Assignment

1. The following matrix gives the number of units of three products (P,Q, and R)
that can be processed per hour on three machines (A,B and C):

A b C
P 10 12 15
Q 13 11 20
R 16 18 14

Determine, by using matrix algebra how many units of each product can
produced, if the hour available on machines A, B and C are 54, 46 and 48 respectively.

2. A company produces three products every day. Their total production on a

certain day is 45 tons. It is found that the production of third product exceeds
the production of first product by 8 tons while the total production of first and
third product is twice the production of second product. Determine the
production level of each product using Cramer’s rule.

3. Food I has 3 units of vitamin A, 9 units of vitamin B and 12 units of vitamin

C. Food II has 6,9 and 15 units respectively and food III has 9, 0,9 units
respectively. 33 units’ vitamin A, 27 of B and 60 of C are required. Find the
amount of three foods that will provide exactly these amounts. Use matrix
method.

4. Two commodities A andd B are produced such that 0.4 ton of A and 0.7 ton of
B are required to produce a ton of A. Similarly 0.1 ton of A and 0.6 ton of B
are needed to produce a ton of B. write down the technology matrix. If 68 ton
of A and 102 ton of B are required, find out the gross production of both of
them.

5. The manufacturing cost of an item consists of Rs. 100 as overheads, material

cost Rs 2 per item and the labour cost X2 / 90 for x items produced. Find how
many items be produced to have the average cost as minimum

6. A plant produced x tons of steel per week at a total cost of Rs.

x3 - 3 x2 + 50x + 300. If the market price is fixed at Rs. 3313, find the profit
maximizing output of the plant.

7. the demand and total cost functions of a monopolist are

p= 12-4x, C = 8x+ x2 resp.
i) Determine the profit maximizing output and price.
 ii) If the tax of ‘t’ per unit output is imposed, find the output and the price that
would correspond to the maximum profit of monopolist. What will be the
maximum profit?

8. The demand functions for commodities X1 and X2 are each a function of the
prices of x1 and x2 and are given by
x1 = 4/ p12 p2 x2 = 16/ p1p22 resp. find the four partial marginal demand
functions and the four partial elasticities of demand and determine the nature of the
goods.

9. find the optimum commodity purchases for a consumer whose utility function
and budget constraint are

U = x2y3 and x+4y = 10 resp.

10. A monopolist firm produces commodities of two typesX1 and X2 at constant

average cost of Rs 2.50 and Rs 3.00 per item resp. if p1 and p2 are the prices charged
and the market demand are x1 = 5 (p2-p1) and x2 = 32 + 5p1-10p2. find the prices of
two commodities for maximum joint profit.

11. If the marginal cost function is given by MC = 2(2x+9) -1/2 and the fixed cost is
Rs 4 . Find the average cost for 8 units of output.

12. Under a monopoly the quantity sold and the market prices are determine by the
demand function. If the demand function for a profit maximizing monopolist is
p= 274-x2 and MC = 4+3x, find CS.

13. Mr. X arranges to pay off a debt of Rs. 9600 in 48 annual installments which form an
arithmetic series. When 40 of these installments are paid, Mr X becomes insolvent and
his creditor finds that Rs 2400 still remains unpaid. Find the value of each of the first
three installments. Ignore interest.

14. The sum of three numbers in a G.P. is 38 and their product is 1728. find them

15.In an examination a candidate is required to answer 6 out of 10 questions which are

divided in to two groups each containing 5 questions and not permitted to attempt more
than 4 questions from each group. In how many, can he make up his choice.