Final Exam 2021-2022

Fall
COBA

Course Title Mathematics for Business

Course Code 0509102

Day & Date Tuesday 31/05/2022

Period 120 minutes

Student Name
Student I.D

Section #

Time allowed: 120 minutes

Total Marks: 40 Marks

CLO No. CLO’s Score Student’s Score

CLO 2 (Q1&Q2) 7
CLO 3 (Q3&Q4) 11
CLO 4 (Q5&Q6) 12
CLO 5 (Q7&Q8) 10
Total 40

‫ مجرد حيازة هاتف أو أي أجهزة ألك ترونية أخرى تعتبر محاولة غش‬:‫تنبيه‬

Q1. a)
Note: There are 7 questions and 5 different pages.

Q1. (CLO 2\ 6 marks)

The demand and supply functions respectively are

𝑃 = − 𝑄 + 28
1
𝑃 = 𝑄 + 12
3
Calculate the equilibrium price and quantity.

Q2. (CLO 2\ 3 marks)

Hamad wants to invest AED 500,000 in a bank at a rate of 4.75%. Find the total amount
in his account after 6 years if the interest is compounded monthly.

Q3. (CLO 3\ 5 marks)

Write the equation (in the slope intercept form) of the line that passes through (−2,0) and
parallel to the line 2x + 6y = 7.
Q4. (CLO 4\ 6 marks)

Given the demand function P = 30 − 2Q and if the fixed costs are 2500, the cost per unit
is 3.

Find 𝑇𝑜𝑡𝑎𝑙 𝑐𝑜𝑠𝑡: TC

Find 𝑇𝑜𝑡𝑎𝑙 𝑟𝑒𝑣𝑒𝑛𝑢𝑒: TR

What is the maximum value of the total revenue TR?

Q5. (CLO 4\ 6 marks)
Maximize P = 6x + 7y
Subject to the constraint

5x + 2y ≤ 20
x ≥ 0, y ≥ 0
Q6. (CLO 5, 4+3 marks)
a) Simplify the following:
−52 x3y3
1) =
15x3y8

2) (3r0)0 + 3 =
1
b) Show that the production function Q(k, l) = 3 [ K5L5]3 is homogeneous and displays
increasing returns to scale.

Q7. (CLO 5, 3+4 marks)

a) Use the rules of logs to express the following as a single log in simplest form:
logb(x3Z) − 3 logb x =

b) If logb 5 = x, and logb 7 = y, express the following in terms of 𝑥 and y

a) logb 1.4 =

b) logb35 =

End of Examination