Paper 4: Fundamentals of Business Mathematics & Statistic

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FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 3.55


  1. A firm produces x units of output per week ata a total cost of ` 3 2


(^1) x x 5x 3.
3
(^) − + +
Find the output
levels at which the marginal cost and the average cost attains their respective minima.[Ans. 1, 3/2]



  1. A radio manufacture finds that he can sell x radios per week ar Rs. p each, where
    p 2 100 .x
    4


−^ −^


(^)
His cost of productiono of x radios per week is Rs.
x^2
(^) 120x+ 2.
show that his profit is maximum when the production is 40 radios per week. Find also his maximum
profit per week. [Ans. ` 1600]



  1. The total cost function of a firm is c x 3x 10x 10.^1 x^3 −^2 + + Where c is the rotal cost and x is output.


A tax at the rate of Rs. 2 per unit of output is imposed and the producer adds it to his ost. If the market
demand function is given by p = 2512 – 3x, where p is the price per unit of output, find the profit
maximumsing output and hence the price. [Ans. 50 ; rs. 2362]


  1. Find two positive numbers whose product is 16 having minimum sum [Ans. 4,4]

  2. The sum of two numbers is 18. Find the maximum value of their product. [Ans. 81]

  3. Find two positive numbers whose sum is 15 and the sum of whose square is minimum. [Ans. 15 152 2, ]

  4. Of all the rectangles, each of which has perimeter 40cm., find the one having maximum area.
    [Ans. Square of side 10cm ; 100 sq. cm.]

  5. A farmer can afford to buy 800 metres of wire fencing. He wishes to enclose a rectangular field of
    largest possible area. What should the dimensions of the field be? [Ans. 200m; 200m]


OBJECTIVE QUESTION


  1. If y = (2 – x)^2 find dydx [Ans. x – 4]

  2. If y = x^3 find
    dy^2


(^) dx^ +^1 , when x = 1 [Ans. 10]



  1. Differentiate x^6 w.r.t.x^2 [Ans. 3x^4 ]

  2. If y = log (4x) find dydx[Ans.^1 x]

  3. If y x 1=( +)^2 find dydx [Ans.


1 1


x

+ ]



  1. If
    y x^1
    x
    = + find find 2x ydy
    dx+ [Ans. 2 x]

  2. If y = logx find
    2
    d ydx 2 [Ans. 2


1


−x ]
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