mathematical methods for economics
sem 2 mock paper

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mathematical methods for economics
sem 2 mock paper

Attribution Non-Commercial (BY-NC)

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Maximum Marks : 75 Instruction : All Questions are compulsory. 1. Answer any three of the following : (a)

3

Time : 3 Hours

3 x 6 = 18

Find the equation of the line in R passing through the points ( ! "! #1) and ($! %! &). 'here does the line interse(t the xy)plane* +sing this equation to exa(tly des(ri,e the line seg-ent .oining the two gi/en points. (i)

3 0et a! ,! ( ,e 3 linearly independent /e(tors in R and let:

(,)

= a - 2b = a+b+c = b-c

Are ! ! also linearly independent /e(tors* (ii) 1onsider the /e(tors u = (1! ! 3) and / = ( ! 3! 1). (a) (,) Find 2 so that w = (1! 2! ") is a linear (o-,ination of u and /. Find (onditions on a! ,! ( so that w = (a! ,! () is a linear (o-,ination of u and /.

(()

(i)

A -atrix 3 is orthogonal if PP = 1 . 3ro/e that if 3 is an n x n -atrix whose (olu-ns are all of length 1 and -utually orthogonal then 3 is orthogonal. Find out if A is an orthogonal -atrix :

(ii)

1 1 1 A = 1 3 4 7 5 2

(d) A is a square -atrix of order n with all ele-ents equal to unity and 4 is a square -atrix of order n with diagonal ele-ents equal to n

2 and other ele-ents equal to n # r. 5how that A = nA . Also dedu(e that:

( B rI ) [ B ( n 2 nr + r ) I] = 0.

(a) equation

1 2 3 'hat (ondition -ust satisfy for the following syste- to ha/e a solution*

b ,b ,b

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"mit #$#!55557$

x + 3y + 4z = b1 2x + 2y + z = b 2

3x 3y 9z = b 3

(,) (i) (ii)

x 5how that f ( x ) = e is quasi (on(a/e on 6.

2

($) ( )

7raw phase diagra-s for any two of the differential equations ,elow and deter-ine the nature of the possi,le equili,riustates: (a) (,) (()

= xe x x

= x( 2 x ) x = ( x 2) ( x + 2) x

(6) 3x"=1

3.

52et(h the graph of the following fun(tion in three di-ensional spa(e and draw a set of le/el (ur/es of height ( = %! :

f ( x, y ) = 2 x y

For x 0, y 0, f ( x, y ) 0 (,) 8he goods 9 and : are produ(ed .ointly with the aid of and 0. 8e(hni(al (onditions gi/e two produ(tion fun(tions fa(tors ;

= f ( K, L )

(() 5uppose that w = f(x! y! <) : (i) (ii) (d)

&L &"

c#n$%an%

=f x! y and < are fun(tions of u and y find the partial deri/ati/es of w with respe(t to u and /. =f x and y are fun(tions of u and / and if <! u and / are fun(tions of t! find the deri/ati/e of w with respe(t to t.

For the fun(tions ,elow! find a unit /e(tor in the dire(tion in whi(h f(x! y) in(rease -ost rapidly at 3 : (i) (ii)

f ( x, y ) = 4x 2 y

>

3 = (1! 1)

f ( x, y ) = (n x 2 + y 2

1'2

".

Answer any two of the following : (a) Assu-ing all ne(essary differentia,ility! ho-ogeneous of degree 2! then pro/e that :

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&

"mit #$#!55557$

x2

2 2) 2) 2 ) + 2xy + y = * ( * 1) ) ( x, y ) x 2 yx y 2

2) 2) 2) =0 x 2 y 2 yx

(,) @xpress the quadrati( for-s ,elow as a -atrix produ(t in/ol/ing a sy--etri( (oeffi(ient -atrix. Aow is this -atrix related to the Aessian of the quadrati( for-* +se the (oeffi(ient -atrix to deter-ine the definiteness of the quadrati( for-s : (i) (ii) (()

2 f ( x 1 , x 2 ) = x1 +x1x 2 + 9x 2 2 2 ! ( x1 , x 2 ) = 3x1 4x1x 2 + 7x 2 2

, 0 y. =f z ! then find:

z z x and y .

x 2 + 2xyz + y 3 + e z = 4

Find :

z z x and y .

$. Answer any two of the following : (a) x $ = 1%

A -onopolist fir- (an produ(e its output in one of two different plants. 8he (ost of produ(tion in the two plants are gi/en respe(ti/ely ,y

2 -.( x 1 ) = 2x 1

'here x / is the output in plant i. 8he de-and fun(tion is 0 = 200 2x ! where x is the total output. Aow -u(h output should the profit -axi-i<ing -onopolist produ(e in the ea(h plant* (,) @xa-ine the (on(a/ityB(on/exity of the following fun(tions:

#$!!3%3%!!

"mit #$#!55557$

f ( x, y ) = x + y 1

!( x, y ) = ( x + y ) 1

1'2

f ( x, y ) = 2xy

1 ( x + y) 4 4

6.

Answer any two of the following : (a) A (onsu-erCs utility fun(tion for two goods is :

x6=1

3( x, y ) = x1'2 y1'2

'rite down the ne(essary (onditions for the solution of the (onstrained opti-i<ation pro,le- for general /alues of x y and D. Find the opti-al /alues of x and y and the (orresponding /alue of 4 . 1he(2 the se(ond order (onditions. 'hat are the (onsu-erCs de-and fun(tions for x and y* Find the indire(t utility fun(tion

0 ,0

3 6 (0x , 0y , 5)

(,)

4=

3 6 5 .

3( x1 , x 2 ) = x1 x 2 an& 7( x1 , x 2 ) = x1 x 2

1'2 1'2 2

respe(ti/ely

ha/e

sa-e

f ( x, y ) = x 2 y 2

on the gi/en set 5 whi(h is the square region ,ounded ,y :

1 x 1, 1 y 1

'''''

#$!!3%3%!!

"mit #$#!55557$

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