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    ECON 1003 Graded Tutorial 1

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    Love One
    This document contains the solutions to 4 questions: 1) Calculating expressions involving functions. 2) Identifying factors of a polynomial expression. 3) Solving an equation for a variable. 4) Calculating profit from chair sales based on revenue and cost functions.

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    ECON 1003 Graded Tutorial 1

    Uploaded by

    Love One
    31 views4 pages
    This document contains the solutions to 4 questions: 1) Calculating expressions involving functions. 2) Identifying factors of a polynomial expression. 3) Solving an equation for a variable. 4) Calculating profit from chair sales based on revenue and cost functions.

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    © © All Rights Reserved

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    This document contains the solutions to 4 questions: 1) Calculating expressions involving functions. 2) Identifying factors of a polynomial expression. 3) Solving an equation for a variable. 4) Calculating profit from chair sales based on revenue and cost functions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    31 views4 pages

    ECON 1003 Graded Tutorial 1

    Uploaded by

    Love One
    This document contains the solutions to 4 questions: 1) Calculating expressions involving functions. 2) Identifying factors of a polynomial expression. 3) Solving an equation for a variable. 4) Calculating profit from chair sales based on revenue and cost functions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    ECON 1003 - Graded Tutorial 1 (5%)

    Patricia Brown

    Question 1 Given f(x)=|x−2| and g(x)=3x2+2, find the following:

    a. f[f(1)] =f(ǀ 1-2 ǀ)

    =f(1-2)

    =f(1)

    =ǀ-1ǀ

    =1

    b. g[f(2)] =g(ǀ 2-2 ǀ)

    =g(ǀ 0 ǀ)

    =g(0)

    =3/02+2

    =3/2 or 11/2

    c. f[g(4)] =f [3/42+2]

    =f(3/18)

    =ǀ3/18-2ǀ

    =-33/18

    =11/6

    c. g[g(0)] =(3/02+2)

    =g3/2

    =3/(3/2)2+2

    =3/9/4+2

    =3/17/4

    =3•4/17
    = 12/17

    Question 2 Which of the following are factors of the expression:x3−5x2−17x+21

    a.(X+7) Let f(x)=X3-5x2-17x+21

    If X+7 is a factor then f(-7)=0

    If X+7=0 then X= -7

    F(-7)=(-7)3-5(-7)2-17(-7)+21

    =-343-245+119+21

    =-588+140

    = -448

    ≠
    F(-7) 0 ,hence X+7 is not a factor.

    b.(x+3) =0 => X= -3

    f(-3)=(-3)3-5(-3)2-17(-3)+21

    =-27-45+51+21

    =-72+72

    =0

    F(-3)=0 hence,X+3 is a factor

    c.(x−5)=0 => X=5

    f(5)=53-5(5)2-17(5)+21

    = 125-125-85+21

    =-85+21

    =-64

    ≠
    F(5) 0 hence, X-5 is not a factor.

    d.(x−1)=0 => X =1

    f(1)=13-5(1)2-17(1)+21

    =1-5-17+21
    =-21+21

    =0

    F(1)=0 hence, X -1 is a factor.

    Please show all relevant working.

    Question 3

    a. If 3x2+βx+4=and f(−1)=12,what is the value of β?

    F(X)=3x2+ βx+4

    F(-1)=12

    => 3(-1)2+β(-1)+4=12

    => 3+4-12=β

    ‫؞‬β=-5

    b. Are the functions f(x)=x−4 and g(x)=x2−16/x+4 the same? Explain.

    f(x)=x−4 and g(x)=x2−16/x+4

    =(x-4)(x+4)/x+4

    =x-4

    =f(x) hence,f(x)=g(x)

    c. Find the inverse of h(x)=2x−3x+4 and state what value(s) of x that the inverse cannot assume.

    H(x)=2x-3/x+4 interchange x and y

    X= 2y-3/y+4 transpose for y

    x/1=2y-3/y+4

    =>x(y+4)=2y -3

    =>xy +4x= 2y-3

    =>xy-2y=-4x-3

    =>y(x-2)/x-2=-4x-3/x-2

    ‫ ؞‬y= -4x-3/x-2 hence,h-1(x)=-4x-3/x-2

    x-2=0 => x=2 ‫ ؞‬the inverse cannot assume a value where x=2
    Question 4 If the revenue R,in dollars, from selling q chairs is R(q)=210q. The cost C,in dollars,of selling
    q chairs is C(q)=q2+70q+4000

    a. Find the profit function.

    R(q)=210q ((q)=q2+70q+4000

    Profit=revenue-cost

    P(q)=R(q)-C(q)

    =210q-(q2+70q+4000)

    =210q-q2-70q-4000

    =-q2+140q-4000

    b. Find the profit if 70 chairs are sold.

    P(70)=-702+140(70)-4000

    =-4900+9800-4000

    =900

    ‫ ؞‬The profit from a sale of 70 chairs is $900.00

    c. How many chairs must be produced to break-even?

    @ breakeven Profit =0

    =>P(q)=0

    => -q2+140q-4000=0

    =>q2-140q+4000=0

    =>(q-140q)(q-40)=0

    =>q-100=0 or q=40

    q=100 or q=40,breakeven will occur at 100 chairs or 40 chairs being produced.

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