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# ECO406 Mathematical Economics assignment no 01 solution and discussion due date 08-12-2014

ECO406 Mathematical Economics assignment no 01 solution and discussion due date 08-12-2014

MATHEMATICAL ECONOMICS (ECO406)
ASSIGNMENT NO. 01
DUE DATE: 8DEC, 2014
MARKS: 20
ASSIGNMENT:
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.
(Marks: 5)
Question No. 2
Obtain the linear equation of demand or supply from the following:
(Marks: 5)
Question No. 3
Which of the following are identities and which are equations, and why?
i. (2x+3y)2
=12(xy+3)
ii. (x+3)2
=x
2
+6x+9
(Marks: 2.5+2.5)
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
2. 2448
5 2 10 3
x x
x x
    
(Marks: 2.5+2.5)

Views: 719

### Replies to This Discussion

Our main purpose here discussion not just Solution

We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions.

1st qustion solution

DOMAIN :

0<=Q<=300

RANGE :

Total cast at zero point will be :

C=100+20(0)

C=100+0

C=100

Total cast at 300 output will be :

C=100+20(300)

C=100+6000

C=6100

100<=C<=6100

1

2

3

4

5

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