Exercise 2&3

Q1 f(x) = 4 – 5x g(x) = 2x2 – 5x + 1

Find a) f(0) ; b) g(0) ; c) f(1) ; d) f(–1); e) f(2) – g(–1) ;
f) g(2)/f(2) ; g) [f(2)]2 ; h) f[g(1)] ; i) g[f(2)]

Q2 Expand and simplify the following:

a) 6(x + y) = b) x(5 – y) = c) x(x – y) = d) x(x+y) =

e) 5(x – 2) + x(x + 7) = f) y(5.5 – x) + x(3 + y) = g) 2.1x(2.3 + y) – 0.1x(0.1y – 0.5) =

h) (x + y)2 = i) (x – y)2 = j) (x +y)(x – y) = k) (x + 3)2 =

l) (y – 4)2 = m) (x + 2)(x – 2 – y) = n) (x – y – 3)(y – 5 – x) =

Q3 Expand and simplify the following:

2 5x 6
x( − )=
a) √ x(5−√ x)= b) 3 6 11 c)
6 x 5 y −10
( − )=
( x+ y) 3 x 6
4 3 5x x 3 y x y
( − )( + − )= ( − )2 =
d) y x 6 3 y 4x e) y 2
Q4 Simplify the following:
a) 5(a + b) – (a + b)x = b) 0.3x(x – y) – (x – y) = c) 2x(c + d) – (c + d)(0.3 + 1.7x) =

d) (0.2x – 0.11y)(0.2x – 0.3y) – 0.3x(0.2x – 0.3y) = e) 4x3 – 3x2 – x =

f) (0.3x + 0.7c)(0.1x – 0.2c) – (1.9c + 0.7x)(0.3x + 0.7c) g) 3x2y3 – dx4y3 + 0.2x5y2 – by4x3 =

Q5 Find intervals of x which satisfy the following:

a) 3x + 11 ≥ 3 + 5x b) x2 + 13x – 3 ≤ 5(x – 3) c) 3 – x3 + 8x2 + x < 2x2 + 3 + 9x

Q6 Find the intervals where i) f(x) ≥ 0 and ii) f(x) < 0 for the following:
2
x 2 −3 x−10
2
2 x −x−6 x +4 x −12
f (x )= f (x )= f (x )=
a) x b) x2 c) ( x−3 )(x +1 )2
Q7 Given a firm has the demand function p = 70 – 3x, and the total cost function C(x) = 300 + 10x,
where x is the number of units produced, find:

a) an expression for the profit function in terms of x.

b) the value(s) of x for which the firm breaks even.

Q8 Given a firm has the demand function P = 50 – 2x, and the total cost function C(x) = 200 + 10x,
where x is the number of units produced, find:

a) an expression for the profit function in terms of x.

b) the value(s) of x for which the firm breaks even.

Q9 Given the demand function 3Q + P = 29 and the average cost function AC = 30/Q + 10,

a) Find an expression for the profit function.

b) Find the value(s) of Q for which the firm breaks even.
c) Find the value(s) of Q for which the firm makes a loss of 44 units.

Q10 Given that fixed costs are 3 and that variable costs are (2 + Q) per unit, express total cost (TC) and
average cost (AC) as functions of Q.

Q11 A factory has the following production cost function for its product: C(x) = 500 +3x + 4x 2. What is
the fixed cost, average cost, total variable cost, average variable cost and per unit variable cost?

Q12 A company which makes computers has the following cost curve:

C(x) = 24x + 21900 ; where C(x) is the cost (in $) of producing x computers.

The number of computers the company can sell, depends on the price, $ p, of computers.

The price demand function is x = 1000 – 5p

a. What are the fixed costs and per unit variable costs respectively?

b. Rewrite the price demand function. Express p in terms of x.

c. Express the revenue and profit functions in terms of x respectively.

Q13 Given that fixed costs are 11 and that variable costs are (5 + 3x + x 2) per unit, express total
variable cost (TVC), total cost (TC) and average cost (AC) as functions of x.

Q14 Given a firm has the total cost function C(x) = 180 + 21x, and the demand function for its product
p
x=30−
is 3 , and where p is the price of the product and x is the number of units produced, find:
a) an expression for the profit function in terms of x.
b) the value(s) of x for which the firm breaks even.
Q15 Find intervals of x which satisfy the inequalities of f(x) given f(x) as follows:

a) f(x) = (x – 3)(x + 1) where i) f(x) > 0 and where ii) f(x) ≤ 0

b) f(x) = (x – 4)(3x – 4) where i) f(x) < 0 and where ii) f(x) ≥ 0

c) f(x) = 6x2 – 5x + 1 where i) f(x) > 0 and where ii) f(x) ≤ 0

d) f(x) = 15 – 2x – x2 where i) f(x) < 0 and where ii) f(x) ≥ 0

x 2 −x−6
e) f(x) = x−2 where i) f(x) > 0 and where ii) f(x) ≤ 0
2
x −25
2
f) f(x) = x +4 x−12 where i) f(x) < 0 and where ii) f(x) ≥ 0

x 2 −4 x+3
g) f(x) = x−7 where i) f(x) > 0 and where ii) f(x) ≤ 0

(3 x −2)(−x 2 +4 x+21 )
h) f(x) = x 2 −11 x+18 where i) f(x) < 0 and where ii) f(x) ≥ 0
2
−x + 3 x +10
2
i) f(x) = x +3 x−18 where i) f(x) > 0 and where ii) f(x) ≤ 0
2
x +2 x −2
2
j) f(x) = x −2 x−3 where i) f(x) > 0 and where ii) f(x) ≤ 0