MIDTERM EXAMINATION

I. Problem Solving: Solve the following. Show complete solutions.

1. Write the general form of the line with the slope of m = 2 and y-intercept of 5.
y=mx+b
y=2 x +5

2. Find the equation of the line with a slope of m = 3 and point (4,7).
y− y1 =m ( x−x 1 )
y−7=3 ( x−4 )
y−7=3 x−1212
3x-5

3. Write the general equation of a line, whose slope is 2/5, and which passes through point (1, --4)
y− y1 =m ( x−x 1 )
2
y−(−4)= ( x−1 )
5
2 2
y + 4= x −
5 5
2 22
y= x −
5 5

4. Given two points (2,4) and (3,7), determine the equation of the line.
y 2− y 1
a . m=
x 2−x 1
7−4 3
m= = m=7-4/3-2=3/1
3−2 1
3
m=
1
m=3

b . m=3 , usining point ( 2 , 4 )usining point 2, 4

y−4=3 ( x−2 )y-4=3x-2
y−4=3 x−6
y=3 x−2 y=3

5. The variable cost of processing one kilo of longganisa is P40.00 and the fixed cost per day is P400.00.
Determine the cost equation and find the cost of processing 40 kilos of longganisa per day.
a. Determine the cost equation
Given:
Variable cost/kilo = P 40.00
Fixed cost/day = P 400.00
Solution:
 C ( x )=mx+b
C ( x )=40 x+ 400 ,the total cost function

b. Find the cost processing 40 kilos of longganisa per day.

C ( x )=40 x+ 400
C ( x )=40 ( 40 ) + 400
C ( x )=1,600+ 400
C ( x )=P 2,000.00 , the cost of processing40 kilos of longganisa per day .

6. A salesman can sell 30 towels per day at P40.00 each, but he can sell 50 pieces if the price is P30.00
per piece.
Given:
x 30 50 P1 (30 ,40 ) x 1=30 y 1=40
y P 40 P 30 P2 (50 ,30 ) x 2=50 y 2=30

a. Determine the demand equation, assuming it is linear.

y− y 1 y 2− y 1
=
x−x 1 x 2−x1
y−40 30−40
=
x −30 50−30
y−40 −10
=
x −30 20
y−40 −1
=
x −30 2
2 ( y−40 )=−( x−30 )
2 y−80=−x +30-80=-x+30
0=0
x +2 y −110=0 , demand equation

b. What is the highest price to be paid for this product?

x +2 y −110=0 ; x=0
2 y−110=0
y=P 55 , the highest price ¿ be paid for thetowels .ighest price to be paid for the towels.

c. product were free?

x +2 y −110=0 ; y=0
x +2 ( 0 )−110=0
x−110=0
x=110 units ,the quantity ¿ be demanded if the towels were free =110

d. How many towels will be bought if the unit price is P60.00?

¿ P 55.00.

e. will be paid for each towel if 47 pieces are sold?

x +2 y −110=0
47 +2 y−110=0
2 y−63=0
y=P 31.5 , unit price when demand is 47 units ..5
7. At a price of P 4,500 per speaker, a speaker company will supply 1500 units per month, at price P5,500
per unit the company will supply 2000 units per month.
P1 (1,500 ,4,500 ) x 1=1,500 y 1=4,500
P2 (2,000,5,500 ) x 2=2,000 y 2=5,500

a. Determine the supply equation, assuming it to be linear.

y− y 1 y 2− y 1
=
x−x 1 x 2−x1
y−4500 5500−4500
=
x −1500 2000−1500
y−4500 1000
=
x −1500 500
y−4500
=2
x −1500
y−4500=2 ( x−1500 )
y−4500=2 x−3000 4500=2x-3000
-4500+3000=0
(−2 x+ y−1500=0 )−1
2 x− y +1500=0 ,the supply equation

b. How many speakers would be supplied if the unit price is P6000.00?

2 x− y +1500=0
2 x−6000+1500=0
2 x−4500=0
2 x 4500
=
2 2
x=2,250 units , quantity supplied when theunit priceis P 6,000.ts, quantity supplied when the unit
price is P 6,000.

c. supplied?
2 x− y +1500=0
2(0)− y+1500=0
−1(− y =−1500))
=P 1,500, the lowest price at which the product would be supplied.

8. The consumption function is given by the equation C = 80 + 2x, where C is the consumption and x is
the national income both measured in billion.
a. How much is the consumption when income is P350 billion?
C=80+2 x
C=80+2 ( P 350 billion )
C=P 780 billionbillion

b. the saving function in terms of income.

S= X−C
S= x−( 80+2 x )
S= x−80−2 x
S= (−x−80 )−1
S= x+80

c. How much is amount saved when income is P350 billion?

S= x+8 0
S=350+80
 S=P 430 billion

d. What should be the national income in order to save P350 billion?

S= x+8 0
350=x+80
x=350−80
x=P 270 billionion
national income should be P270 billion to save P350 billion.