Assignment 1 Memo
Assignment 1 Memo
Answer all questions and show all required details in your answers.
Do not write on the left side of the margin line.
Use only blue and black ink for writing answers.
Answers written in pencil shall not be marked.
Question 1 / Vraag 1
1) You are the manager of a small business that produces handmade crafts. The fixed weekly
costs (rent, utilities, etc.) are R10 000, and the cost to produce each item is R200. You sell
each item for R500. [4]
(i) Write a cost function C(x) to represent the total weekly cost if x items are produced,
(ii) Write a revenue function R(x) to represent the total weekly revenue if x items are sold,
(iii) Write a profit function P (x) to represent the weekly profit,
(iv) If you sell 100 items in a week, what will be your profit?
1. Cost Function:
C(x) = Fixed Costs + (Variable Cost per Unit × x) = 10, 000 + 200x✓
2. Revenue Function:
3. Profit Function:
P (x) = R(x) − C(x) = 500x − (10, 000 + 200x) = 300x − 10, 000✓
4. P(100):
P (100) = 300(100) − 10, 000 = 30, 000 − 10, 000 = R20, 000✓
Question 2 / Vraag 2
2) You are the production manager at a factory that produces two models of electronic devices:
Model X and Model Y. Model X requires 3 units of material A and 2 units of material B, while
Model Y requires 1 unit of material A and 4 units of material B. The factory receives 60 units
of material A and 80 units of material B daily. [4]
(i) Write a system of equations to represent the daily production of Model X and Model Y,
(ii) Solve the system using Gaussian elimination.
3 1 | 60
" #
2 4 | 80
1 R2 = R2 − 32 R1 :
3 1 | 60
" #
✓
0 10
3
| 40
(i) Solve for: y:
10
y = 40 =⇒ y = 12✓
3
(ii) Solve for: x:
3x + 12 = 60 =⇒ x = 16
x = 16, y = 12.✓
Question 3 / Vraag 3
3) You are working with a data analyst who provides you with the following matrices: [7]
2 3 1 0 5
" # " # " #
h i
A= , B= , C= , D= 3 4
4 1 2 4 6
(i) Dimensions:
– A: 2 × 2✓(halfmark for each correct dimension)
– B: 2 × 2✓
– C: 2 × 1✓
– D: 1 × 2✓
(ii) A + B:
2+1 3+0 3 3
" # " #
A+B = =
4+2 1+4 6 5
This represents the element-wise sum of matrices A and B.✓
(iii) AB:
2(1) + 3(2) 2(0) + 3(4) 8 12
" # " #
AB = =
4(1) + 1(2) 4(0) + 1(4) 6 4
This represents the product of matrices A and B.✓
Question 4 / Vraag 4
A company operates two factories to produce laptops: [6]
• 1500 Model A,
• 1200 Model B,
• 800 Model C.
• Operating costs are R20, 000/day for Factory 1 and R15, 000/day for Factory 2.
Intersection of A and B: (30x + 50y = 1500) ∩ (20x + 30y = 1200) ⇒ (x, y) = (20, 20)
Intersection of A and C: (30x + 50y = 1500) ∩ (40x + 10y = 800) ⇒ (x, y) = (40, 0) ✓
Intersection of B and C: (20x + 30y = 1200) ∩ (40x + 10y = 800) ⇒ (x, y) = (0, 40)
C = 20,000x + 15,000y✓
Question 5 / Vraag 5
A company has: [5]
(R ◦ q)(m) = R(q(m))
= 50(40m − m2 )
= 2000m − 50m2 ✓
b
m=−
2a
2000
=−
2(−50)
= 20 workers ✓
A company manufactures Smartphones (x) and Tablets (y) with the following constraints: [3]
• Cost:
1000 + 20x + 30y if x + y ≤ 50
C(x, y) =
1000 + 15x + 25y if x + y > 50
0 if P ≤ 10,000
T (P ) = 0.15(P − 10,000) if 10,000 < P ≤ 50,000
0.25(P − 50,000) + 6,000 if P > 50,000
(i) Formulate the profit function P (x, y) and compute P (30, 25).
P (x, y) = (50x + 70y − 0.1x2 − 0.2y 2 ) − (1000 + 15x + 25y) = −0.1x2 − 0.2y 2 + 35x + 45y − 1000
At (30, 25):
A government imposes a specific tax of R3 per unit on producers of solar panels. The original
market conditions are: [6]
• Supply function: Qs = 4P − 24
120 − 8P = 4P − 24
144 = 12P
P0 = R12
Q0 = 120 − 8(12) = 24 units ✓
Qnew
s = 4(P − 3) − 24
= 4P − 36 ✓
120 − 8P = 4P − 36
156 = 12P
P1 = R13 (Consumer price)✓
Pproducer = 13 − 3 = R10
Q1 = 120 − 8(13) = 16 units ✓
Consumer burden = 13 − 12 = R1
Producer burden = 12 − 10 = R2✓
Total tax = R3
% borne by consumers = 33.3%
% borne by producers = 66.6% ✓
TOTAL / TOTAAL: 35
MTHS 112: Paper No. 1/Vraestel Nr. 1 | Project 1 | Full-time/Voltyds 6/6