NATIONAL ECONOMICS UNIVERSITY THE MID-TERM EXAM 1

DEPARTMENT OF FUNDAMENTAL MATHEMATICS Fintech, Intake 62

Subject: Mathematics for Economics
Date: 25 /6/2021
Duration of test: 60 minutes

In the following questions, the value of the parameter a is 2 3 4 5

Exercise 1: (2 points) A monopoly company produces a product with Q output and whose demand
1
function is p=300− Q . Find the price elasticity of demand at p=10 ⋅ a and interpret the economic
a
significance of the your result.

Exercise 2: (2 points) The short-run production function of an enterprise is: , where

Q is the output, L is the unit of labor. Find the marginal output at L = 64 and explain the economic
meaning of the obtained result.

Exercise 3: (2 points) Consider a monopolist’s maginal revenue function where

is quantity of product. The monopolist’s total cost function is .

Determine the level of output at which the monopolist should produce in order to maximize her
profit. What is the optimal price that corresponds with this optimal quantity?

Exercise 4: (2 points) Evaluate the improper integral: .

Exercise 5: (2 points) Use the definition to find the partial derivatives f 'x ( 0,0 ) , f 'y (0,0) of the following

{
ay ( 3 x −5 y )
2 2
2 2
, if x + y ≠ 0
function: f ( x , y )= 2
x +y
2

2 2
0 if x + y =0

Note: - Cell phone and documents are not allowed to

use,
- Test questions and your answers are
submitted together.
 NATIONAL ECONOMICS UNIVERSITY THE MID-TERM EXAM 1
DEPARTMENT OF FUNDAMENTAL MATHEMATICS Fintech, Intake 62
Subject: Mathematics for Economics
Date: 25 /6/2021
Duration of test: 60 minutes

Note: - Cell phone and documents are not allowed to

use,
- Test questions and your answers are
submitted together.