Course: Applied Mathematics for Business & Social Science (5405)

Semester: Autumn, 2020

Skilling.pk WhatsApp: 03324646739 Diya.pk

ASSIGNMENT No. 2
Q.1 (a) Global Insurance Company has four salespeople working in Hill Town. The
number of policies sold during the last month is given in matrix A, as

i) Let S= [1 1 1 1]. Find SA and interpret its elements.

ii) Find ASt and interpret its elements.

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 Course: Applied Mathematics for Business & Social Science (5405)
Semester: Autumn, 2020
Skilling.pk WhatsApp: 03324646739 Diya.pk

Skilling.pk WhatsApp: 03324646739 Diya.pk

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 Course: Applied Mathematics for Business & Social Science (5405)
Semester: Autumn, 2020
Skilling.pk WhatsApp: 03324646739 Diya.pk

b) Let and . Find a matrix X satisfying the given equation.

i)
X = A + 3B/2

X = A/3 – B

Skilling.pk WhatsApp: 03324646739 Diya.pk

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 Course: Applied Mathematics for Business & Social Science (5405)
Semester: Autumn, 2020
Skilling.pk WhatsApp: 03324646739 Diya.pk

Q.2 (a) and . then show that:

i) AB
AB =

(AB)^-1

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 Course: Applied Mathematics for Business & Social Science (5405)
Semester: Autumn, 2020
Skilling.pk WhatsApp: 03324646739 Diya.pk

B^-1

A^-1

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 Course: Applied Mathematics for Business & Social Science (5405)
Semester: Autumn, 2020
Skilling.pk WhatsApp: 03324646739 Diya.pk

(B^-1)(A^-1)

Hence AB
ii
A^-1

Skilling.pk WhatsApp: 03324646739 Diya.pk

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 Course: Applied Mathematics for Business & Social Science (5405)
Semester: Autumn, 2020
Skilling.pk WhatsApp: 03324646739 Diya.pk

(A^-1)^-1

Hence
(b) Determine the solution the system of equation.

Skilling.pk WhatsApp: 03324646739 Diya.pk

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 Course: Applied Mathematics for Business & Social Science (5405)
Semester: Autumn, 2020
Skilling.pk WhatsApp: 03324646739 Diya.pk

Q.3 (a) Use a table of x and values to fund the indicated limit for the given
function.

x -1 0 1 2
f(x) 2 0 4 5

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 Course: Applied Mathematics for Business & Social Science (5405)
Semester: Autumn, 2020
Skilling.pk WhatsApp: 03324646739 Diya.pk

Lim x(x+3) / x
Lim (x+3)
Apply Limit x->0
f(x) = 3
Demand for a product is modeled by the

Where p is price per unit, in dollars, and is the number of units sold. Given that:
Revenue Number of units sold).(Price per unit)
Determine the marginal revenue function.
Marginal Revenue function = dR / dx
R x).6(-e^(Cx))
Marginal Revenue function = dR / dx

Q.4 (a) For a given function find i) those open intervals over which the function is
concave up, concave down ii) a1I points of inflection.

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 Course: Applied Mathematics for Business & Social Science (5405)
Semester: Autumn, 2020
Skilling.pk WhatsApp: 03324646739 Diya.pk

f’(x) = 4x^3 + 2x
f”(x) = 12x^2 +2
12x^2 +2 = 0
x^2 = -1/6
x = sqrt (-1/6)
This is concave down because f”(x) < 0.
(b) Find all relative extrema, using First Derivative Test. Sketch a graph of the
function.

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 Course: Applied Mathematics for Business & Social Science (5405)
Semester: Autumn, 2020
Skilling.pk WhatsApp: 03324646739 Diya.pk

Q.5 (a) Find , and for the given function. If,

= 9x^2 y^2 – 2xy^3 +4

= 31
= 6x^3(y)-3y^2 x^2
=0
A firm estimates that it can sell units of its product with an advertising
expenditure of thousand dollars where;

i) Over what level of advertising expenditure is the number of units of product sold
increasing?

Q’ = -2x + 600
-2x + 600 = 0
X = 300
So decrease at Q’ = 300
ii) Over what level of advertising expenditure is the number of units of product sold
decreasing?

Q’ = -2x + 600
Q” = -2
So decrease at Q” = -2

Skilling.pk WhatsApp: 03324646739 Diya.pk

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 Course: Applied Mathematics for Business & Social Science (5405)
Semester: Autumn, 2020
Skilling.pk WhatsApp: 03324646739 Diya.pk

Skilling.pk WhatsApp: 03324646739 Diya.pk

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