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Published on: 21/09/2019
Applications of Differentiation
Download Tamil Nadu 11th Standard Business Maths and Statistics question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
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Take MCQ Business Maths and Statistics Test

1.
If f(x,y) = 3x2 + 4y3 + 6xy - x2y3 + 6. Find fyy(1,1)
2.
If f(x,y) = 3x2 + 4y3 + 6xy - x2y3 + 6. Find fx(1, -1)
3.
If y=x-1/x, prove that y is a strictly increasing function for all real vaules of x(x\(\neq\)0).
4.
The demand function for a commodity is \(p={4\over x}\), where p is unit price. Find the instantaneous rate of change of demand with respect to price at p = 4. Also interpret your result.
5.
Find the maximum and minimum values of x3-6x2+7
6.
Prove that 75-12x+6x2-x3 always decreases as x increases.
7.
The cost function of a firm is \(C={1\over3}x^3-3x^2+9x\). Find the level of output (x > 0) when average cost is minimum.
8.
If f (x, y) = 3x2 + 4y3 + 6xy - x3y3 + 7 then show that fxy (1, 1) = 18.
9.
Find the equilibrium price and equilibrium quantity for the following functions. Demand: x = 100 – 2p and supply: x = 3p – 50
10.
Find the price elasticity of demand for the demand function x = 10 – p where x is the demand and p i the price. Examine whether the demand is elastic, inelastic or unit elastic at p = 6.
1.
Given f(x, y) =3x2+4y3+6xy-x2y3+6
Differentiating 'f' partially w.r.t. 'y' we get
fy(x,y) = 0+ 12y2+6x(1)-x2(3y2)+0
=12y2+ 6x - 3x2y2
Differentiating again partially w.r.t. 'y' we get,
fy(x, y) =24y + 0 - 3x2(2y) = 24y - 6x2y
\(\therefore\)fyy(1, 1)= 24(1) - 6(12)(1) = 24 - 6 = 18
2.
Given f(x, y) =3x2+4y3+6xy-x2y3+6
Differentiating partially w.r.t. 'x' we get,
fx(x, y)=6x + 0 + 6y(1) -y3(2x) + 0
=6x + 6y- 2xy3
\(\therefore f_x(1,-1)=\) 6(1) +6(-1)-2(1)(-1)3
= 6-6+2
= 2
3.
Given y=x-1/x
Differentiating w.r.t.'x' we get,
\({dy\over dx}=1+{1\over x^2}>0\) for all real values of x, except x=0
\(\therefore \) y is a strictly increasing function for all real values of x(x\(\neq\)0)
4.
\(p={{4\over x}}\)
\(⇒\ x={4\over p}\)
∴ \({dx\over dp}=-{4\over p^2}\)
At p = 4, \({dx\over dp}=-{1\over 4}=-0.25\)
∴ Rate of change of demand with respect to the price at p = Rs.4 is -0.25
Interpretation:
When the price increases by 1% from the level of p = Rs. 4, the demand decreases (falls) by 0.25%.
5.
Let y=x3-6x2+7
Differentiating w.r.t. 'x' we get,
\({dy\over dx}=3x^2-12x\)
\({dy\over dx}=0\)
\(\Rightarrow3x^2-12x=0\)
\(\Rightarrow3x(x-4)=0\)
\(\Rightarrow x=0 \ or \ x=4\)
\({d^2y\over dx^2}=6x-12\)
when x=0 \({d^2y\over dx^2}=-12<0\)
\(\therefore \) y is maximum at x=0
\(\therefore \) maximum value=03-6(0)2+7=7
when x=4, \({d^2y\over dx^2}=-6(4)-12=12>0\)
\(\therefore \) y is minimum at x=4
\(\therefore \) Minimum value =44-6(4)2+7=64-96+7=-25
Hence maximum value is 7 and minimum value is -25.
6.
Let y= 75-12x+6x2-x3
Differentiating w.r.t. 'x' we get,
\({dy\over dx}=0-12+12x-3x^2=-3(x^2-4x+4)=-3(x-2)^2\)
\(\Rightarrow{dy\over dx}\le 0\) for all \(x \in (-\infty , \infty)\)
\(\therefore \) y decreases as x increases.
7.
We know that average cost [AC] is minimum when average cost [AC] = marginal cost [MC].
Cost: \(C={1\over3}x^3-3x^2+9x\)
AC = \({1\over3}-3x^2+9\) and MC = x2 - 6x + 9
Now, AC = MC ⇒ \({1\over 3}x^2-3x+9-x^2-6x+9\)
⇒ 2x2 - 9x = 0 ⇒ \(x={9\over 2}\) unit (∵ x > 0)
8.
f(x, y) = 3x2 + 4y3 + 6xy - x3y3 + 7
\(\frac{\partial f}{\partial y}=f_y=12 y^2+6 x-3 x^2 y^2 \)
\(\frac{\partial^2 f}{\partial y^2}=f_{y y}=24 y-6 x y^2 \)
\(\therefore f_{yy}(1,1)=24-6=18\)
Hence proved.
9.
At equilibrium, demand = Supply
\(\Rightarrow\) 100 - 2p = 3p - 50
\(\Rightarrow\) 150 = 5p
\(\Rightarrow\) p = 30
Equilibrium price is PE = 30
x = 100 - 2p
= 100 - 60 = 40
x = 40
\(\therefore\) Equilibrium quantity is xE = 40 units.
10.
x = 10 - p
\(\frac { dx }{ dp } \) = -1
Elasticity of demand nd = \(\frac { -p }{ x } .\frac { dx }{ dp } \)
\(\Rightarrow\) nd = \(\frac { -p }{ 10-p } (-1)=\frac { p }{ 10-p } \)
At p = 6, nd \(=\frac { 6 }{ 4 } =\frac { 3 }{ 2 } > 1\) = |nd| = 1 = elastic
Hence the demand is elastic.
11th Standard Syllabus & Materials
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Tamilnadu Stateboard 11th Standard Subjects

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Commerce

Economics

Biology

Business Maths and Statistics

Accountancy

Computer Science

Physics

Chemistry

Maths

Biology

Economics

Physics

Chemistry

History

Business Maths and Statistics

Computer Science

Accountancy

Computer Applications

History

Computer Technology

Commerce

Computer Applications

Computer Technology

Tamil

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