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Final Assignment MAT1092 Code 3

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3 views

Final Assignment MAT1092 Code 3

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Cá Ngừ
Copyright
© © All Rights Reserved
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FINAL ASSIGNMENT

Code: 3

Lecturer’s Signature
Program: IB, AC, MIS, BDA
Course Code: MAT 1092
Course Title: Advanced Mathematics
Dr. Nguyen Quang Thuan
Time allowed: 03 hours Date: 27/12/2021
Department’s Signature
Date: 06/01/2022
Starting at 6:30, 06/01/2022
Ending at 9:30, 06/01/2022
Date: 30/12/2021

Instructions to students:

1. At 6:30, 06/01/2022, each student is assigned a final assignment with code number that is
identical to the tens digit of his / her student code (for example: if a student code is 17071365
then the tens digit is 6, and he / she must choose to do Final Assignment MAT1092 Code 6).
2. Final assignment consists of 5 problems, students should write the answers by hand to these
problems in 10 pages. Solution of problem 1 is written in pages 1-2, problem 2 in pages 3-4,
problem 3 in pages 5-6, problem 4 in pages 7-8, problem 5 in pages 9-10. Each page is numbered
clearly by hand writing in the right-top corner. Some pages not used are left with blank space.
Students should write clearly his / her full name, student code and course class in the first row of
the first page (for example: Nguyễn Văn Thao.17007365.MAT109201).
3. To submit the final assignment, students use CamScanner to scan all the above 10 pages and save
them to a pdf file, starting from page 1, then page 2, 3, 4, 5, 6, 7, 8, 9 and 10.
4. Students should finish submitting the final assignment / the pdf file with the file name: student’s
full name.student code.course class (for example: Nguyen Van Thao.17007365.MAT109201) in
due time through MS Teams Assignment (do not be late in submitting the final assignment in due
time, 9:30, 06/01/2022).
5. Any type of plagiarism and any violation of the above instructions can CAUSE ZERO MARK for
the final assignment.
Problem 1 (2 points): An annuity pays out $30xyz at the beginning of each year in
perpetuity, where x, y, z are the last three digits of your student code (for example: if
a student code is 17071827 then x = 8, y = 2, z = 7 then $30xyz=$30827). If the
interest is 5% compounded annually, find:
a/ The present value of the whole annuity;
b/ The present value of the annuity of payments received starting from the end of
20th year.

Problem 2 (2 point): A firm’s production function is Q = 24 + 2L. Given K = 160


and L = 90.
a/ Find the values of the marginal products, MP K and MPL, then estimate the overall
effect on Q when K increases by 3 units and L decreases by 2 units.
b/ State the value of the marginal rate of technical substitution MRTS and give an
interpretation of this value. Estimate the change of Q if L increases by 2 units and K
decreases by 4 units.

Problem 3 (2 points): If the rate of net investment flow is given by I(t) = 200e 0.1t,
calculate:
a/ The capital formation from the end of the third year to the end of the tenth year;
b/ The number of years required before the capital stock exceeds $50000.

Problem 4 (2 points): Consider the macroeconomic model defined by


National income: Y = C + I + G* (G* > 0)
Consumption: C = aY + b (0 < a < 1, b > 0)
Investment: I = cr + d (c < 0, d > 0)
Money supply: MS* = k1Y + k2r (k1> 0, k2< 0, MS* > 0)
Show that this system can be written as Ax = b, where

a/ Use Cramer’s rule to find C;


b/ Then write down the money supply multiplier for C and deduce it’s meaning.

Problem 5 (2 points): Consider the supply and demand equations:


QSt = 0.8Pt-1 - 12
QDt = -1.6Pt+ 60
a/ Assuming that the equilibrium conditions prevail, find an expressios for P t and Qt
when P0 = 80;
b/ Is this system stable or unstable, explain why?

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