[This question paper contains 10 printed pages.] Sr.No. of Question Paper : 6003 G Unique Paper Code + 227103 Name of the Paper : Mathematical Methods for Economics — | Name of the Course _: B.A. (Hons.) Economics Semester ca Duration : 3 Hours Maximum Marks : 75 Instructions for Candidates 1. Write your Roll No. on the top immediately on receipt of this question paper. 2. There are six questions in all. 3. All questions are compulsory. 4. Use of simple calculator is allowed. 5. All parts of a question should be answered together. 6. Answers may be written either in English or in Hindi; but the same medium should be used throughout the paper. pri & fey fea Lo Re wea Ff sree fee amy elite eat ee oar or FRE 2 Gao: ws 3. ait wer atari @1 4, wen Seater a Soar feat a awa B1 5 veer wee wt ani al ee ee ea aE 6 FORT aa a Te Stat oT ES Pt Ge eT A Aire, ar wh Tae ar ana vs & er ay PIO.6003 2 1. Answer any two of the following : (2*4=8) (@) (i) Solve for x when: 3x+2 x-1 >2-x Gi) Given sets A, B, C, prove or disprove : (A\BNC) » (A\B) U (AIC) (&) @ Find the domain of the function : mde) (i) Is x 2-3 a necessary condition for 2x +6>4? © @ Draw the graph of y = ~(x~ 1)" using the graph of y =x", Gi) If £(x) and g(x =e. is f(x) = g(x)? Why or why not? Presfafers 8 edt ate sae Bie: (@®) @x@ fe va Aire: one aeee x-1 GO Re we ar epee A, B,C, dy Rest a fee wife at ome fre aif: (A\B 9 C) = (A\B) U (A\C)6003 3 (@) « @ feafafea weet a aaa (domain) we aifre rnfo() Gi) FH 2x+624 8 wa BS fae x2-3 vH sa wi 2? @) @y =x? @ sa A at ay = -(x-1)9 w aka ART @) A F(x) x oF e(s) = Ewe) = ala)? wa? 2. Answer any four of the following : (4*4=16) (a) @ Letn be a positive integer. Show that there is a number c between 0 and x such that (et gg (i) Use part (i) to evaluate lim (xy =o () Find the quadratic approximation of f(x) = In(1 + x) around x = 0 and find the Lagrange bound on absolute error when |x| < 0.1. (©) Perform test for convergence for the following : he 2n? n+l 0 {or = get @ Le PIO.6003 4 (@)— @ Given f(x) = Injg(x), find f in terms of g' neal Gi) Find in: - } (x-1 Inx (©) Suppose f and g are differentiable functions of x. Express El,(f+ g) in terms of EI,(f) and El,(g) where El denotes elasticity. Prafaftad ¥ 2 fest ae S sex Sify: (@) @ wr ae new eT 8 cafey HO ate xB maT UH UF eT ¢ Rear Bat 8 (tex) 1 a(+cy" @ wT (i) A wea 3 Refeiea a a aa aif: i (l+x)*-1 x (@) x= 0 Wa f(x) = In(1 + x) aT @fdara UrHeT (quadratic approximation) cara afere TAA |x| < 0.1 Bt at arms fact gfe st dala (Lagrange) Gar A aa aif (a) Peatattrt an after tq ate A: ofr t =, get @O Lye6003 5 (@)) @ eS wa HP a we Sere, a f(x) = Infg(x)). 1 Gi) tim i ) 0 ee (S) ar vite fa g, xB meena wet FI EL (f+ g) Ft EL (f) 7 El,(g) 8 Va % aaa difee wet El de st fefta eat 21 3. Answer any three of the following : (3x5=15) (a) For each of the following functions prove that the inverse exists : @ f(x) =3 +x Gi) gx) = In + 3) Find (fy at 4 and (gy at 0. (b) Find on the part of the rectangular hyperbola xy = 4 in positive quadrant the point which is nearest to the origin 0 and show that the shortest distance is perpendicular to the tangent at this point. What is the shortest distance? (©) @ Find vertical and horizontal asymptote, if any, of the function £(x Sh=oune x41) (x-2)" i) Find ‘a’ and ‘b’ that will guarantee that the graph of f(x will have a vertical asymptote at x = 5 and horizontal asymptote at y=-3. PTO.6003 6 2x ifx<1 es tof ifx21 Sketch the graph of f. Also, comment on the continuity and differentiability of the function f(x) at x = 1. Prats # & fart dit F sax Ate: (=) Peafaterr 3 wae wot tq fla site fe war wer fae 2: @ f%) =34+x4+e Gi) g(x) = In(x + 3) 4 (FY Fa 0% (g4)! are Ae (@) career afar xy = 43 user again % fear mT ae fey aT fay ot Re ye fez oF ecan 8 aan cafe Pe as TET at ae fey 1% eniter B waa 31 ape Wa eT 3? 3x-2 (x+1) (x-2) and horizontal asymptote) 1a @ifsrg, aff arg ef 1 (@) @ we f(x) = @ fare sealer o Attar seTesffelt (vertical Ci) as Ae a! He ty BA Rea see f(x) = SAS @ ate wx = 5% ww sake aacenif dq y=-3 aa sent a1 x ifx 0. (d) Find the intervals where the function f(x) = we* is increasing and decreasing. Poafaters 4 & fret dtr F sex Share (a) ot Bt af M, BY gar BF rae wea ate aS wa a aH cafes = 100% cae Prafire fara ane wa wa aEgAS: ea Pega fa (i) Aer (ii) aet wa (qe) er Sie PF sa eR ees ita en aps Aare F fer @, Frere arenferer ara APT aT tHE aE v(t) = 50,000e" B 1 ate waft eat = 10% (aia aprafar B ara) wc Rae ee 8, ah Te fore a HERTS I Ha eT Tete TTT arm? (a) war y = xte¥eo bg y Bh x Bata aha aia aAfhe | eafee fH a b> Oa ap ata x Ff Sa or AH ET (a) & aaa are SAE WEE WaT f(x) = xe* FSM (increasing) 1 EAT (decreasing) ® 1 PTO.6003 8 5. Answer any three of the following (3x5=15) (a) Find the absolute maximum and minimum values of f(x) = 2x ~ 15x? + 36 on the interval [1, 5] and determine where these values occur. (b) Let f be defined for all x by f(x) = ys () Compute f(x) and £"(x). (i) Find the local extreme points, points of inflection and cusp of f. (c) A quadratic profit function n(x) = ax? + bx +c, where x is output, is used to reflect the following assumptions : () When x = 0, profits are negative. Gi) The profit function is strictly concave. Gi) The maximum profits occur at output level x* > 0. What restrictions need to be placed on values of the constants a, b and c in order to fulfil the above mentioned assumptions. (4) Draw the graph and investigate the following functions for local extreme points, “x; x<0 £(x)=." © F@) { x20 x43, x40 4 x=0 G f(x) -{ Prafates 4 2 fad dia S ger aire: (%) sera [1,5] ¥ f(x) = 2x - 152 + 36 Rea: Tear a PT AT HTT wife, war nt afae HA wT wel wet Ha FI6003 9 (a) arr aifire fe Pee x 8g fy) = (Ds arr afar 21 @ f(x) f(x) wea AR (i) 1% wari wer fey, We-FZ (points of inflection) & ea-fry (cusp) a0 aifarg () em aftarcta amt wat n(x) = ax + bx +c, wet x gue 8 wt Rae seas Gh vole at ty out fer oe ?: @ Wx = 08 am vee fomayy Gi) Wt Wert wera: saat 21 Gi) 7H aT sere ER BoM BER x* > OW WE Bet at sete arama a aye eet dy feed a, b and cS wey we war WR mame art ay ? (=) Restate weet teafer eee a er wae aA ete wor Regal 3g ate afar =x; x<0 x+5; x20 @ ef 7 @ fC 6. Answer alll the questions : (2«3=6) (a) Find the consumption function C(Y) when the marginal propensity to consume (MPC) function is given by : ac O1 MPC = Gy = 0.4 + f= and C(Y = 100) = 50, OR PTO.6003 10 Evaluate the following : o tj dt vx +1 bi) d 2 Gs J (+9) (b) Solve the difference equation x, =—3x,, + 4 and determine if the solution path is convergent or not. Refafea ¥ a ast ger aie: (&) a svi at dra sede (MPC) wat wat C(Y = 100) = 50 @ a omit wer C(y) ae aie) or Beiter a yer afi: dpi ) ~ f[——« Oa Lai 4) @ 2 J (ve +9)a 2 (1) sie were x, = 3x, + 4 a a mre wife We Arf wife Ar eA wa sftnt (convergent) sat =e 1 (300)