ea abr PRESTON TERMINAL UNIVERSITY EXAMINATION Islamabad ~ Kohat ~ Peshawar ~Lahore SS student Name: Reg. N Course Code: QM 3263 Course Title: Mathematical Economics Program: BBA Semester: Spring 2014 This is a three-hour examination and consists of review questions and problems. ‘You may attempt not more than a total of six review questions and problems. Q.1 Discuss mathematical and non-mathematical economics. Q.2___ Mlustrate the ingredients of a Mathematical Model. Q3 Find the equilibrium price and quantity for two complementary goods, if the demand and supply are as below; Qu, = 410-Sp, -2p, Qs, = -60+3p, Qe, =295- p, 3p, Osz =-120+2p, Q4 What are the Identity and Null Matrix? Also prove that (4~!)" oh 3 Q5 Use Crammer Rule to solve the following set of equations: 8x, -x, =16 2x, +5x, =5 2x, +3x; =7 Q.6 — What is difference quotient? Find difference quotient of the following function: Y= f(x)=3x? -4 (Use x in liew of x) 6 3x+4)? .7 Differentiate the following: i, Y=—8 i, y= . eee eer Teeixe3s =) Q8 Define elasticity and find price elasticity of demand, in the function given below; Q=1400-p’ if p=20 Q.9 Find the present value of a perpetual cash flow of, _Rs.460 per year, discounted at r= 8%. Q.10 Find the general solution of the equation ; Day =1, where u=2e w=tand +k (arbitrary) fuar Q.11 Find the time path p(t) if the demand and supply functions as follows; Q, = 42-4p—4p'+ p" Q, =~6+8pPRESTON ks TERMINAL UNIVERSITY EXAMINATION Islamabad ~ Kohat ~ Peshawar ~ Lahore SSS student Name: _ Reg. Ni Course Cod QM 3263 Course Title: Mathematical Economics Program: BBA Semester: Fall 2013 This is a three-hour examination and consists of review questions and problems. You may attempt not more than a total of six review questions and problems. Q1 Explain the nature of Mathematical Economics, Q2.a) Describe the following with examples: i, Variable ii Constants ii, Parameters b) Draw graphy = x” +5x—2 with the set of values —5 < x <5as the domain. Q3 Given the market model 2 =Qs Q, =24-2P Q, =-5+7P : Find P and Q. . [4-1 {0 as oven al? J], a[? i (4B) 248" i, AM = AMA =T Q5 Solve equations by using matrices. 7x, -3x, —3x, Q6a) Given 'b) Find ae Y= Tx, +5x,x} - 9x3 Q7_~ Use Jacobian determinants to test the existence of funetional dependence Y= 2x, +3x, y= 4x} +12x x, +93 Q8.a) Find the total differential of the function ite Ox? b) Find the total derivative de /dr, giv z=x?—8xy—y", where x=3randy=1-1