GROUP HOMEWORK ASSIGNMENT 4
Group 1
1. Given the following
national-income model:
𝑌 = 𝐶 + 𝐼0 + 𝐺0
𝐶 = 𝐶0 + 𝑐(𝑌 − 𝑇);
(0 < 𝑐 < 1)
𝑇 = 𝑇0 + 𝑡𝑌;
(0 < 𝑡 < 1)
Find 𝑌 ∗ , 𝐶 ∗ , and 𝑇 ∗ using
Cramer’s Rule if 𝐶0 =
30; 𝐼0 = 60, 𝐺0 =
5; 𝑇0 = 20; 𝑐 =
0.75; 𝑡 = 20%.
2. Given the function
𝑦 = 3𝑥 2 + 5, find:
(1) the difference
quotient (as a function
of 𝑥 or 𝑥0 and ∆𝑥) and
the derivative (𝑑𝑦⁄𝑑𝑥 );
(2) 𝑓 ′ (3) and 𝑓 ′ (4).
3. Solve the followings:
(1) 3𝑥 − 2 < 7𝑥 + 2,
(2)|𝑥 + 2| < 4.
4. Write out a variable-cost
of the total-cost function
Group 2
FINDING SOLUTION OF ECONOMIC PROBLEM USING CRAMER’S RULE
1. Let the national-income
model be:
𝑌 = 𝐶 + 𝐼0 + 𝐺
𝐶 = 𝑎 + 𝑏(𝑌 − 𝑇0 );
(𝑎 > 0,0 < 𝑏, 1)
𝐺 = 𝑔𝑌; (0 < 𝑔 < 1)
Find 𝑌 ∗ , 𝐶 ∗ , and 𝐺 ∗ in
reduced-forms using
Cramer’s Rule.
2. Given the function
𝑦 = 𝑥 2 + 5𝑥, find:
(1) the difference
quotient (as a function
of 𝑥 or 𝑥0 and ∆𝑥) and
the derivative (𝑑𝑦⁄𝑑𝑥 );
(2) 𝑓 ′ (3) and 𝑓 ′ (4).
3. Solve the followings:
(1) 2𝑥 − 5 < 𝑥 + 4,
(2)|4𝑥 + 1| < 4.
4. Given the average-
revenue function 𝐴𝑅 =
Group 3
1. Given the following
national-income model:
𝑌 = 𝐶 + 𝐼0 + 𝐺0
𝐶 = 𝑎 + 𝑏(𝑌 − 𝑇);
(𝑎 > 0,0 < 𝑏, 1)
𝑇 = 𝑡𝑌; (0 < 𝑡 < 1)
Find 𝑌 ∗ , 𝐶 ∗ , and 𝑇 ∗ using
Cramer’s Rule if 𝐼0 =
5,000; 𝐺0 = 2,500; 𝑎 =
1,000; 𝑏 = 0,2; 𝑡 =
25%.
DIFFERENCE QUOTIENT AND DERIVATIVE
2. Given the function
𝑦 = 5𝑥 − 3,
(1) find the difference
quotient (as a function
of 𝑥 or 𝑥0 and ∆𝑥) and
the derivative (𝑑𝑦⁄𝑑𝑥 );
(2) what type of function
are your results? What
can you observe?
ABSOLUTE VALUES AND INEQUALITIES
3. Solve the followings:
(1) 3𝑥 − 5 < 2𝑥 + 1,
(2)|𝑥 + 2| > 4.
DIFFERENTIATION WITH SINGLE VARIABLE CASE
4. Given the average-cost
function 𝐴𝐶 = 𝑄2 −
Group 4 Group 5 Group 6
1. A two-commodity 1. A two-commodity 1. Given the following
market model is given: market model is given: national-income model:
𝑄𝑑1 = 18 − 3𝑃1 + 𝑃2 𝑄𝑑1 = 470 − 5𝑃1 − 2𝑃2 𝑌 = 𝐶 + 𝐼0 + 𝐺0
𝑄𝑠1 = −2 + 4𝑃1 𝑄𝑠1 = −60 + 3𝑃1 𝐶 = 𝑎 + 𝑏(𝑌 − 𝑇);
𝑄𝑑2 = 12 + 𝑃1 − 2𝑃2 𝑄𝑑2 = 295 − 𝑃1 − 3𝑃2 (𝑎 > 0,0 < 𝑏 < 1)
𝑄𝑠2 = −2 + 3𝑃2 𝑄𝑠2 = −120 + 2𝑃2 𝑇 = 𝑡𝑌; (0 < 𝑡 < 1)
Find 𝑃𝑖∗ and 𝑄𝑖∗ (𝑖 = 1.2) Find 𝑃𝑖∗ and 𝑄𝑖∗ (𝑖 = 1.2) Find 𝑌 ∗ , 𝐶 ∗ , and 𝑇 ∗ in
using Cramer’s Rule and using Cramer’s Rule and reduced-forms using
substitution. substitution. Cramer’s Rule.
2. Given the function 2. Given the function 2. Given the function
𝑦 = 2𝑥 2 + 3, find: 𝑦 = 4𝑥 2 + 𝑥, find: 𝑦 = 5 + 2𝑥,
(1) the difference (1) the difference (1) find the difference
quotient (as a function quotient (as a function quotient (as a function
of 𝑥 or 𝑥0 and ∆𝑥) and of 𝑥 or 𝑥0 and ∆𝑥) and of 𝑥 or 𝑥0 and ∆𝑥) and
the derivative (𝑑𝑦⁄𝑑𝑥 ); the derivative (𝑑𝑦⁄𝑑𝑥 ); the derivative (𝑑𝑦⁄𝑑𝑥 );
(2) 𝑓 ′ (3) and 𝑓 ′ (4). (2) 𝑓 ′ (3) and 𝑓 ′ (4). (2) what type of function
are your results? What
can you observe?
3. Solve the followings: 3. Solve the followings: 3. Solve the followings:
(1) 3𝑥 − 5 < 4𝑥 + 2, (1) 𝑥 − 2 < 7𝑥 + 5, (1) 2𝑥 + 5 < 3𝑥 − 2,
(2)|𝑥 + 2| ≤ 4. (2)|2𝑥 + 2| < 3. (2)|𝑥 + 2| ≥ 2.
4. Write out a variable-cost 4. Given the average- 4. Given the average-cost
of the total-cost function revenue function 𝐴𝑅 = function 𝐴𝐶 = 𝑄2 −
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 GROUP HOMEWORK ASSIGNMENT 4

Group 1 Group 2 Group 3 Group 4 Group 5 Group 6

3 2 3 2
𝐶 = 𝑄 − 5𝑄 + 12𝑄 + 45 − 3𝑄, find the total- 4𝑄+174, find the total- 𝐶 = 𝑄 − 5𝑄 + 12𝑄 + 20 − 3𝑄, find the total- 5𝑄+12, find the total-
75, then find the deriva- revenue (R) and the cost (C) and the 75, then find the deriva- revenue (R) and the cost (C) and the
tives of both the total- marginal-revenue (MR) marginal-cost (MC) tives of both the total- marginal-revenue (MR) marginal-cost (MC)
cost and variable-cost functions. What can you functions. What can you cost and variable-cost functions. What can you functions. What can you
functions. What can you conclude about the observe about the shape functions. What can you conclude about the observe about the shape
observe? slopes of AR and MR? of AC and MC? observe? slopes of AR and MR? of AC and MC?

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