X 2 2: 0

    [~
    ~J
    -2
    21. a) Find the adjoint ofthe matrix 3
    -1 1

    OR

    ~l
    2
    b) Find the Inverse ofthe matrix A =[ 3
    -2
    -n
    x x x

    AK-2040 (7)

    ----------~~~""~~-~"~------~""

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