Applied Mathematics



Applied Mathematics

Question 1



= [(1)4 - (1)2 + 3(1)] - [(0)4 - (0)2 + 3(0)] = 3



Question 2

The function that represents the total resale value = 250000 - (3800t - 38000)

The price of the commodity after 3 years will be Cost - Depreciation i.e.

250000 - 3800(3) + 38000 = $276600

Question 3

Demand function => p = 50e-q/2

For q = 4, the price of the product will be p = 50e-4/2 = $6.76

For p $1.73, the quantity required for the product will be q = ln(50/p)2, i.e. q = 6.72 7 units.

Question 4

TC = Fixed cost + Variable cost ...