FOREIGN TRADE UNIVERSITY

Advanced program

Calculus - Final test

Test code 1
(Duration: 60 minutes)
Student name: ..
Question 1. Given the demand function

Student number: ..

= 30 4

a) Find the expressions for total revenue, marginal revenue.

b) Find the value of which maximizes total revenue.
Question 2. Find and classify the stationary points of the function
( , )=

Question 3. Find the consumers surplus at

=

= , where

+ 5.

= 7 for the demand function

125 14 .
1 1 4
4 3 6 if it exists. Then, solve the
1 0 5
) .
= (0 1 2) and = (

Question 4. Find the inverse matrix of

system of equations

+3

Question 5. Consider the two-sector model

= 0.2( + ),

= 0.6 + 400,

= 600.

Find an expression for ( ) when (0) = 3000. Is this system stable or unstable?
Question 6. A manufacturer produces two kinds of good, and , for which demand
exceeds capacity. The production costs for each kind of good and are $5 and $4,
respectively. The production time for each kind of good and are 30 minutes and
50 minutes, respectively. The conditions of a bank loan limit the manufacturer to
maximum monthly production costs of $880 . In addition, we have maximum
monthly production time of 150 hours. If the profit is $6 and $5 per good and
respectively, how should the manufacturer arrange production to maximize total
profit?
Note: Students are not allowed to use textbook or any materials related to the subject.