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MME Set2

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15 views4 pages

MME Set2

Uploaded by

ayuhurja
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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CHRIST (Deemed to be University), DELHI NCR- 201003

Department of Economics
MID SEMESTER EXAMINATION –March 2024
(UG II SEMESTER)

Programme Name: BSC Economics (HWR)/BSC EDA/BSC EM Max. Marks: 50


Course Name: Mathematics for Economics II Time: 2 Hours
Course Code: ECO205-2N/ECO107-2N
INSTRUCTIONS
● All rough work should be done in the answer script. Do not write or scribble on the
question paper except your register number.
● Verify the Course code / Course title & number of pages of questions in the question
paper.
● Make sure your mobile phone is switched off and placed at the designated place in the
hall
● Malpractices will be viewed very seriously.
● Answers should be written on both sides of the paper in the answer booklet.
● No sheets should be detached from the answer booklet.
● Answers without the question numbers clearly indicated will not be valued.
● No page should be left blank in the middle of the answer booklet.
● Use of Calculators is allowed for calculation in the examination hall.

Course Outcomes
CO 1: The students will be able to apply mathematical techniques and models for the deeper
understanding of economics, especially the branches of microeconomics, macroeconomics and
econometrics.

CO 2: The students will be able to analyse the effect of change and discover techniques to
improve your decision-making process
CO 3: The students will be able to Develop an understanding of Economic dynamics and solve
problems through adjustments with time.

Section – A
Answer ALL the questions 5 marks x 6 = 30
Q Questions Marks Course RBT
No Outcome

1 The equilibrium condition for two


substitute goods is given by
5 CO2 L3
5P1 - 2P2 = 15
-P1 + 8P2 = 16
Find the equilibrium prices using
matrices.

ECO205-2N _Page 1 of 4
2 Find dy/dx
i) Y=U2 +2U+1, and U=X2 +X 1 marks CO2 L4
ii) Y=3U3 – U2 and U=1/X each
iii) Y=U2 +5, U=V2 +2, V=X2 -X
iv) Y=U2 +1 and U=logX
v) Y=U2 +3U-2 and U=2X4
3 Find the rank of the matrix A 5 CO3 L2

4 Use Cramer's rule to solve for the unknowns in


the following system of equations:

5x - 2y + 3z = 16 5 CO2 L5
2x + 3y - 5z = 2
4x - 5y + 6z = 7
5 Find the elasticity of the function
y= a(x-b)0.5
OR
5 CO2 L2
Find the differential for each of the following
i) y=x2 +1
ii) y=3x2 +3x+2
iii) y=logxn
iv) y=(x+1)(x+2)
v) x3 +y3 = 3x2y

6 Solve the following system of


equation by the matrix method

2x-y+z=0
3x+2y-z=0
X+4y+3z=0
OR 5 CO1 L2

Solve the following system of


equation by the matrix method

7x-y+5z=20
2x+5y-7z=8
4x-8y+2z=11

ECO205-2N _Page 2 of 4
Section – B
Answer ALL the questions 10 Marks x 2 = 20
Q. Course RBT
No Questions Outcome

Part A) Find the rank of the matrix


CO2 L4
7 5

Part B) Sove the following system of equations by matrix


method
2x-y+z=0 CO2 L4
5
3x+2y-z=0
X+4y+3z=0

Suppose that the cost function for a manufacturer is given


by 2
C(x) = 10x3 − .003x2 + 5x + 1000 dollars.
2
a) Describe the behavior of the marginal cost.
b) Find Average Cost 2
CO3 L5
c) Find Marginal Cost 3
(c) Sketch the graph of C(x)

OR
8 Part A) Verify whether the commutative law of
multiplication for the given matrices holds or
not?

CO3 L5

Part B) Find dy/dx for each of the following 1


i) x2y3 + 2xy2 +x+y=5 mark
ii) x-0.5 +y-0.5=a0.5 each CO3 L5
iii) 3x3 +2x2y +xy2-y3 =10
iv) 4x3 +2x2y+3xy2 +5y3
v) ax2 +2hxy+by2 =0

ECO205-2N _Page 3 of 4
Revised Bloom’s Taxonomy (RBT) Levels:

L1 – Remembering L2 – Understanding L3 – Applying

L4 – Analyzing L5 – Evaluating L6 - Creating

ECO205-2N _Page 4 of 4

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