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Published on: 04/06/2021
QB365 provides detailed and simple solution for every Book back Questions in class 12 Business Maths Subject. It will helps to get more idea about question pattern in every book back questions with solution.
Download Tamil Nadu 12th 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.
The demand and supply function of a commodity are pd = 18− 2x − x2 and ps = 2x − 3 . Find the consumer’s surplus and producer’s surplus at equilibrium price.
2.
Find the area of the region bounded by the curve between the parabola y = 8x2 − 4x + 6 the y-axis and the ordinate at x = 2.
3.
A company has determined that marginal cost function for x product of a particular commodity is given by MC = 125 +10x − \(\frac { { x }^{ 2 } }{ 9 } \). Where C is the cost of producing x units of the commodity. If the fixed cost is Rs. 250 what is cost of producing 15 units
4.
If the supply function for a product is p = 3x + 5x2. Find the producer’s surplus when x = 4.
5.
The demand function for a commodity is p = e−x. Find the consumer’s surplus when p = 0.5.
1.
Given Pd = 18− 2x − x2 ; Ps = 2x − 3
We know that at equilibrium prices pd = ps
18− 2x − x2 = 2x – 3
x2 + 4x −21 = 0
(x − 3) (x + 7) = 0
x = –7 or 3
The value of x cannot be negative, x = 3
When x0 = 3
ஃ p0 = 18 − 2(3) − (3)2 = 3
CS = \(\int _{ 0 }^{ { x }_{ o } }{ f(x) } \) dx - x0p0
= \(\int _{ 0 }^{ 3 }{ (18-2x-{ x }^{ 2 }) } \)dx - 3 x 3
= \({ \left[ 18x-{ x }^{ 2 }-\frac { { x }^{ 3 } }{ 3 } \right] }_{ 0 }^{ 3 }\)- 9
= 18(3) - (3)2 - \(\left( \frac { { 3 }^{ 3 } }{ 3 } \right) \) - 9
CS = 27 units
PS = x0P0 - \(\int _{ 0 }^{ { x }_{ o } }{ g(x) } \)
= (3 \(\times\) 3) - \(\int _{ 0 }^{ 3 }{ (2x-3) } \)
= 9 - \(({ { { x }^{ 2 }-3x) } }_{ 0 }^{ 3 }\)
= 9 units
Hence at equilibrium price,
(i) the consumer’s surplus is 27 units
(ii) the producer’s surplus is 9 units.
2.
Given y = 8x2-4x+6
Area \(=\int _{ 0 }^{ 2 }{ ({ 8x }^{ 2 }-4x+6)dx } \)
\(={ \left( \frac { 8x^{ 3 } }{ 3 } -\frac { { 4x }^{ 2 } }{ 2 } +6x \right) }_{ 0 }^{ 2 }\)
\(={ \left( \frac { 8x^{ 3 } }{ 3 } -{ 2x }^{ 2 }+6x \right) }_{ 0 }^{ 2 }\)
\(=\left[ \frac { 8(8) }{ 3 } -2(4)+6(2) \right] -0\)
\(=\frac { 64+12 }{ 3 } =\frac { 76 }{ 3 } \)
Area = \(\frac { 76 }{ 3 } \)sq.units
3.
Given \(MC=125+10x-\frac { { x }^{ 2 } }{ 9 } \)
\(\Rightarrow \int { MC } =\int { \left( 125+10x-\frac { { x }^{ 2 } }{ 9 } \right) } dx\)
\(\Rightarrow C=125x+\frac { { 10x }^{ 2 } }{ 2 } -\frac { { x }^{ 3 } }{ 9\times 3 } +k\)
\(\\ \Rightarrow C=125x+{ 5x }^{ 2 }-\frac { { x }^{ 3 } }{ 27 } +k\)
Given fixed cost is Rs. 250,
When x = 0, C = 250 ⇒ k = 250
\(\therefore C=125x+{ 5x }^{ 2 }-\frac { { x }^{ 3 } }{ 27 } +250\)
When x = 15, C = ?
\(\therefore \ C=125(15)+5{ (15) }^{ 2 }-\frac { { 15 }^{ 3 } }{ 27 } +250\)
\(=1875+1125-\frac { 3375 }{ 27 } +250\)
= 3000-125+250
= Rs. 3125
∴ C = Rs. 3125
4.
Given supply function P = 3x + 5x2 and x = 4.
When x0 = 4, p0 = 3(4)+5(42)
= 12 + 80 = 92
∴ p0x0 = 92 x 4 = 368
Producer's Surplus
\(PS={ p }_{ 0 }{ x }_{ 0 }-\int _{ 0 }^{ x }{ g(x)dx } \)
\(=368-\int _{ 0 }^{ 4 }{ (3x+5{ x }^{ 2 })dx } \)
\(=368-{ \left( \frac { { 3x }^{ 2 } }{ 2 } +\frac { { 5x }^{ 3 } }{ 3 } \right) }_{ 0 }^{ 4 }\)
\(=368-\left( \frac { 3({ 4 }^{ 2 }) }{ 2 } +5\frac { ({ 4 }^{ 3 }) }{ 3 } \right) \)
\(=368-\left( 24+\frac { 320 }{ 3 } \right) \)
= 368-(24+106.66)
= 368-(130.66)
P.S = 237.3 units
5.
Given demand function p = e-x
and p = 0.5
when p0 = 0.5, 0.5 = e-x
⇒ \(\frac{1}{2}=e^-x\)
\(\Rightarrow \frac { 1 }{ 2 } =\frac { 1 }{ { e }^{ x } } \Rightarrow ex=2\)
\(\Rightarrow x=\log 2\)
\(\therefore \ { p }_{ 0 }{ x }_{ 0 }=0.5\ \log 2=\frac { 1 }{ 2 } \log 2\)
Consumer's Surplus
\(=\int _{ 0 }^{ x }{ f(x)dx-{ p }_{ 0 }{ x }_{ 0 } } \)
\(=\int _{ 0 }^{ log2 }{ { e }^{ -x }dx-\frac { 1 }{ 2 } log2 } \)
\(={ \left[ \frac { { e }^{ -x } }{ -1 } \right] }_{ 0 }^{ log2 }-\frac { 1 }{ 2 } log2\)
\(=-{ \left[ { e }^{ -x } \right] }_{ 0 }^{ log2 }-\frac { 1 }{ 2 } log2\)
\(=-\left( { e }^{ -log2 }-{ e }^{ 0 } \right) -\frac { 1 }{ 2 } log2\)
\(=-\left( { e }^{ log\quad \frac { 1 }{ 2 } }-1 \right) -\frac { 1 }{ 2 } log2\)
\(=-\left( \frac { 1 }{ 2 } -1 \right) -\frac { 1 }{ 2 } log2\)
\(=-\left( -\frac { 1 }{ 2 } \right) -\frac { 1 }{ 2 } log2\)
\(\\ =\frac { 1 }{ 2 } -\frac { 1 }{ 2 } log2=\frac { 1 }{ 2 } (1-{ log }_{ e }2)\)
∴ C.S = \(\frac{1}{2}\)[1-loge 2] units
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