MOCK TEST 2

Question 1 (20 marks). Consider the function:

m - cos x if x  0;
f  x  
 x  1 if x  0.
a) Determine the value of m such that f  x  is continuous at x  0.

b) Find the derivative f   0  if exists with m found in a).

Question 2 (25 marks). A manufacturer estimates that when x units of a particular

commodity are produced, the total cost will be C  x   2 x3  36 x 2  210 x  200 and the

P
demand function is given by x  656  , where P is the price per unit.
2
a) Calculate the elasticity of the total revenue when x  200 . Interpret your answer.
b) Find the level of x that minimizes the cost. Calculate the cost at this level of x.
c) Find the marginal profit when x = 150. Interpret your answer.
Question 3 (25 marks).


  3x  1 e
2 x
a) Evaluate dx
0

b) Given the demand and supply functions

P  D  x    x 2  4 x  31 and P  S  x   x 2  8 x  17 .

Find the consumer’s surplus and the producer’s surplus at the equilibrium point.
arctan x  sin x
Question 4 (10 marks). Using L’Hospital rule to find the limit: lim x 0 .
x  sin x
Question 5 (20 marks).

a) The marginal cost of producing x units of a product is given by MC  x   x3 . x 2  1.

The fixed cost is 7800. Find the cost function.

b) Records indicate that t months after the beginning of the year, the price of
ground beef in local supermarkets was P  t   0.09t 2  0.2t  4 dollars per pound.
What was the average price of ground beef during the first 3 months of the year?

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