Accord Business School, Tirupati.

I Semester - 2nd Internal Examinations 106 - Quantitative Techniques Time: 2 Hours Answer any one from the following: Part A 1. (a) Explain about Quantitative Techniques. Or (b) A radio manufacturer is planning production of a ne t!pe of radio. The fixed cost of setting up of the production is "s.1#$%#&&&. 'ariable cost of production of each set is "s.(%&. Each unit can be sold for "s.)&&. *etermine (i) +ost function (ii) "evenue function (iii) ,rofit function (iv) -.E.,. (. (a) Expalin the concept of a derivative *ifferentiate. (i) (x$/)) (x(/0) (ii) ((x/$)1(x21) Or (b) The total cost function of a firm is +311$x$2%x(/(4x/1&# here + is the total cost and 5x5 is the output. A tax at the rate of "s.( per unit is imposed and the producer adds it to his cost. 6f the demand function is given b! ,3(%$&2%x here 5,5 is the price per unit of output. 7ind the profit maximi8ing output and the price at the level. $. (a) (i) *efine Arthimetic ,rogression and sum of 5n5 terms of Arthimetic ,rogression. (ii) A contarctor for a construction 9ob specifies a penalit! for dela! in completion be!ond the agreed date at "s.1&&& for the 6st da! and "s.1&& more than the previous da! for each of the susequent da!s. :o much does a $& da! dela! in completion cost the contractor; Or (b) The presnt value of "s.0&&& at %< compounded semi anuall! is "s. )04&. 7ind out the no.of !ears. ). (a) *efine determinant of a matrix. 6f A3 $ 21 ( 20 ( ) 7ind ran=. 2$ 1 ( Or (b) There are two families A and B. There are 2 men, 3 women and 1 child in family A, and 1 man, 1 woman and 2 children in family B. The recommended daily allowance for calories is man: 24 , woman:1! , "hild: 1# and for $roteins: man%&&'ms,women ( 4&'ms and child ( 33'ms. "alc)late the total re*)irement of calories and $roteins fro each of the two families. & (a) +hat is a saddle $oint. ,ate teh r)les for detecti-es a saddle $oint. ,ol-e the 'ame whose $ayoff matri. is 'i-en by %1 / 2 4 %2 %/ with saddle $oint. Max Marks: 50

Or

(b) >hat is ?ame theor!; >rite a short note on characteristics of ?ame theor!. Part B (Case Law) (i) 7ind the 6nverse of @atrix A 3 1 $ & 2( $ $ 1 1 ) (ii) The @arginal cost + as a function of units produced is given b! + 3 1&0.)2%x. 7ind teh total cost and average cost function. 6ts fixed cost is "s.10$&. 20*1=20