Professional Documents
Culture Documents
MATH015 Autumn2015 Tutorials Ex 2.3 Questions PDF
MATH015 Autumn2015 Tutorials Ex 2.3 Questions PDF
4. Solve 2
151
1 2
1
q 1 1000 5
q 1 10:
10
10
2q2 1 10,000 5 q 1 100
0 5 q2 1 q 2 9900
0 5 1 q 1 100 2 1 q 2 99 2
q 5 2100 or q 5 99
| EXERCISES | 2.3
BREAK-EVEN POINTS AND MAXIMIZATION
1. The total costs for a company are given by
C 1 x 2 5 2000 1 40x 1 x2
Copyright 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s).
Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.
152
CHAPTER 2
2005
2006
2007
2008
2009
2010
2011
2012
2013
$63.13
62.91
60.53
60.27
61.10
62.19
63.09
64.90
67.16
Year
Sales Revenue
(millions)
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
$2.6155
2.7474
2.934
3.3131
3.9769
4.5494
4.8949
5.1686
4.9593
5.0913
4.7489
$2.4105
2.4412
2.6378
2.9447
3.5344
3.8171
4.2587
4.8769
4.9088
4.6771
4.9025
Copyright 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s).
Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.
SECTION 2.4
24. Supply: p 5 q2 1 8q 1 22
1 2
4q
Demand: p 5 198 2 4q 2
25. If the supply function for a commodity is
p 5 q2 1 8q 1 16 and the demand function is
p 5 23q2 1 6q 1 436, find the equilibrium quantity
and equilibrium price.
26. If the supply function for a commodity is
p 5 q2 1 8q 1 20 and the demand function is
p 5 100 2 4q 2 q2, find the equilibrium quantity and
equilibrium price.
27. If the demand function for a commodity is given by
the equation p2 1 4q 5 1600 and the supply function
is given by the equation 300 2 p2 1 2q 5 0, find the
equilibrium quantity and equilibrium price.
28. If the supply and demand functions for a commodity are given by 4p 2 q 5 42 and 1 p 1 2 2 q 5 2100,
respectively, find the price that will result in market
equilibrium.
29. If the supply and demand functions for a commodity are given by p 2 q 5 10 and q 1 2p 2 10 2 5 2100,
what is the equilibrium price and what is the corresponding number of units supplied and demanded?
OBJECTIVES
153
30. If the supply and demand functions for a certain product are given by the equations 2p 2 q 1 6 5 0 and
1 p 1 q 2 1 q 1 10 2 5 3696, respectively, find the price
and quantity that give market equilibrium.
31. The supply function for a product is 2p 2 q 2 10 5 0,
while the demand function for the same product is
1 p 1 10 2 1 q 1 30 2 5 7200. Find the market equilibrium point.
32. The supply and demand for a product are given by
2p 2 q 5 50 and pq 5 100 1 20q, respectively. Find
the market equilibrium point.
33. For the product in Problem 31, if a $22 tax is placed on
production of the item, then the supplier passes this
tax on by adding $22 to his selling price. Find the new
equilibrium point for this product when the tax is passed
on. (The new supply function is given by p 5 12q 1 27.)
34. For the product in Problem 32, if a $12.50 tax is placed
on production and passed through by the supplier, find
the new equilibrium point.
2.4
C1x2
900 1 3x 1 x2
5
x
x
This average cost function is a special kind of function, called a rational function.
We can use this function to find the minimum average cost. (See Example 4.)
In this section, we discuss polynomial, rational, and other special functions.
Basic Functions
is called the identity function (see Figure 2.17(a) on the next page), and a linear function
defined by
y 5 f 1x2 5 C
C a constant
is called a constant function. Figure 2.17(b) shows the graph of the constant function
y 5 f 1 x 2 5 2. (Note that the slope of the graph of any constant function is 0.)
Copyright 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s).
Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.