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ECO406 Mathematical Economics assignment no 01 solution and discussion due date 08-12-2014
MATHEMATICAL ECONOMICS (ECO406)
ASSIGNMENT NO. 01
DUE DATE: 8DEC, 2014
Question No. 1
Assume that total cost ‘C’ of a firm for daily output Q is given by the function,
C= 100+20Q and maximum daily productivity capacity of the firm is 300 units of
the output. Find the domain and the range of the function.
Question No. 2
Obtain the linear equation of demand or supply from the following:
Question No. 3
Which of the following are identities and which are equations, and why?
P 10 12
Q 12 10 Question No. 4
Solve the following equation and find the values of independent variables.
1. 5x + 10 – 7(15-x) =0
5 2 10 3
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1st qustion solution
Total cast at zero point will be :
Total cast at 300 output will be :