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Tutorial for Equation and Function 2024-2025

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Tutorial for Equation and Function 2024-2025

Uploaded by

jaydandave
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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THE INSTITUTE OF FINANCE MANAGEMENT (IFM)

Department of Mathematics and Actuarial studies


BFU 07103, ACU 07106, TMU 07117, SPU 07103, IRU 07106, MTU
07101
Business Mathematics
Tutorial Questions for Equations, Functions and Graphs in Business
from 18th November to 6th December, 2024

QUESTION ONE
i) Determine which of the following equations are linear for x ,y and variables
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a. x 2  2x 1  b. 2  x  c. x  42 y  9 d. 3yx+4x  7
x

ii) Formulate the equation and solve the following equation

a. John buys two bags of chips and three boxes of pizza for $5.13. He then buys another bag
of chips and two more boxes of pizza for $3.09. Find the cost of each bag of chips and each
box of pizza. (Use elimination method , substitution method)

b. A company invests 1500 in stock A and 2000 in stock B. the return on investment is 6% for
stock A and 8% for stock B. The total income earned from these investment if 160.How
much money is invested in each stock?

c. A manufacturer develops a formula to determine the demand for its product depending on
the price in Tsh. The formula is
𝐷 = 1800 + 120𝑃 − 4𝑃2

d. Where, 𝑃 the price per unit, and 𝐷 is the number of units in demand. At what price will
the demand drop to 600 units

e. Equation relating quantities demand (x) and price per unit (y) is given by y  600x  5000
i. Find the price per unity if quantities demanded are 3500 units
ii. Find quantities demanded if price per unit is Tshs.40/=

QUESTION TWO

a. Solve the following

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i) -3x+ 8  6 ii) - 2 ≤ 3t-8 ≤ 10 iii) 2x+ 3 < 5 or 4x-7 > 9

b. A company manufactures two products: P and Q. Each product P requires 2 hours of


machine time and 3 hours of labor. Each product Q requires 4 hours of machine time and 2
hours of labor. The company has 100 hours of machine time and 120 hours of labor
available. The profit from selling each product P is $50, and the profit from selling each
product Q is $40.

Formulate a linear programming problem to maximize profit and determine how many units
of each product should be produced.

c. A nutritionist is preparing a diet plan using two foods, A and B. The nutritional content of
each food is as follows:

Food A: 2 grams of protein, 1 gram of fat, 3 grams of carbohydrates, costs $1 per unit.
Food B: 3 grams of protein, 2 grams of fat, 2 grams of carbohydrates, costs $2 per unit.
The daily requirements for a person are at least: 15 grams of protein, 8 grams of fat, 10
grams of carbohydrates. Formulate a linear programming model to minimize the cost
while meeting the nutritional requirements.

QUESTION THREE
a) Determine which of the following equations define functions with independent variable
and domain all real numbers
i). f(x)  2 x 2  x1 ii) y3  x  1 iii) y 2  x2  9

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b) Refer the cost the functions f(x)  x 3 , g(t)  1  2 t 2 t 2 and h(z)  z3  2 x 1
2

i) evaluate
g(1)
a) g (1) b). f(4)
h(2)
ii) State the domain and range of f(x), g(t) and h(z)

c) Sketch the graph of the following revenue functions, and state their domain and range

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i) f(x)  2 x 1
ii) f(x)  3 x 2  6 x 3
iii) f(x)  x3  6x 2  11x  6
d) Given f(x)  x 2  4 x 3
a) Is it one to one function?
b) Give the domain which will make f one to one
c) Find the vertex of the parabola

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