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Paper Code: BB
Paperld:17105
TIme: 3 HaulS
INote: Attempt any five questions.
7 -1 -I
03 (a) Find inverse of matrix 10 -2 1 and hence solve following system of equations
[ 6
-2 J3
7x-y-z=O,10x-2y+z=8,6x+3y-2z=7. (10)
05 (a) Find the po'int of inflexion on the curve y=X4-eX2+8x-1. . " , , ' (5)
(b) Given a quardatic cost function C(x)=ax2+bx+c, minimize the average cost and, show that
averagecost is equalto marginalcost at that value. (10)
06 (a) Determine the growth rate for continuous function f(t)=3r+5t+6. (5)
(b) For a demand function aq+bp-k=O where a, band k are positive constant. Determine
pointelasticityof demandwhen marginalrevenueis zero. (10)
07 (8) For a particular commodity, the demand equation is p=16-i/100 and supply equation is
p=i/400+6. Determine to the nearest rupee, the consumer's surplus and producer's
surplus if market equilibrium prevails. Draw the sketch showing each of regions whose
area determines the consumer's surplus and producer's surplus [Draw sketch in answer
sheet only]. (10)
(b) An account fetches interest at 5% per annum compounded annually. An individual
deposits Rs. 1000 each year in the account. How much will be the amount after 5 years. It
is given that eO,25=1.284. (5)