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Business Mathematics Fall 21 past paper
Business Mathematics Sessional ‘2’ in 2019
(a) Define a Constant Function with an example. Find when .
- Find and when .
- Find critical points of .
Q2. Define Cost, Revenue and Profit functions. Given the scenario below, answer the
questions that follow.
“A manufacturer of bulbs makes two types of bulbs: Regular and Energy Savers. Table
gives data of wholesale prices, material costs per unit and labor costs per unit. Annual
fixed costs are $20,000,000.”
Table:
| Regular | Energy Saver | |
| Wholesale Price per unit | $5 | $15 |
| Material Cost per unit | $1.5 | $6.75 |
| Labor Cost per unit | $1.75 | $2.5 |
- Determine Annual Total Cost function of manufacturing the two types of bulbs.
- Determine the total Revenue function. What will be revenue from sale of
2000 Regular bulbs and 2500 Energy Savers?
- Determine Total Profit function for this manufacturer.
(Don’t forget to mention the formulae you use!)
Good Luck!☺
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