11th Standard Syllabus & Materials
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Published on: 13/05/2022
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Take MCQ Business Maths and Statistics Test

1.
For the production function P= 5(L)0.7(K)0.3.Find the marginal productivities of Labour (L) and Capital (K) when L = 10, K = 3 [Use (0.3)0·3 = 0.6968; (3.33)0·7 = 2.2322]
2.
Find the maximum and minimum values of the function x2 + 16/x
3.
Separate the intervals in which the function x3 + 8x2 + 5x - 2 is increasing or decreasing.
4.
Show that the function x3 + 3x2 + 3x + 7 is an increasing function for all real values of x.
5.
Find the stationary points and stationary values of the function f(x) = x3 - 3x2 - 9x + 5.
1.
Given P= 5(L)0.7(K)0.3
Marginal Productivity of Labour (L) is
\({∂P\over ∂L}=5(0.7)(L)^{0.7-1} (K)^{0.3 }= 3.5(L)^{-o·3} (K)^{0.3} = 3.5\left(K\over L\right)^{0.3}\)
When L = 10 and K = 3,
\(\frac { \partial P }{ \partial L } =3.5\left( \frac { 3 }{ 10 } \right) ^{ 0.3 }=3.5(0.3)^{ 0.3 }=3.5\times 0.6968\)
= 2.438 = 2.44
\({∂P\over ∂L}=5(L)^{0.7} (0.3)(K)^{0.3-1 }= 1.5(L)^{0.7}(K)^-{0.7} = 1.5\left(L\over K\right)^{0.7}\)
When L= 10 and K=3,
\({∂P\over ∂L}=1.5\left(10\over3\right)^{0.7}=1.5(3.33)^{0.7} = 1.5(2.2322) = 3.481 = 3.48\)
2.
Let y = x2 + 16/x
Differentiating w.r.t. 'x'we get,
\({dy\over dx}=2x-{16\over x^2}\)
Con diittiion for maxi.ma and rmminmimmaa is \({dy\over dx}=0\)
\(2x-{16\over x^2}=0\)
\(⇒2x={16\over x^2}⇒x^2={16\over 2}\)
⇒ x3 = 8 = 23
⇒ x=2
Also, \({d^2y\over dx^2}=2+{32\over x^3}\)
when x = 2, \({d^2y\over dx^2}=2+{32\over 8}=2+4=6>0\)
∴ y is minimum when x = 2
∴ Minimum value
= 22 + \(16\over 2\)=4+8=12
and there is no maximum.
3.
Let y = x3+8x2+5x-2
Differentiating w.r.t. 'x' we get
\({dy\over dx}=3x^2+16x+5\)
\({dy\over dx}=0⇒3x^2 + 16x + 5=0\)
⇒ (x+5)(3x+1)=0
⇒ x = - 5, -1/3
The possible intervals are (-∞, - 5), (-5, -1/3) and (-1/3, ∞)
| Intervals | Sign of \(dy\over dx\) | Nature of Function |
|---|---|---|
| (-∞, - 5) say x = - 6 | 3(-6)2 + 16(-6) + 5 = 17 (Positive) | Increasing Function |
| (-5, -1/3) say x = -1 | 3(-1)2 + 16(-1) + 5 = - 8 (Negative) | Decreasing Function |
| (-1/3, ∞) say x = 0 | 3(0)2 + 16(0) + 5 = 5 (Positive) | Increasing Function |
Hence the given function is increasing in the intervals (-∞, - 5), (-1/3, ∞) and decreasing in (-5, -1/3).
4.
Let y = x3 + 3x2 + 3x + 7
Differentiating w.r.t. 'x' we get,
\({dy\over dx}=3x^2 + 6x + 3\)
= 3(x2 + 2x + 1)
= 3 (x + 1)2
\(\frac { dy }{ dx } >0\) for all real values of x.
\(\therefore\) y is an increasing function for all real values of x.
5.
Given f(x) = x3-3x2-9x+5
Differentiating w.r.t. 'x' we get,
f'(x) = 3x2-6x-9
At stationary points,f'(x) = 0
∴ 3x2 - 6x - 9 = 0
⇒ x2-2x-3 = 0 (Divided by 3)
⇒ (x + 1)(x - 3) = 0
The stationary points are obtained when x = -1, x = 3
when x = -1, f(-1) = (-1)3 - 3(-1)2 - 9(-1) + 5 = 10
when x = 3, f(3) = (3)3 - 3(3)2 - 9(3) + 5 = - 22
∴ The stationary values are 10 and - 22 and the stationary points are (-1, 10) and (3, - 22).
11th Standard Syllabus & Materials
11th Standard
TN 11th Tamil பீடு பெற நில் - செய்யுள் - காவடிச்சிந்து Important Questions And Answers Study Material - QB365 Set A
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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

English

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Tamilnadu Stateboard Standards