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  • Quan111 2016 Tut5

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    This tutorial covers limits and differentiation, the topics covered in the previous week's lecture. Students are asked to work on 3 practice problems before the tutorial using their textbook and lecture notes. The tutorial questions will not be posted online, so attending the tutorial is strongly recommended to get solutions. The practice problems include: 1) finding limits of functions as x approaches values, 2) taking derivatives of various functions with respect to x, and 3) computing marginal cost and output level that equalizes marginal cost and price for a total cost function.

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    This tutorial covers limits and differentiation, the topics covered in the previous week's lecture. Students are asked to work on 3 practice problems before the tutorial using their textbook and lecture notes. The tutorial questions will not be posted online, so attending the tutorial is strongly recommended to get solutions. The practice problems include: 1) finding limits of functions as x approaches values, 2) taking derivatives of various functions with respect to x, and 3) computing marginal cost and output level that equalizes marginal cost and price for a total cost function.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    10 views1 page

    Quan111 2016 Tut5

    Uploaded by

    bob
    This tutorial covers limits and differentiation, the topics covered in the previous week's lecture. Students are asked to work on 3 practice problems before the tutorial using their textbook and lecture notes. The tutorial questions will not be posted online, so attending the tutorial is strongly recommended to get solutions. The practice problems include: 1) finding limits of functions as x approaches values, 2) taking derivatives of various functions with respect to x, and 3) computing marginal cost and output level that equalizes marginal cost and price for a total cost function.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    QUAN111 Mathematics for Economics and Finance - Tutorial 5 D r M K h a l e d

    Tutorial 5 (Week 8 )
    Tutorial 5 is about limits and differentiation, which are covered i n week 7. Please work on
    the following problems before your tutorial, using the textbook and lecture notes. If you
    need to view some examples, please refer to the textbook as the solutions to all the
    questions are provided at the end of the book.
    Please keep in mind that the solutions to the tutorial questions will not be posted on
    Blackboard. Therefore, attendance in tutorials is strongly recommended.
    Questions
    1. Find the limits, if these exist:
    (a)

    x 1
    lim 2
    x 1 x 1

    3x 2 3x 18

    lim
    x2
    x

    (b)

    x:

    2. Differentiate these functions with respect to

    2x 5
    3x 2

    (a)

    y (2 x 5)(3x 2)

    (b)

    (c)

    y (3x 1)5

    (d)

    y 1 / 1 5x 2

    (e)

    yx e

    (f)

    1 x 2
    y x
    e

    5 x

    3. The total cost of producing

    units of a commodity is

    TC ( x) x 3 9 x 2 75x 100,

    x 0.

    (a)

    Compute the marginal cost ( MC TC ) function and its first derivative ( MC ).

    (b)

    If the commodity is sold at the fixed per unit price of $50, what should the output
    (rounded to 1 decimal place) be to make MC equal price where MC is positive?

    ***

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