11th Standard Syllabus & Materials
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Published on: 09/10/2019
Mathematical Methods for Economics
Download Tamil Nadu 11th Standard Economics 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.
Questions + Answers key
Take MCQ Economics Test

1.
Given the total cost function, TC = 20 + \(5{ Q }^{ 2 }+{ 3Q }^{ 3 }\) derive the marginal cost function.
2.
Given the total cost function, TC = 15 + \(3{ Q }^{ 2 }+{ 7Q }^{ 3 }\) derive the marginal cost function.
3.
Differentiate the function y = 3x2 + 16x3 with respect to x.
4.
The market demand curve is given by D = 50 - 5P. Find the maximum price beyond which nobody will buy the commodity.

5.
Write a short note on MS Excel work sheet.
6.
Integrate: \({ 4x }^{ 5 }+{ 6x }^{ 3 }+\frac { 2 }{ x } x\)
7.
The demand and supply curves are given by \({ p }_{ d }=\frac { 16 }{ x+4 } and\ { p }_{ s }=\frac { x }{ 2 } \) Find the consumer's surplus and Producer's surplus at the market equilibrium price.
8.
What are the steps involved in executing a MS Excel sheet
9.
If TC = 2.5q3 - 13q2 + 50q + 12 derive the MC function and AC function.
1.
\(TC=20+5{ Q }^{ 2 }+{ 3Q }^{ 3 }\)
\(MC=\frac { d(20) }{ dQ } +\frac { d({ 5Q }^{ 2 }) }{ dQ } +\frac { d(3Q^{ 3 }) }{ dQ } \)
\(=0+5\times 2\quad { Q }^{ 2-1 }+3(3)\quad { Q }^{ 3-1 }\)
\(=0+10Q+9{ Q }^{ 2 }\)
\(MC=10Q+{ 9Q }^{ 2 }\)
2.
\(TC=15+3{ Q }^{ 2 }+{ 7Q }^{ 3 }\)
\(MC=\frac { d(15) }{ dQ } +\frac { d({ 3Q }^{ 2 }) }{ dQ } +\frac { d(7Q^{ 3 }) }{ dQ } \)
\(=0+3(2)\quad { Q }^{ 2-1 }+7(3)\quad { Q }^{ 3-1 }\)
\(MC=6Q+{ 21Q }^{ 3 }\)
3.
y = 3x2 + 16x3
Differentiating,
\(\frac{dy}{dx}=3(2)x^{2-1}+16(3)x^{3-1}\)
= 6x1 + 48x2
\(\frac{dy}{dx}=6x+48x^{2}\)
4.
Given
Qd = 50 - 5P
5P = 50 - Qd
5P = 50 when Qd is zero.
\(p=\frac { 50 }{ 5 } \)
P = 10
When P = 10, Demand is 0
Hence P = 10, which is the maximum price beyond which nobody will demand the commodity.
5.
A worksheet is a table like document containing rows and columns with data and formula. There are Four kinds of calculation operators. They are
i) arithmetic
ii) comparison
iii) text concatenation(link together) and
iv) reference
6.
\(I=\int { \left( { 4x }^{ 5 }+6{ x }^{ 3 }+\frac { 2 }{ 3 } x \right) } dx\)
\(=4\left[ \frac { { x }^{ 6 } }{ 6 } \right] +6\left[ \frac { { x }^{ 4 } }{ 4 } \right] +\frac { 2 }{ 3 } \left[ \frac { { x }^{ 2 } }{ 2 } \right] +c\)
\(I=\left( \frac { { 2x }^{ 5 } }{ 3 } +\frac { { 3x }^{ 4 } }{ 2 } +\frac { { x }^{ 2 } }{ 3 } \right) +c\)
7.
For Market equilibrium
Quantity demanded = Quantity supplied
\(\frac { 16 }{ x+4 } \frac { x }{ 2 } \)
\(x(x+4)=16\times 2\)
\({ x }^{ 2 }+4x=32\)
\({ x }^{ 2 }+4x-32=0\)
\((x-4)(x-8)=0\)
\(x=4;x=-8.\)
\(but\quad x=-8\quad is\text { in admissible.}\)
\(\therefore x=4(i.e.,){ x }_{ 0 }=4\)
\( { p }_{ 0 }{ x }_{ 0 }=\left[ \frac { 16 }{ 4+4 } \right] \times 4\)
\(=\frac { 16 }{ 8 } \times 4\)
\({ p }_{ 0 }{ x }_{ 0 }=8\)
Consumer Surplus,
\(CS=\int _{ 0 }^{ { x }_{ 0 } }{ f(x)dx-{ p }_{ 0 } } { x }_{ 0 }\)
\(=\int _{ 0 }^{ 4 }{ \frac { 16 }{ (x+4) } dx-8 } \)
\(=16[\log { (4+4)-\log { (0+4)]-8 } } \)
\(=16\left[ \log { \left( \frac { 8 }{ 4 } \right) } \right] -8\)
\({ C }_{ s }=16\log { 2-8\quad units } \)
Producer's Surplus:
\({ P }_{ s }={ P }_{ 0 }{ x }_{ 0 }-\int _{ 0 }^{ { x }_{ 0 } }{ g(x)dx } \)
\(=8-\int _{ 0 }^{ 4 }{ \frac { x }{ 2 } } dx\)
\(=8-\frac { 1 }{ 2 } \int _{ 0 }^{ 4 }{ xdx } \)
\(=8-\frac { 1 }{ 2 } { { { { { \left[ \frac { { x }^{ 2 } }{ 2 } \right] }^{ 4 } }_{ 0 } } } }\)
\(=8-\frac { 1 }{ 4 } [{ \left( 4 \right) }^{ 2 }-(0)]\)
\(=8-\frac { 1 }{ 4 } [16]=8-4\)
\(\therefore { P }_{ s }=4\quad units \)
8.
MS office Excel is used in data analysis by using formula. A spread sheet is a large sheet of paper which contains rows and columns. The intersection of rows and columns is termed as 'cell'. MS Excel 2007 version supports up to 1 million rows and 16 thousand columns per worksheet.
Start:
You can start Excel from various options.
Click Start → Program → Microsoft Excel
Double click the MS Excel Icon from the Desktop.
Worksheet:
A worksheet is a table like document containing rows and columns with data and formula. There are four kinds of calculation operators. They are arithmetic, comparison, text concatenation (link together) and reference. MS Excel helps to do data analysis and data presentation in the form of graphs, diagrams, area chart, line chart.
9.
\(\mathrm{TC} =2.5 \mathrm{q}^{3}-13 \mathrm{q}^{2}+50 \mathrm{q}+12
\)
\(\mathrm{MC} =\frac{\mathrm{d}(\mathrm{TC})}{\mathrm{dq}}
\)
\(=2.5\left(3 \mathrm{q}^{2}\right)-13(2 \mathrm{q})+50(1)+0
\)
\(=7.5 \mathrm{q}^{2}-26 \mathrm{q}+50
\)
\(\mathrm{AC} =\frac{2.5 \mathrm{q}^{3}-13 \mathrm{q}^{2}+50 \mathrm{q}+12}{\mathrm{q}}
\)
\(=2.5 q^{2}-13 q+50+\frac{12}{q}\)
\(\text {Ans: } \mathrm{MC} =7.5 \mathrm{q}^{2}-26 \mathrm{q}+50
\)
\(\mathrm{AC} =2.5 \mathrm{q}^{2}-13 \mathrm{q}+50+\frac{12}{\mathrm{q}}\)
11th Standard Syllabus & Materials
11th Standard
TN 11th Tamil பீடு பெற நில் - செய்யுள் - காவடிச்சிந்து Important Questions And Answers Study Material - QB365 Set A
NEW11th Standard
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NEW11th Standard
TN 11th Tamil மாமழை போற்றுதும் - செய்யுள் - ஐங்குறுநூறு Important Questions And Answers Study Material - QB365 Set A
Tamilnadu Stateboard 11th Standard Subjects

Maths

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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