FOREIGN TRADE FINAL TEST: ADVANCED MATH

UNIVERSITY
Time: 60 minutes.
FACULTY OF BASIC
Class: TOA201(1-1920).3_LT.
SCIENCES
Date: 19th December 2019
Student Name: Student ID:
Notes: This is a closed- book examination; all books, mobile phones, and devices with internet connection
are not allowed to bring to the room.

1 2 0 1
1. Suppose A is the matrix A= [2 4 1 4]
3 6 3 9
a) Find rank(A)
b) Determine the null space of A, the the column space of A.
2. Consider an open economy with three industries: coal-mining operation, electricity-
generating plant and an auto-manufacturing plant. To produce $1 of coal, the mining
operation must purchase $0.1 of its own production, $0.30 of electricity and $0.1 worth
of automobile for its transportation. To produce $1 of electricity, it takes $0.25 of coal,
$0.4 of electricity and $0.15 of automobile. Finally, to produce $1 worth of automobile,
the auto-manufacturing plant must purchase $0.2 of coal, $0.5 of electricity and consume
$0.1 of automobile. Assume also that during a period of one week, the economy has an
exterior demand of $50,000 worth of coal, $75,000 worth of electricity, and $125,000
worth of autos. Find the production level of each of the three industries in that period of
one week in order to exactly satisfy both the internal and the external demands.
(find the aggregate demand vector of three industries)
3. Find the second partial derivatives of f(x,y), where f(x,y) = 𝑙𝑛√𝑥 2 + 3𝑥𝑦
4. Suppose the relationship between the unit price p in dollars and the quantity demanded x
is given by the equation p = - 0.03x + 750, where 0 ≤ 𝑥 ≤ 25,000.
a) Find the revenue function R(x)
b) Compute R’(3,000) and interpret the meaning of this result.
5. A firm produces two goods x and y. Due to a government quota, the firm must produce
subject to the constraint x + y = 42. The firm’s cost function is C(x,y) = 8𝑥 2 − 𝑥𝑦 +
12𝑦 2 . Find x, y to minimize the cost.

Ha Noi, 9th December 2019

Dean

PhD. Phung Duy Quang