LBYECO1

Problem Set #1
Term 3, 2010-2011
07 February 2011
(Reminder: Deadline is on 14 February 2011 during class time. Print your answers on a scratch
paper.)
I. Simplify the following:
a) x4.x5
b) x7.x-3
c) x-2.x-4
d)
e) (x2)5
II. Perform the indicated operations:
a) (2x+9)(3x-8)
b) (6x-4y)(3x-5y)
c) (3x-7)2
d) (x+y)(x-y)
e) Find the factors of the following
(1) 20x3-45x
(2) x2-25
(3) 12xy+25-4x2-9y2
(4) x2y2-a2b2
(5) 12x3-27xy2
(6) 81-(2k+z)2
III. Find the limit of the following:
a)
b)
c)
IV. Problem Solving
a) Find the equilibrium price and quantity for the following markets:
(1) Qs=-20+3P
(3) Qs+32-7P=0
Qd=220-2P
Qd-128+9P=0
(2) Qs=-45+8P
(4) 13P-Qs=27
Qd=125-2P
Qd+4P-24=0
b)

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