LANDMARK POLYTECHNIC

AYETORO/ITELE OGUN STATE

CLASS: ND I SECOND

CODE: BAM 122

COURSE TITTLE: BUSINESS MATHS II
DEPT: ACCOUNTANCY & BUS. ADMIN.

INSTRUCTION: ATTEMPT QUESTION ONE AND ANY OTHER THREE

QUESTIONS

1). Given a perfect firm price of a particular product in terms of its output as:
P = 250 – 2q and its Total Cost as TC = 10q + 500.
Required, determine:

i. The Total Revenue

ii. The Marginal Revenue
iii. The Marginal Cost
iv. The Output that maximizes profit
v. The Average Revenue
vi. The Average Cost
vii. The Total Profit
viii. The Profit Per Unit

2a). What is Differentiation?

b. Differentiate the following:
i. y = 5x3 – 3x + 10
ii. y = 9x3 + 10x-2 + 15x – 100
iii. y = 4p3 – 10p2 +2000
c. Find the third derivative of y = 3x5 – 7x-3 + 10x2 + 15 at x= 2

3a). Solve the two variables linear programming model and determine the product mix quantity (X 1 and X2) for
maximum profit.
Objective Function:
Max: P = 70X1 + 50X2
Subject to:
4X1 + 3X2 ≤ 240
2X1 + X2 ≤ 100
Non Negativity:
X1, X2 ≥ 0

4a) Evaluate the following:

i. ∫ (x3-x+2)dx
ii. ∫(5x4-x3+10x)dx
iii∫(3x2-6x2+100)dx
b. Define Integration
5a). Given the word: NUMBERS, How many different arrangement can be made by taking:

i. Five letters
ii. All of the letters of the word ‘ NUMBERS’

b. Find the number of permutation that are possible in the word STATISTICS.
c. Explain the meaning of ‘Permutation’ in mathematics