MATHS 102/Mod1/Lect2

Department of Mathematics

X Marks the Spot

Q1: Prescott Ltd manufactures its products at a cost of $4 per unit and sells them at $10 per unit. If the companys fixed costs are $12000 per month, discuss methods of determining the companys break-even point per month, and find this point. (The level of production at which a company neither makes a profit nor sustains a loss is called "the break-even level of operation").

30000

25000

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15000

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4500

Q2. Ana has a choice of making a Direct Dial phone call to Australia at the normal daytime rate of $1.05 per minute or of making a call late at night on Economy rates of $0.65 per minute. However, for the night call she has to use the Person to Person option which charges $5 for the service. What would you advise her to do if she wants to get value for money? [Note: The above rates are subject to regular change due to market competition]

Q3. (i)

Let f(x) = -2x + 7 and g(x) = 4x 3. Find the value of x such that f(x) = g(x)

MATHS 102/Mod1/Lect2

Department of Mathematics

(ii)

Solve

simultaneously

the

equations:

MATHS 102/Mod1/Lect2

Department of Mathematics

3x

MATHS 102/Mod1/Lect2

Department of Mathematics

(iii)

Solve simultaneously the equations: y = 5x 6 and 3x + 2y = 5