TMA 03 F.

Mathematics for Management group 1 ID. DEC/0074/01

Q# 1. i. a)


Evaluate the following limits.






(


= =


   

Therefore,

  

b)


Therefore,

= 27

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TMA 03 F.S

Mathematics for Management group 1 ID. DEC/0074/01

c)






Therefore, 

=8

d)
 

 

 

   

 

   

= 1/3

ii.

Evaluate the definite integral

= =


2 1

= - (1/2) (-1)

=
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TMA 03 F.S

Mathematics for Management group 1 ID. DEC/0074/01

Q# 2. Given: Area = 1200 m2, fence material cost along three side = 2.00/m, the fourth side costs birr 6.00 /m Assume that side x cost birr 6/m Area, A(x) = x*y = 1200m2 Perimeter, P(x,y) = 2x + 2y .. ..eq.1 eq.2

Cost, C(x,y) = 6x + 2x + 2y + 2y = 8x+4y

..eq.3

Solving for y in eq. 1, y = (1200/x), substituting this in eq. 3 yields,

C(x) = 8x + 4(

..

..eq.4

For the economical fencing,

 

 

=0

(8x + 4(

)) = 0, and solve for x. )=0

(8x + 4( )

)) = 8 - 4800(

8 = 4800( 8 = 4800

X=

= 10

, and Y =

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TMA 03 F.S

Mathematics for Management group 1 ID. DEC/0074/01

Q# 3.
Area bounded by the functions, given below, and x axis.  area = = =


   


and

 ) -  
1 3


   


1 0

= [7 1/3] [19/3] = 1/3 Area = 1/3 unit sq.

Q# 4
Let Q is the number of customers buying TV station = 1000, @ birr 20 each month At birr 1 discount, Q 1 = 1000+ 100 = 1100. And P = birr 19 For maximum revenue, find Price, p. Revenue before discount = TR = PQ = 1000*20 = 20,000. Revenue after first discount = TR 1 = P Q1 = 1100*19 = (p-1)(Q+100) Revenue after second discount = TR 2 = (P-2)(Q + 2 * 100) Revenue after n th discount = TR n = (p-n)(Q+100n)

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TMA 03 F.S

Mathematics for Management group 1 ID. DEC/0074/01

TR n = (20 n) (Q + 100 n) , TR n = ( 20Q + 2000n Q n 100n 2) For the maximum revenue,

. P = 20, Q = 1000

= 0,

0 200n = 2000 Q = 1000 n = 1000/200 = 5 Therefore, at the fifth discount, n = 5, the price will be, p = 20 n = 15

For maximum revenue, P = birr 15 and Maximum revenue = 15(1000 + 100*5) = 22,500 Birr

Q# 5
Hotel rooms = 200, booked full at rate of birr 40 per night For each birr 1 increase on the rate, booked rooms = 200 4 r, where r = rate increased Room Service cost per day = birr 8

a) Room charge for maximum gross profit.

Profit, = TR TC, where TR = P n, and TC = 8n, n = number of rooms rented. = Pn 8n, for p = 40, n = 200 p = 41, n = 200 4 p = 42, n = 200 8 p = 40 + r, n = 200 4r = n(p 8) = (200 4r)(40 + r 8)
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TMA 03 F.S

Mathematics for Management group 1 ID. DEC/0074/01

= (200 4r)(32 + r) = 6400 + 200 r 128 r 4 r 2






, solving for r yields,

r = 9, at the 9 th rate is the maximum profit. That is P = 40 + 9 = 49.

For the maximum gross profit Room charge = birr 49

b)
n = 200 4*9 = 164, number of rooms rented at p = 49 = Pn 8n = 164 (49 8)

= 6724

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