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NORTH SOUTH UNIVERSITY

Course No.: BUS 135; Section: 14
Course Title: Applied Business Mathematics
Full Marks: 20. Total Time: (60+10) min’s

(Answer any FIVE of the following questions. All questions carry equal marks.)

1. What is derivative? Differentiate the following functions , using whatever rules are
necessary: (i) (ii)
2. Write down the conditions for a function , to be increasing, decreasing, stationary, and
convex, concave or point of infection at . Discuss with suitable examples.
3. Find the successive derivative of the following functions and evaluate them at .
(i) (ii)
4. For the total cost function, , find (i) the average cost function,
(ii) the critical value at which is minimized, and (iii) the minimum average cost.
5. For the given function, (a) find the critical values, (b) test for
concavity to determine relative maxima or minima (c) check for inflection points, and (d)
evaluate the function at the critical values and inflection points.
6. A producer has the possibility of discriminating between the domestic and foreign markets for a
product where the demands, respectively, are and Total
cost, where, . What price will the producer charge in order to
maximize profits (a) with discrimination between markets and (b) without discrimination? (c)
Compare the profit differential between discrimination and non-discrimination.

1 Best of luck!