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Subject

Mathematical Analysis, Extended Mathematical Analysis

Assessment type

Homework 2

Set on

2015 10 05

Will be collected on

2015 10 26

Tasks prepared by

K. Aldoina, M. Kulys

Students name, surname

Students signature
Students programme

:2 =
Points
gathered

Final grade

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Final grade will be counted by dividing gathered number of points by 2 and rounding up to two
decimal places according to the rounding rules.

1. One student says: I am sure that the demand given by p q 1 ln 2q 3 is elastic with the given
price of 9 euros. Another student replies: No, its not! Which one is right? Why? (1,5 points)

2. An investment project has an initial outlay of 30000 euros and in the end of each of the next four
years has returns of 9000 euros. Find the associated internal rate of return. Would you participate in
such investment project, if your preferable internal rate of return is 15%? Why? (2,5 points)
Note: use Newtons method.

3. The amount of nitrogen dioxide, a brown gas that impairs breathing, present in the atmosphere on a
136
28 0 t 11
certain June day in the city of Beijing, is approximated by A t
2
1 0,25 t 4,5
where A(t) is measured in pollutant standard index (PSI) and t is measured in hours, with t 0
corresponding to 7 a.m. When the PSI increasing and when is it decreasing? At what time is the PSI
highest, and what is its value at that time? (2 points)

4. Supply of potatoes during one concrete week of the year is given by y ln x 5 x 5 , and
3
1 (here x is quantity in tons, and y is price in
demand over the same week is given by y
x 1
hundreds euros per ton). Find market equilibrium point. (1,5 points)
Note: use method of bisection; initial interval is 1,01; 3,97 ; round the answer up to two decimal
places.

5. SAULA_TV manufactures middle-size TVs. The quantity x of these TVs demanded each week is
related to the wholesale unit price p by equation p 0,006x 180 . The weekly total cost incurred
by the factory for producing x units is TC x 0,000002 x 3 0,02 x 2 120 x 60000 euros. Because
of technological requirements the factory cant produce less than 4000, and more than 10000 TVs per
week. What should be the level of production per week so that one additionally produced TV would
generate 170 euros of profit? (2 points)

6. An economys consumer price index (CPI) is described by the function I t 0,3 t 3 4 t 2 200

0 t 10

where t 0 corresponds to the year 2000. Find the point of inflection of the function I
and interpret your result. (1,5 points)

7. Approximate the function y log 2 x by the fourth order polynomial at the point x 1 . (2 points)
Note: use Taylors formula.

8. Examine the function y

x2 4
and draw its graph. (7 points)
x7 1

Note: in this task you can use any solver to find approximate solutions of the equations.

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