Scribd Logo
Upload

Welcome to Scribd!

  • 27 views

    Assignment1 Spring 2023

    Uploaded by

    Ahmed azim
    1. This document contains 16 multi-part questions related to economics and mathematics. The questions cover topics such as functions, lines, production functions, costs, revenues, supply and demand, and systems of equations. 2. The questions require calculating values of functions, finding domain and range, sketching graphs, determining equilibrium points, computing costs and revenues, solving systems of equations, and more. 3. The production function questions involve computing output given levels of capital and labor as well as calculating returns to scale.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Assignment1 Spring 2023

    Uploaded by

    Ahmed azim
    27 views3 pages
    1. This document contains 16 multi-part questions related to economics and mathematics. The questions cover topics such as functions, lines, production functions, costs, revenues, supply and demand, and systems of equations. 2. The questions require calculating values of functions, finding domain and range, sketching graphs, determining equilibrium points, computing costs and revenues, solving systems of equations, and more. 3. The production function questions involve computing output given levels of capital and labor as well as calculating returns to scale.

    Original Title

    Assignment1_Spring_2023

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    1. This document contains 16 multi-part questions related to economics and mathematics. The questions cover topics such as functions, lines, production functions, costs, revenues, supply and demand, and systems of equations. 2. The questions require calculating values of functions, finding domain and range, sketching graphs, determining equilibrium points, computing costs and revenues, solving systems of equations, and more. 3. The production function questions involve computing output given levels of capital and labor as well as calculating returns to scale.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views3 pages

    Assignment1 Spring 2023

    Uploaded by

    Ahmed azim
    1. This document contains 16 multi-part questions related to economics and mathematics. The questions cover topics such as functions, lines, production functions, costs, revenues, supply and demand, and systems of equations. 2. The questions require calculating values of functions, finding domain and range, sketching graphs, determining equilibrium points, computing costs and revenues, solving systems of equations, and more. 3. The production function questions involve computing output given levels of capital and labor as well as calculating returns to scale.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 3

    The American University in Cairo

    Department of Economics Econ216


    Assignment1

    1. If h(x) = (3x + 2)2


    Find: h(-2), h(0), h(1).

    2. List the domain for:


    a. 𝑔(𝑡) = √𝑡 2 − 9
    𝑡−3
    b. 𝑔(t) =√𝑡 2
    −2𝑡−8
    1
    c. 𝑔(t) =𝑡−5

    𝑥
    3. If 𝑓(𝑢) = 𝑢2, 𝑔(𝑥) =𝑥−3

    Find f(g(x)) and g(f(x))

    4. Find the equation of the line that passes through the points (2, – 4) and (5, 2).
    a. Find the slope
    b. Find the equation of the line

    5. Suppose the production function for a certain company is given by the following
    Cobb-Douglas function:
    Q(K,L)= 1.025 k0.65 L0.35
    where K is capital investment in L.E. millions and L is the size of labor force in
    thousands of workers.
    a. Determine its returns to scale.
    b. Compute the output if K is L.E 120 millions, and L is 95 thousand workers
    c. Compute the production output if both K and L are cut in half.

    6. Sketch the following function:

    𝑓(𝑥) = 3(𝑥 + 2)2 − 9

    7. Write an equation for the line with the given properties:


    a. Through (4, 1) with slope 2.
    b. Through (1, 2) and parallel to x-axis.
    c. Through (2, 3) and parallel to y-axis.
    d. Through (1, 0) and perpendicular to the line 4x+2y=1.

    8. A manufacturer estimates that it costs $15 to produce each unit of a particular


    commoditythat sells for $25 per unit. There is also a fixed cost of $1,300.
    a. Express the cost C(x) and revenue R(x) as functions of the number of units (x)
    thatare produced and sold.
    b. What is the cost of producing 100 units?
    c. Find the cost of producing the 100th unit.

    1
    d. What is the profit function for this commodity?
    e. What is the minimum number of units that must be sold to make a profit?

    9. If the selling price per unit is $12, the variable cost is $8 and fixed cost if 7000
    a. Find the TC function.
    b. Find the TR function.
    c. Find the TR of selling 10 units.
    d. Find the breakeven quantity.
    e. For what number of units will a loss occur?

    10. A firm transport farm food between cities in a country. The firm finds that the total cost C
    and the total revenue R of transporting x units of a given food type as given by

    𝐶 = 200𝑥 + 4000
    𝑅 = 450𝑥 − 3𝑥 2
    a. Find the breakeven point.
    b. The 𝑥 value that maximizes the profit function, and the maximum profit.
    c. How much profit is generated when 90 units of the commodity are produced?

    11. Consider the following supply and demand functions:


    S(x)= x2 − x − 6
    D(P)= -2x2 + 6x + 8

    a. Draw the graph for each function separately


    b. Find the equilibrium point
    c. Show the equilibrium point on another simplified graph
    d. When will this market face a situation of shortage and show on
    thesimplified graph.

    12.Consider the following supply and demand functions:

    D(x) = −3x + 138


    S(x) = 5x − 280
    d. Sketch graph for each function separately.
    e. Find the equilibrium point.
    f. Show the equilibrium point on another simplified graph.
    g. When will this market face a situation of shortage and show on the simplified
    graph.

    13. Find the composite function g(h(x)) if

    a. 𝑔(𝑢) = √𝑢2 + 6𝑢 + 3, h(𝑥) = 𝑥 − 1


    2
    b. 𝑔(𝑢) = 3𝑢 − 𝑢2, h(𝑥)=
    𝑥−4
    3𝑢
    c. 𝑔(𝑢)= 𝑢−1 , h(𝑥) = 𝑥 +4

    2
    14. Find the possible solutions for x if:
    a. 𝑥2 − 3𝑥 − 4 = 0
    b. 𝑥2 + 4𝑥 − 12= 0
    c. 𝑥2 = 49
    d. 2𝑥2 + 4𝑥 − 3 = 0

    15. Find the possible values of 𝑥 and y:


    𝑥 + 𝑦 = 2200
    1.5𝑥 + 4𝑦 = 5050

    16. Suppose the production function for a certain company is given by the following Cobb-
    Douglas function:
    Q(K,L)=10 k0.4 L0.6
    where K is capital investment in L.E. millions and L is the size of labor force in
    thousands of workers.
    a. Determine its returns to scale.
    b. Compute the production output if K is L.E 105 million, and L is 215 thousand
    workers,
    c. Compute the production output if both K and L are cut in half.

    You might also like