Draw the graph of a function which has

(i) no maximum or minimum point

(ii) one global minimum and three local minima
(iii) one local minimum but no global minimum
(iv) one boundary maximum at x =0
(v)one interior maximum at x = 0

Sketch the graph of a function f(x) such that f(x) has a local maximum point but no
global maximum point.

Sketch the graph of a function f(x) such that f(x) has no maximum and minimum
point.

Determine all local extreme points (if exist) and corresponding extreme values for
the following functions:
f(x) = – 2x – 1 x4 x3 x2 +x – 2

Find all the local maximum and minimum points for the following function:
f(x) = x3 – 27x2 + 216x + 10
f(x) = 2x3 – 33x2 + 60x + 15
f(x) = x3 – 3x + 8
f(x) = x3 + 3x2 + 2

Find two positive numbers whose sum is 16 and whose product is as large as
possible.

Show that y = x3 has a stationary point at x = 0.

Find the stationary point(s) for each of the following functions and check whether
those are relative maximum or minimum or inflection point assuming the domain
to be the set of all real numbers:
f(x) = – 2x2 + 4x + 9 f(x) = x2 + 3 f(x) = 5x2 + x f(x) = 3x2 – 6x + 2

Find the stationary point(s) for each of the following functions and check whether
those are relative maximum or minimum or inflection point assuming the domain
to be [0, ∞)
f(x) =x3 – 3x + 5 f(x) = ⅓x3 – x2 + x + 10f(x) = ⅓x3 + ½ x2 – 2x

A firm’s TC function is C = q2 – 3q + 500. The inverse demand function for its

product is p = – q + 105. Find the most profitable level of output and the profit
at that output.

Consider a firm whose short-run total cost function is

C = q3 – 10q2 + 17q + 60.
Determine the following:
(a) the fixed cost of the firm;
(b) the optimal short-run output if price of the output is Rs. 5 per unit.
The output-elasticity of cost at the level of output found in (b).

Consider the following total cost function:

C = 0.04q3 – 0.9q2 + 10q +8
Find the output level at which AVC is minimum.

Write down the profit function of the firm and state the first and second order
conditions for profit maximization for each of the following cases. Find maximum
profit also.
 (i) TR = 100q – 4q2 TC = 50 + 20q [10, 350]
(ii) P = 100 – 4q TC = 50 + 20q

A laptop manufacturer determines that in order to sell x laptops, the price must
be p = 1200 – x.
The cost of the manufacturer for producing x laptops is C(x) = 4000 + 300x. Find
out the optimum number of laptops that will maximize the profit.

A manufacturer has fixed costs : F = Rs. 180 each day, and the variable costs :
V = Rs. (3q2 – 42q ), where q is the amount of the daily output. If the demand
function is p = 26 – 0.8q, where p is the price per unit. Find the daily output and
price that maximize manufacturer’s profit.

Which value of output (q) maximizes profit in the following cases, assuming that
q ϵ [0, 500], if the revenue and cost functions are respectively given by
(i) R(q) = 1840q and C(q) = 2q2 + 40q +5000
(ii) R(q) = 2240q and C(q) = 2q2 + 40q +5000

Determine the maximum profit and the corresponding price and output for a firm
whose demand and cost functions are p = 100 - 4q and C = 50 + 20q respectively.

Consider the following total cost function:

C = 0.04q3 – 0.9q2 + 10q +8
Compute AC and MC. Find the output level at which AVC is minimum. Verify the
result that AC and MC are equal when AC is minimum.

A firm has the cost function of the following type

C= q3 -5q2 + 30q +10
He sells his output at a price of Rs.6.00 per unit. Obtain the profit maximizing level
of output.

Consider a competitive firm whose short-run total cost function is

C = q3 – 10q2 + 17q + 60.
Determine the following:
(c) the fixed cost of the firm;
(d) the optimal short-run output if price of the output is Rs. 5 per unit.
The output-elasticity of cost at the level of output found in (b).

Determine the maximum profit and corresponding output for a monopolist whose
demand and cost functions are
p = 20 – 0.5q C = 0.04q3 – 1.94q2 + 32.96q respectively [q* = 0.58]

A firm’s TC function is TC = q2 – 3q + 500. The inverse demand function for its

product is p = 105 – q. Find the most profitable level of output and the profit at
that output.

A competitive firm’s production function: q = 8L2 – 3L w = ₹ 2

A publisher would be interested in maximizing profit while the author will be

interested in maximizing sales since he gets a fixed royalty of 20% on sales
proceeds. The demand function is p = 20 – 0.0002q. The cost function is given by
C = 0.00168q. Find the optimal number of books to be printed for the author and
the publisher.