1. The following matrix gives the number of units of three products (P,Q, and R)
that can be processed per hour on three machines (A,B and C):
A b C
P 10 12 15
Q 13 11 20
R 16 18 14
Determine, by using matrix algebra how many units of each product can
produced, if the hour available on machines A, B and C are 54, 46 and 48 respectively.
4. Two commodities A andd B are produced such that 0.4 ton of A and 0.7 ton of
B are required to produce a ton of A. Similarly 0.1 ton of A and 0.6 ton of B
are needed to produce a ton of B. write down the technology matrix. If 68 ton
of A and 102 ton of B are required, find out the gross production of both of
them.
x3 - 3 x2 + 50x + 300. If the market price is fixed at Rs. 3313, find the profit
maximizing output of the plant.
8. The demand functions for commodities X1 and X2 are each a function of the
prices of x1 and x2 and are given by
x1 = 4/ p12 p2 x2 = 16/ p1p22 resp. find the four partial marginal demand
functions and the four partial elasticities of demand and determine the nature of the
goods.
9. find the optimum commodity purchases for a consumer whose utility function
and budget constraint are
11. If the marginal cost function is given by MC = 2(2x+9) -1/2 and the fixed cost is
Rs 4 . Find the average cost for 8 units of output.
12. Under a monopoly the quantity sold and the market prices are determine by the
demand function. If the demand function for a profit maximizing monopolist is
p= 274-x2 and MC = 4+3x, find CS.
13. Mr. X arranges to pay off a debt of Rs. 9600 in 48 annual installments which form an
arithmetic series. When 40 of these installments are paid, Mr X becomes insolvent and
his creditor finds that Rs 2400 still remains unpaid. Find the value of each of the first
three installments. Ignore interest.
14. The sum of three numbers in a G.P. is 38 and their product is 1728. find them