The demand for gluten-free pasta is 𝒒𝒅 = 𝟓 + 𝟐𝒆−𝟐𝒑𝒛 + 𝟒√𝒚𝟑 + 𝟑 𝐥𝐧 𝒑−𝟑. Find and interpret the following partial demand elasticities (at 𝒑 = 𝟑, 𝒑𝒛 = 𝟐, 𝒚 = 𝟒):
a. Price elasticity of demand (𝒆𝒑). [2]
b. Cross-price elasticity of demand (𝒆𝒑𝒛 ). [2]
c. Income elasticity of demand (𝒆𝒚). [2]
Check the continuity of the function f: R^2 to R at (0,0)
f(x,y) = { 3x^2y/(x^2+y^2) if (x,y)≠(0,0)
{ 3 if (x,y)= (0,0)
The function f: R^3 to R , defined by
f(x,y,z)= x^3+ e^(y+z) is differentiable everywhere on R^3.
True or false with full explanation
Show that the function f: R^2→R^2 given by
f(x,y) = (xy^3+1, x^2+y^2) is not invertible. Futher check whether it is locally invertible at the point (2,1)
Question 10
A Firm's marginal cost function is Q2 + 2Q + 4
Find the total cost function.
a. Q3/3 + Q2 + 4 + C
b. Q3/3 + Q2 + C
c. Q3/3 + Q2 + 4Q + C
d. Q3/3 + Q2 + 100
Differentiate the function
f (x) = 3x3e2x.
a. 5x4e3x
b. 3x2e2x(x − 3)
c. 3e3x + 9x4x5
d. 3x2e2x(2x + 3)
Find the derivative of the function Y= x3 + x2 /x
a. x2/x + x/x
b. x2+ x /x
c. 2x + 1
d. 3x4 + 2x3
Find the derivative of
y = ln 3x5.
a. ln 3x5
b. 15x4
c. 5x−1
d. 1/3x5
A firm’s production function is given by
Q = 700Le−0,02L,
where Q denotes the number of units produced and L the number of labourers. Determine the size of the workforce that maximises output.
[a. L = 14
[b. L = 50
[c. L = 328
[d. L = 700
Customers of a hardware store are willing to buy
Q = 80 − P 2
boxes of nails at P rand per box. Find the marginal revenue if the price per box is R3.
a. R−53.00
b. R71.00
c. R53.00
d. R−71.00