MADDA WALABU UNIVERSITY -SHASHEMENE CAMPUS
DEPARTMENT OF ECONOMICS
Calculus for Economists (Econ 2011)
Target group: Economics 2nd Year Regular
Work sheet
Part I: Choose the correct answer
1. Let 𝑌 then is
a) b) c) d)
2. What is f’’(x=3) for f(x)= 12-X -
a) 0 b) 1 c) -2/3 D) 2/3
3. Given AR =25 –Q 2.The marginal revenue function (MR) is given by
A) 25Q- Q3 B) 25-2Q C) 25-3Q2 D) 25Q- Q3
4. Given TR (Q) 15 (2Q+1) 130Q 5, where Q is in output per units and TR
is in birr per unit. The MR (Q=2) is equals to
A) 29.40 B) 28.80 c) 31.56 D) 38.88
5. Given the total cost function TC (Q) =200+25Q+2Q2.What is the level of
Output (Q) that minimizes average cost?
a) 100 unit b) 60 unit c) 20 unit D) 10 unit
6. The price-demand equation and the cost function are given respectively as:
where Q is the level of output that can
be sold at a price of P dollar per unit and C (Q) is the total cost of producing
a product. Which one is not correct?
a) TR(Q)=
b) MC(Q)= 60
c) MR(Q)=
d) Breakeven quantity is 210
7. Given y = f(x). If a function is twice differentiable and x=a is a critical value of
f(x), then a relative maxima value of a function exists when
a) f x=a 0 c) f x=a = 0
b) f x=a 0 d) Impossible to decide
8. Given the total cost function TC (Q) = Q3-24Q2 + 600Q.What is the level of
output (Q) that minimizes marginal cost?
a) 12 unit b) 8 unit c) 6 unit D) 20 unit
9. A firm faces short run production function TP (L) = -L3 + 15L2 + 10L.
What is the level of Employment at which stage II production function
starts to begin?
a) 8 b) 7 C) 6 D) 5
1
10. A firm faces short run production TP (L) = -1/3L3 +3L2 - 5L + 10. What
is the level of Employment at which the total product is maximum?
a) 8 b) 7 C) 6 D) 5
11. At which critical number do the function f(x) = 3X4 -10X3 +6X2+5
has relative maxima value, if the critical values are x= 0 or 2 or ½?
A. X=0 B) X=2 c) X=1/2 D. f(x) has no maxima value
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12. For a certain firm MC =3.6Q - 8Q + 41 and TFC=300birr, TC of the firm will be
a) 1.2Q3-4Q2+41Q+300 c) 1.2Q2-4Q+300
b) 3.6Q3-8Q2+41Q+300 d) 3.6Q3-4Q2+300
2
13. The Marginal revenue from the sale of a product is MR =200-4Q and when
output x = 0, Revenue= 0. The total revenue function for the firm will be
a) 200Q - 4Q3 c) 200Q - 2Q
b) 200Q2-2Q d) 200Q – Q3
2
14. The Marginal revenue from the sale of a product is MR =200-4Q and when
output x = 0, Revenue= 0. The total revenue from the sale of 9 units of the
product will be
a) 2810 birr b) 1028 birr c) 916 birr d) 2800 birr
15. What is the total profit earned from the sales of three additional units if 2 units are
currently being produced if the Marginal profit is given by MP= 100+50Q-3Q2
a) 800 birr b) 690 birr c) 708 birr d) 600 birr
16. Find the area of a region under the curve Y=X from X=1 to X=2
a) 3/2 b) 4/3 c) 10 d) 43
2 2
17. Find the area of a region b/n Y=3X - 4X+6 and Y= -X +2X+1 from X=1 to X=2
a) 31/3 b) 4/3 c) 10 d) 3
18. Evaluate ∫ X2dx
a) 117 b) 127 c) 140 d) 227
20. ∫ Where MC 7.5 0.3Q3
a) 117.6 b) 674.4 c) 440 d) 227.3
21. Which property of indefinite integral is not correct?
a) ∫ = X+ c c) ∫ = X2 + c
b) ∫ dx = lnx +c d) ∫ x dx = ex + c
22. Which property of definite integral is not correct?
a) ∫ =0 c) ∫ = ∫
∫ d) ∫ = ∫
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