A

(Final Exam)
(Fall 2019)
(Business Mathematics II - MATHT221)
(02.12.2019 )
Time (11am – 1 pm)
STUDENT NAME: ……...............................................................................................
STUDENT QU ID: ……................................................................................................
INSTRUCTOR NAME: …………………………..………………..……………..…

This exam paper consists of 10 pages.

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1. (4 marks) 𝑦 = 2𝑥 3 − 18𝑥 2 + 48𝑥 − 29.

a. Find y' and y''.

b. Determine intervals on which the function is increasing; determine intervals
on which the function is decreasing.
c. Determine the coordinates of all relative maximum and relative minimum
points.
d. Determine intervals on which the function is concave up; determine intervals
on which the function is concave down.

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2. (2.5 marks) If 𝑓(𝑥) = −2𝑥 3 + 12𝑥 2 + 72𝑥 − 70. Use the second-order
conditions at the critical points to distinguish between a relative maximum and a
relative minimum.

3. (2.5 marks) 𝑓(𝑥) = 𝑥 3 + 27𝑥 2 + 96𝑥 – 47. Determine the absolute extrema
for 𝑓(𝑥) on the closed interval [−3,3]

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4. (3 marks) From the total cost TC function, 𝑇𝐶 = 2𝑞 3 − 12𝑞 2 + 225𝑞
a. Find the average cost AC function,
b. Find the critical value at which AC is minimized and the minimum average
cost.

𝑥 4 −𝑥 2 +√𝑥
5. (1 mark) Determine ∫ 𝑑𝑥
𝑥

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 10𝑥 2
6. (1 mark) Determine ∫(5𝑥 3 −8)𝑑𝑥

7. (1 mark) Determine ∫(72𝑥 2 √(8𝑥 3 + 5)𝑑𝑥

8. (2 marks) A firm’s marginal cost function is 𝑀𝐶 = 𝑞 2 − 6𝑞 + 125 where 𝑞 is

the number of units produced. Fixed costs are $280. Find the total cost TC of
producing 𝑞 units.

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 2
9. (1 mark) Determine ∫ 𝑥𝑒 1−2𝑥 𝑑𝑥

10. (2 marks) Find the additional total revenue received from increasing sales from 10
to 12 units, given the marginal revenue, 𝑀𝑅 = 104 − 6𝑞

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11. (3 marks) Determine the consumers’ surplus and producers’ surplus under
market equilibrium.
The demand equation is 𝑝 = 35 − 𝑞 2
The supply equation is 𝑝 = 3 + 𝑞 2

12. (5 marks) Consider the following function with three variables

𝑥𝑧 2
𝑓(𝑥, 𝑦, 𝑧) = + ln(𝑦𝑧)
𝑦

a. (3 marks) Find the 𝑓𝑥 , 𝑓𝑦 , 𝑓𝑧 , 𝑓𝑥𝑥 𝑓𝑦𝑦 and 𝑓𝑧𝑧

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 b. (2 marks) Show that 𝑓𝑥𝑦 = 𝑓𝑦𝑥 , 𝑓𝑥𝑧 = 𝑓𝑧𝑥 and 𝑓𝑦𝑧 = 𝑓𝑧𝑦

13. (4 marks) 𝑓(𝑥, 𝑦) = 6𝑥 3 + 6𝑦 3 + 54𝑥𝑦 − 195

a. Find the critical values of 𝑓(𝑥, 𝑦)
b. Use the second-order conditions to see if the function is at a relative
maximum, relative minimum, inflection point, or saddle point.

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14. (3 marks) Consider Using the method of Lagrange multipliers, Find the critical
values of the following function:

𝑓(𝑥, 𝑦) = 4𝑥 2 − 5𝑥𝑦 + 6𝑦 2 , subject to 𝑥 + 𝑦 = 30

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 Rules and Formula for Final Exam, MATH221 – Spring 2019
Chapter 11
Chapter 10 Basic Integration Properties:
RULE 1 - Criteria for Increasing or Decreasing Function
Let 𝑓 be differentiable on the interval (a,b).
• f is increasing on (a, b) when f’(x) > 0, for all x in
(a,b).
• f is decreasing on (a, b) when f’(x) < 0, for all x in
(a,b).
RULE 2 - A Necessary Condition for Relative Extrema
 f ' a   0
relative extremum implies 
  or
at a   f ' a  does not exist

RULE 3 - Criteria for Relative Extrema
1. If f’(x) changes from positive to negative, then f
has a relative maximum at a.
If f’(x) changes from negative to positive, then f has a u n1
 u du  n  1  C if n  1  e du  e C
n u u
relative minimum at a.
1 ;
Criteria for Concavity u du  ln u  C for u  0
If f’’(x) > 0, f is concave up on (a, b). b

If f”(x) < 0, f is concave down on (a, b). Fundamental Theorem of Integral:  f xdx  F b  F a 
f has an inflection point at a if it is continuous at a AND f a

changes concavity at a.
Second-Derivative Test Consumer Surplus (CS) and Producer Surplus (PS):
Suppose f′(a) = 0 q0 q0

  f q   p dq  p  g q dq
If f″(a) < 0, then f has a relative maximum at a. CS  PS 
•
0 0
If f″(a) > 0, then f has a relative minimum at a. 0 0
• If f″(a) = 0, then the test fails.
where f(q) is the demand function and g(q) is the supply
function.

Chapter 13
Relative maximum at the point (a, b) is shown as
f a, b  f x, y 
RULE 1: z = f (x, y) has a relative maximum or minimum when
 f x x, y   0

 f y x, y   0
RULE 2: Second-Derivative Test for Functions of Two Variables
Let D be the function defined by
Dx, y   f xx x, y  f yy x, y    f xy x, y  .
2

1. If D(a, b) > 0 and fxx(a, b) < 0, relative maximum at (a, b)

2. If D(a, b) > 0 and fxx(a, b) > 0, relative minimum at (a, b)
3. If D(a, b) < 0, then f has a saddle point at (a, b).
4. If D(a, b) = 0, no conclusion.
z
is the rate of change of z with respect to x when y is held fixed. f xx means ( f x ) x and f xy means ( f x ) y
x
z f yx means ( f y ) x and f yy means ( f y ) y
is the rate of change of z with respect to y when x is held fixed.
y