Solution Sheet For Differentiation and Maxima and Minima Differentiation 1) Average Cost = 400 / x + 0.2 + 0.

0001x Marginal Average cost = - 400 / x2 + 0.0001 2) TC = AC Multiplied by x = 0.01 x2 + 5x + 500 MC = 0.02 x + 5 MC for 100 units = 0.02 x 100 + 5 = 7 units 3) x = 20/ p + 1 writing the equation in terms of p we get p = 20/x - 1 TR = p.x = ( 20/x 1) x = 20 -x MR = -1

4) Leave out the elasticity questions 5) p = 100 / q + 2 - 2 TR = p.q = ( 100 / q + 2 - 2 )q = 100 q / q + 2 - 2 q MR = dTR / dq for the term 100 q / q + 2 use the quotient rule (q + 2) x 100 - 100q (1) (q + 2)2 Ans MR = 200 ( q + 2) 2 -2 = 100 q + 200 - 100q ( q + 2)2

6) C = 100 + 0.15 x2 R = 3x Profit = R C = 3x - (100 + 0.15 x2 ) MC = 0.030 x MR = 3 MP = 3 0.3 x 8) Leave Elasticity questions 9) Leave Elasticity questions 10 ) C = 8 + 9I 3/2 dC / dI = 27/2 I 3/2 Maxima and Minima 1) Profit is maximum at x = 400 Maximum profit = 320 Required profit per bottle = 320 / 400 = Rs 0.80 3) Revenue is maximum at x = 65 4) Profit is maximum at x = 30 Maximum profit is Rs 1180 5)Average cost is minimum at q = 8 6)profit is maximum at x = 100 maximum profit is 50 7) Revenue is maximum at x = 220 8) Cost is minimum at q = 15 9) Cost is minimum at q =10 average cost is minimum at q =1 5 10) Revenue is maximum at 16