FACULTY OF ARTS AND SCIENCE

University of Toronto
FINAL EXAMINATIONS, APRIL 2012
MAT 133Y1Y
Calculus and Linear Algebra for Commerce
Duration: 3 hours
Examiners: N. Francetic
A. Igelfeld
P. Kergin
J. Tate
FAMILY NAME:
GIVEN NAME:
STUDENT NO:
SIGNATURE:
LEAVE BLANK
Question Mark
MC /45
B1 /13
B2 /12
B3 /10
B4 /10
B5 /10
TOTAL
NOTE:
1. Aids Allowed: A non-graphing calculator, with
empty memory, to be supplied by student.
2. Instructions: Fill in the information on this
page, and make sure your test booklet contains
14 pages.
3. This exam consists of 15 multiple choice ques-
tions, and 5 written-answer questions. For the
multiple choice questions you can do your
rough work in the test booklet, but you must
record your answer by circling the appropriate
letter on the front page with your pencil. Each
correct answer is worth 3 marks; a question left
blank, or an incorrect answer or two answers for
the same question is worth 0. For the written-
answer questions, present your solutions in the
space provided. The value of each written-answer
question is indicated beside it.
4. Put your name and student number on each page
of this examination.
ANSWER BOX FOR PART A
Circle the correct answer
1. A. B. C. D. E.
2. A. B. C. D. E.
3. A. B. C. D. E.
4. A. B. C. D. E.
5. A. B. C. D. E.
6. A. B. C. D. E.
7. A. B. C. D. E.
8. A. B. C. D. E.
9. A. B. C. D. E.
10. A. B. C. D. E.
11. A. B. C. D. E.
12. A. B. C. D. E.
13. A. B. C. D. E.
14. A. B. C. D. E.
15. A. B. C. D. E.
Page 1 of 14
Name:
Record your answers on the front page
Student #:
PART A. MULTIPLE CHOICE
1. [3 marks]
If PQ = R
where P =
_
_
1 5 7 8 9
3 1 0 4 2
2 4 2 1 6
_
_
and Q =
_
_
_
_
_
_
2 1 6 0
7 2 2 1
9 2 4 4
4 0 3 0
0 1 1 7
_
_
_
_
_
_
then r
24
is
A. 14
B. 15
C. 16
D. 17
E. undened because P and Q cannot be multiplied together
2. [3 marks]
If f(x) =
_
_
_
x + e
k
if x 1
2x
2
2x
x 1
if x > 1
is continuous at x = 1 then
A. k = 1
B. k = 0
C. k = 1
D. k = 2
E. there is no real number k such that f is continuous at x = 1
Page 2 of 14
Name:
Record your answers on the front page
Student #:
3. [3 marks]
If y = x
ln x
, then y

(e) =
A.
2
e
B.
1
e
C. e
D. 2
E.
1
2e
4. [3 marks]
The function f(x) = xe
x
on the inverval [1, 2]
A. has an absolute minimum at x = 1 and an absolute maximum at x = 2
B. has an absolute minimum at x = 1 and an absolute maximum at x = 1
C. has an absolute minimum at x = 1 and an absolute maximum at x = 2
D. has an absolute maximum at x = 1 and no absolute minimum
E. has an absolute minimum at x = 1 and no absolute maximum
Page 3 of 14
Name:
Record your answers on the front page
Student #:
5. [3 marks]
If the demand equation is p =
q
3
12
50q
2
+ 10000q, for what values of q is the marginal revenue (
dr
dq
)
decreasing?
A. (0, 100)
B. (100, 200)
C. (200, )
D. All values
E. None
6. [3 marks]
lim
x0
e
2x
1 2x 2x
2
x
3
is
A. undened
B. 0
C. 2
D.
1
6
E.
4
3
Page 4 of 14
Name:
Record your answers on the front page
Student #:
7. [3 marks]
If Newtons method is used to estimate a solution to the equation
(x 2)
2
= ln x
beginning with x
1
= 1, then x
2
is closest to
A. 0.67
B. 1.33
C. 1.39
D. 1.41
E. 1.43
8. [3 marks]
_
e
1
ln x
x
dx =
A. 2
B. 1
C.
1
2
D. e
E.
1
e
Page 5 of 14
Name:
Record your answers on the front page
Student #:
9. [3 marks]
_
x + 2
x
2
1
dx =
A. (x + 2) ln |x
2
1| + C
B.
5
2
ln |x
2
1| + C
C.
1
2
[ln |x + 2| ln |x + 1| ln |x 1|] + C
D.
1
2
[ln |x 1| ln |x + 1|] + C
E.
1
2
[3 ln |x 1| ln |x + 1|] + C
10. [3 marks]
A towns population is expected to grow exponentially so that it will double every 50 years. If its
population today is 10,000, then in 10 years its population will be
A. 12, 039
B. 11, 755
C. 10, 821
D. 11, 487
E. 10, 432
Page 6 of 14
Name:
Record your answers on the front page
Student #:
11. [3 marks]
If z = (x
2
+ y
2
) ln(3x + y), then when x = 0 and y = e,
z
x
=
A. 0
B. 1
C. e
2
D. e
E. 3e
12. [3 marks]
If y
2
+ z
2
= xyz + 1, then when x = y = z = 1,
z
y
=
A. 1
B. 0
C. 1
D. 2
E. 2
Page 7 of 14
Name:
Record your answers on the front page
Student #:
13. [3 marks]
If x = 3r + 5s, y = 2r + 3s, and z = x
2
+ y
2
, then when r = s = 1,
z
r
=
A. 64
B. 10
C. 42
D. 68
E. 39
14. [3 marks]
The quantities q
A
and q
B
of goods A and B, which are sold when the respective unit prices of the goods
are p
A
and p
B
, are
q
A
(p
A
, p
B
) = 200 5p
A
+ 10p
B
p
2
B
q
B
(p
A
, p
B
) = 100 6p
A
3p
B
+ p
2
A
The two goods are complementary
A. when p
A
> 3 and p
B
< 5
B. when p
A
> 3 and p
B
> 5
C. when p
A
< 3 and p
B
> 5
D. for no values of p
A
and p
B
E. when p
A
< 3 and p
B
< 5
Page 8 of 14
Name:
Record your answers on the front page
Student #:
15. [3 marks]
The critical point of
f(x, y) = x
2
+ 2xy y
2
2x 6y + 3
is
A. (2, 1), which is a saddle point
B. (2, 1), which is a local max
C. (2, 1), which is a local min
D. (2, 1), but the second derivative test cannot determine its nature
E. not dened, because the partial derivatives are never both zero
Page 9 of 14
Name: Student #:
PART B. WRITTEN-ANSWER QUESTIONS
B1. [13 marks]
At the end of December, 2000, Henry invested $100,000 in an annuity which could be refunded at any
time and which made 20 equal semiannual payments at the ends of June and December from 2001 to
2010 inclusive at 6% compounded semi-annually.
(a) [4 marks]
What was the amount of each payment Henry received from the annuity?
(b) [4 marks]
At the end of 2007, just after the annuitys 14
th
payment, Henry refunded it, that is, sold it back to
the bank for its current value (value at the end of 2007). How much money did he receive?
(c) [5 marks]
At the beginning of 2008, Henry bought as many Acme bonds as he could with the money he received
from the sale of the annuity. An Acme bond had a face value of $1000, 6 semiannual coupons worth
$30 each until maturity at the end of 2010, and an annual yield rate of 7%. How many Acme bonds
could Henry buy?
Page 10 of 14
Name: Student #:
B2. [12 marks]
Given: At the present time, 1800 people pay $9 each to take a commuter train to work. The number of
people willing to ride the train at a price p is given by:
q = 600(6

p)
(a) [4 marks]
At present, is the demand elastic or inelastic?
(b) [2 marks]
By examining
dr
dp
at the present time, determine whether an increase in price will increase or decrease
revenue (r).
(c) [5 marks]
Find the price that should be charged in order to maximize revenue.
(d) [1 mark]
At the price found in c), will an increase in price result in an increase or decrease in revenue? Why?
Page 11 of 14
Name: Student #:
B3. [10 marks]
(a) [4 marks]
Sketch the functions
y =

x 1 and y = x 1
on the axes below, labelling the points of intersection on the graph
(b) [6 marks]
Shade the region(s) between the graphs of the two functions from x = 1 to x = 5 and evaluate the
area of the shaded gure.
[Express your nal answer as a single number.]
Page 12 of 14
Name: Student #:
B4. [10 marks]
Find y(x) explicitly in terms of x such that
dy
dx
= xe
2y
and y(0) = 1.
[You may assume that x is always between e and e.]
Page 13 of 14
Name: Student #:
B5. [10 marks]
Use the method of Lagrange multipliers to nd all critical points of the problem
maximize 4x + y
subject to the contraint x
2
+ xy = 27
[No marks will be given for any other method.] Make sure to specify the values of the Lagrange multiplier.
Page 14 of 14