Thanks to visit codestin.com
Credit goes to www.scribd.com

Scribd
Upload
38 views4 pages

Sample Final Exam

The document contains 5 questions related to mathematics and economics. Question 1 asks to diagonalize a matrix. Question 2 involves a 3 sector economy with consumption and output values given. It asks to find consumption and output values. Question 3 provides a demand equation and cost function, asking to find marginal cost and profit maximizing quantity and price. Question 4 gives a utility function and asks to find marginal utilities and maximum utility. Question 5 provides limits and integrals to evaluate.

Uploaded by

nngiabao.study
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
38 views4 pages

Sample Final Exam

The document contains 5 questions related to mathematics and economics. Question 1 asks to diagonalize a matrix. Question 2 involves a 3 sector economy with consumption and output values given. It asks to find consumption and output values. Question 3 provides a demand equation and cost function, asking to find marginal cost and profit maximizing quantity and price. Question 4 gives a utility function and asks to find marginal utilities and maximum utility. Question 5 provides limits and integrals to evaluate.

Uploaded by

nngiabao.study
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 4

SAMPLE 1

Question 1. (2 marks) Diagonalize the following matrix

 5 1 2 
A   1 5 2  .
 2 2 2 

Question 2. (2 marks) Consider a three sector economy where the interindustry sales
(sectors selling to each other) and the consumption matrix
 0,1 0, 2 0,3 
C   0,3 0,1 0,1  .
0, 2 0,3 0, 2 
a. (0,5 mark) What will sector 2 consume from sector 3 if it decides to make one unit?
b. (1 mark) Given that the outputs are 100, 120, 130 respectively. Determine the final
demand of each sector?
c. (0,5 mark) Suppose, due to technical improvements, industry 1 saves 20% of the
amount used from industry 2. Find the new consumption matrix.
Question 3. (2 marks) The demand equation for a company is

P  200  3Q ,

and the cost function is

C  Q   75  80Q  Q 2 , 0  Q  40.

a. Write down the expression for the marginal cost function. Evaluate the marginal cost at
P  110

b. Determine the value of Q and the corresponding price that maximize the profit.

Question 4. (2 marks) Given the utility function

u  x 0,2 y 0,8 .

a. Write down the equations for marginal utilities.

b. Find the maximum value of the utility subject to the budget contraint 4 x  2 y  180 .
Question 5. (2 marks)

4x 1
a. Evaluate lim .
x 0 23  x  8

dx
b. Evaluate x
3 1  x2
.
SAMPLE 2

Question 1. (2 marks) Solve

 2 x  3 y  z  2t  3
 4 x  6 y  3 z  4t  5

 .
 6 x  9 y  5 z  6t  7
8 x  12 y  6 z  8t  9

Question 2. (2 marks) Consider a three sector economy where the interindustry sales
(sectors selling to each other) and the final demand given in the following table

Input
Output Final demand
1 2 3

1 45 x 75 100

2 y 40 90 150

3 80 65 100 z

a. The total outputs are 310, 350 và 445 respectively. Determine x, y , z ?

b. Find the input coefficients matrix A.

Question 3. (2 marks) The demand equation for a certain commodity is

1 2
P Q  10Q  300 ,
12

0  Q  60 .

a. Write down the experession for R and MR.

b. Find the consumer surplus when the selling price is 75$.

Question 4. (2 marks)

a. The profit function for two goods is given by the equation

  527  2 x 2  3 y 2  2 xy  20 x  20 y
Determine the values of x and y for which profit is maximized.

b. Determine the values of K and L which minimise the cost function C  3K  5 L subject
to the production constraint 250  10K 0,5 L0,5 .

Question 5. (2 marks)

1  3 cos x
a. Evaluate lim .
x 0 cos 2 x  2 cos x  1

 ln 3
e2 x
b. Evaluate 

e4 x  1
dx .

You might also like