UNIVERSITY EXAMINATIONS UNIVERSITEITSEKSAMENS UNISA Tec DSC1520 (496520) May/June 2009 QMG101P (455808) QUANTITATIVE MODELLING | Duraton 2 Hours 100 Marks EXAMINERS FIRST MR ONCUBE MRS Mc STRYDOM ‘SECOND MRS S ROTHMANN Use of a non-programmable pocket calculator 1¢ permissible This examination papet remains the property of the University of South Africa and may not be removed from the examination room, This paper consist» of 20 pages, comprises 25 qmestious and Counts a total of 100 anaths USE OF A SCIENTIFIC CALCULATOR IS PERMITTED The paper 15 divided mto two parts Section A and Section B [URN OVER]2 DSC1520 QMG101P May /Junre 2009 SECTION A Answer ALL the questions in this section on the mark-reading sheet supplied Follow the mstructions for completing the mark-reading shect carefully Also pay attention to the following information Suppose vou axe asked the following question 342% -144-25 a 7 oo. @ 3 a4 (5) None of the abore The correct answer is [3] Ouly one option (mescated as [1] 2) [3] [4] 5]) per question is correct If yor muk more than one option, you will not receive any marks for tle question If yom answet 1s correct. you will receive 3 MARKS Marks WILL NOT be deducted for mcontect answers: Section A consists of 20 questions and counts 60 auarks Hand i the completed mark-seadimg sheot with your answers for Section BDO NOT STAPLE IT! SECTION B ‘This section must be completed im the spaces provided below each question Section B counts 40 marks Remember to mclude your MARK-READING SHEET (TURN OVER]DSc1520 QMGioe 3 May / Sune 2009 Question 1 Find the slope of the hme 0 = 6 +31 ti a tl i {5] None of the above Question 2 ww (2 7) to fom deamal places equals approwunatel, [ty -00795 PB] 0.0795 {3} 20000 (4) 05000 [5] None of the above Question 3 Solye the mequality wb, 20-20 i 2) (3) (4) 6] Question 4 Fuid the equation of the straight hne pasmg thtough the pomts (#2) and (24) il] y=-irse i Ly i3] M44 it] yain42 [5] None of the above (TURN OVER}DSC1520 QmciiP 4 Max /June 2009 Question 5 Find the vaiue of quantity Q for the demand finction P = 60—4Q when the market prices P = 24 os Pp} 9 [3] 10 fa) i) 12 Question 6 Caloulate the cousuiner surplus for the demand function P = 60~4Q when the market priee is P= 16 fi) 242 PR] 484 Bb) 88 fa) 32 Question 7 If the demand function ts P = 90-005Q where P and Q ave the pri ms of P and quantity respectively determine the expression for puce clastuaty of demand in i fy R] 8 pam P1800 wy P= {5] None of the above (TURN OVER]DSC1520 QMGLOIP May Time 2000 Question 8 ‘The supply and demand faneuons are given. by 50-3Q (suppl fimcson) 14+15Q (demand fiction) where P and Q are the price and quantity respectively Caluulate the level of excess supph af price P=2 fj) 10 plo 4 B) a 6 {5] None of the above Question 9 What 1s the value of maximum revente if total revoune 1s given by RO) = 2124 300481 where 115 the quantity? fy 7% } 1206 fb] 15265 fj 8 {5] None of the above Question 10 Solve the following svstem of hmeat equations rey $25 8 1-3y 5y — a] 22] B) fH] s=-6 y=22=6 | None of the ahove [LURN OVER]6 Question 11 Determme the roots of 417 + 31 ii} 2) L peel 1) ? L =-pas-1 Wo a=-5 [5] None of the above Question 12 Tey 2°* find nf y = 0,0625 [1] Pl .=3 (lo w=4 Woas5 [5] None of the above Question 13 Evaluate the following definite integral 1 = 3)ah, fy 2 (3) 1 Wy 3 [5] None of the above DSC1520 QMcio1P Mav / Jue 2009 ITURN OVER)DSc1520 QM. 7 May / ine 2009 Question 14 Evaluate [5] None of the above Question 15 Sr phy By te ex a 3 i) Svea [5] None of the above Question 16 ‘The demand function of « firm is Q = 150-057 where P tespoctively At what value of Q 1s mai 1 Q represent the quantaty ancl price al revenne eqital to (1) 150 Boon ous a) [5] None of the above {LURN OVER]DSC1520 QMcioiP 8 May /Tune 2009 Question 17 Given the demand function P = 60-02Q What 1s the ate price elasticity of demand when price decreases fom R50 to RaQ? 1 Wo-3 1 Bt er) 3 [5] None of the above Question 18 Consider the market: defin by the followmig functions demand function P = 60 — 06Q supply finction P= 20 + 02Q where P and Q ate the price and quantity respectively Caluulate the equilibrium price and quantity fl Pj] P=200, 9 = 30 [3] P=20 @=s00 4] P=30 Q=200 (5] None of the above Question 19 What 1s the pomt of mterseerion of the follow mg lines Qty-3=0 Bu 2y-4=0 Bl mss y=1 wal ys2 (} 2-2 y=1 fa] wal y=3 [5] None of the above (TURN OVER]pSc1520 QMGI01P 9 Max /June 2000 Question 20 The graph of y= 3 15 sepresonted by el i [5] None of the above Please turn over for Section B. [CURN OVER]DSC1520 QMGi01P 0 Mas / Tune 2009 Section B Question 21 The monthly demand for a aew hie of computers F months after st has buen mitxoduced in she matket vs given by 7 D(t) = 2000 — 150027" fr 1 > 0 (a) Find demand two years after these compnters were inodiced @) (b) Algebrateally, determine the munber of months afier which demand will be L000 wuts (3) [TURS OVER}DSC1520 QMGi01P n Max / June 2009 Question 22 An electromics company manufactures radios aud iclev sion sets The (ne needed to manufactuae a radio 15 90 tmumiter atid if takes 5 nunntes to test « racho ‘The tune needed to nianufactnare a television set i» 150 immutes and it takes 15 minutes to test a television set It costs R175 to wake a rasho and R850 to make a television set. The company has ab mos! 95 hous of nuanufaetuuing time and at least 9 hours of testing tame available. The production cost. umnst not exceed R13 500 Winte down the mequalities that this prodnetion process must satus (10) [TURN OVER]DSC1520 QMGi0iP 2 Mav / Tune 2009 Question 23 ABC mtends manufacturing aud matketmg anew product It has boon deter producing the product: reel that the cost of function of price as given be C(P) = 432000 — 1 800P- and the revenue generated when units are sold at price P rand each a given by R(P) = 6000P — 30P? Plot the income and cost finetions on the same graph using the ged below Indicate Clearly on the graph the break-even point(s) and profit area (9) (TURN OVER]DSci520 giciaip ; Mx / Tone 2009 Question 23 continued [URN OVER]Dsc1520 QMG10iP 4 May / Jame 2009 Question 24 (a) Diaw the nes representing the following consti ants on the guid below @ () 6. + 2 << 810 Q) & ty < 3m Bo. + y < 20 ye 0 (b} Show the feasible region Q) (c) Determme the maximum value of P = 1201 +95y subject to the constraints above ©) [19] [TURN OVER]DSC1520 QMGioiP 5 May /Tine 2000 Question 24 continued [URN OVER]DSc1520 QMGi01P 1b Max / Tune 2009 Question 25 Lot f(.) = 31? —1 Find the equation of the Ine tangent to he graph y= /(2) at = (ol TOTAL 100 © UNISA 2009 (URN OVER]bsC1520 auciuiP May/June 2009 ROUGH WORK [LURN OVER]bsC1520 QMiciaiP 18 Max /sInme 2009 ROUGH WORK [LURN OVER]DSC1520 QMGi01P 19 May /Jimne 2000 ROUGH WORK (PURN OVER}DSC1520 QniGioir » Mas / Fane 2009 ROUGH WORK