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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.
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Questions + Answers key
Take MCQ Business Maths and Statistics Test

1.
The marginal cost function of a product is given by \(\frac { dC }{ dx } \) = 100 −10x + 0.1x2 where x is the output. Obtain the total and the average cost function of the firm under the assumption, that its fixed cost is Rs. 500.
2.
A company receives a shipment of 200 cars every 30 days. From experience it is known that the inventory on hand is related to the number of days. Since the last shipment, I(x)=200 − 0.2x. Find the daily holding cost for maintaining inventory for 30 days if the daily holding cost is Rs. 3.5
3.
The rate of new product is given by f (x) = 100 − 90 e−x where x is the number of days the product is on the market. Find the total sale during the first four days. (e–4 = 0.018)
4.
The marginal cost function of manufacturing x shoes is 6 +10x − 6x2. The cost producing a pair of shoes is Rs. 12. Find the total and average cost function.
5.
Using integration, find the area of the region bounded by the line y −1 = x, the x axis and the ordinates x = –2, x = 3.
1.
Given marginal cost function
\(MC=\frac { dc }{ dx } =100-10x+0.1{ x }^{ 2 }\)
\(\Rightarrow C=\int { (100-10x+0.1{ x }^{ 2 })dx } \)
\(\Rightarrow C=100x-\frac { { 10x }^{ 2 } }{ 2 } +\frac { { 0.1x }^{ 3 } }{ 3 } +k\) ...(1)
Given fixed cost is Rs. 500 ⇒ k = 500
∴ (1) becomes,
\(C=100x-5{ x }^{ 2 }+\frac { { 0.1x }^{ 3 } }{ 3 } +500\)
Average cost function
\(AC=\frac { C }{ x } =\frac { 100x-{ 5x }^{ 2 }+\frac { { 0.1x }^{ 3 } }{ 3 } }{ x } +500\)
\(AC=100-5x+\frac { { 0.1x }^{ 2 } }{ 3 } +\frac { 500 }{ x } \)
2.
Here I(x) = 200 – 0.2x
C1 = Rs. 3.5
T = 30
Total inventory carrying cost = C1\(\int _{ 0 }^{ r }{ I(x) } dx=3.5\int _{ 0 }^{ 30 }{ (200-0.2x) } dx\)
= \(3.5{ \left( 200x-\frac { { 0.2x }^{ 2 } }{ 2 } \right) }_{ 0 }^{ 30 }\) = 20,685
3.
Total sale = \(\int _{ 0 }^{ 4 }{ (100-{ 90 }e^{ -x }) } dx\)
= \({ (100x+90e^{ -x }) }_{ 0 }^{ 4 }\)
= 400 + 90e−4 −(0 + 90)
= 400 + 90(0.018) −90
= 311.62 units
4.
Given,
Marginal cost MC = 6 +10x − 6x2
C = \(\int { MC } dx+k\)
= \(\int { (6+10x-{ 6x }^{ 2 })dx+k } \)
= 6x + 5x2 − 2x3 + k (1)
when x = 2, C = 12 (given)
12 = 12 + 20 −16 + k
k = -4
C = 6x + 5x2 − 2x3 − 4
Average cost = \(\frac { C }{ x } =\frac { 6x+{ 5x }^{ 2 }-2{ x }^{ 3 }+{ 4 } }{ x } \)
= 6 + 5x − 2x2 − \(\frac { 4 }{ x } \)
5.
y-1 = x
| x | 0 | -1 |
| y | 1 | 0 |

Given line is y - 1 = x ⇒ y = x + 1
Given limits are from x = - 2 to 3.
In the diagram, the area from x = - 2 to x = -1 lies below the X-axis and the area from x = -1 to x = 3 lies above the X-axis.
∴ Required Area
\(=\int _{ 2 }^{ -1 }{ -ydx+ } \int _{ -1 }^{ 3 }{ ydx } \)
\(=-\int _{ -2 }^{ -1 }{ ydx } +\int _{ -1 }^{ 3 }{ ydx } \)
\(=\int _{ -1 }^{ -2 }{ ydx } +\int _{ -1 }^{ 3 }{ ydx } \left[ \because \int _{ a }^{ b }{ f(x)dx=-\int _{ b }^{ a }{ f(x)dx } } \right] \)
\(=\int _{ -1 }^{ -2 }{ (x+1)dx+\int _{ -1 }^{ 3 }{ (x+1)dx } } \)
\(={ \left( \frac { { x }^{ 2 } }{ 2 } +x \right) }_{ -1 }^{ -2 }+{ \left( \frac { { x }^{ 2 } }{ 2 } +x \right) }_{ -1 }^{ 3 }\)
\(=\left( \frac { 4 }{ 2 } -2 \right) -\left( \frac { 1 }{ 2 } -1 \right) +\left( \frac { 9 }{ 2 } +3 \right) -\left( \frac { 1 }{ 2 } -1 \right) \)
\(=(2-2)-\left( -1\frac { 1 }{ 2 } \right) +\left( \frac { 15 }{ 2 } \right) -\left( -\frac { 1 }{ 2 } \right) \)
\(=0+\frac { 1 }{ 2 } +\frac { 15 }{ 2 } +\frac { 1 }{ 2 } =\frac { 17 }{ 2 } \) sq.units.
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