Mat133y Final 2013w

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NAME
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STUDENT #: SIGNATURE:

UNIVERSITY OF TORONTO MISSISSAUGA
APRIL 2013 FINAL EXAMINATION-Version A
MAT133Y5Y
Calculus and Linear Algebra for Commerce
Any Wilk, Shai Cohen, Nataliya Laptyeva, Jos Malagon Lopez
Duration - 3 hours
Aids: Calculator Model(s): TI-30X, TI-30XIIS, or TI-30XIIB (any TI-30)

The University of Toronto Mississauga and you, as a student, share a commitment to academic
integrity. You are reminded that you may be charged with an academic offence for possessing any
unauthorized aids during the writing of an exam, including but not limited to any electronic devices
with storage, such as cell phones, pagers, personal digital assistants (PDAs), iPods, and MP3
players. Unauthorized calculators and notes are also not permitted. Do not have any of these
items in your possession in the area of your desk. Please turn the electronics off and put all
unauthorized aids with your belongings at the front of the room before the examination begins. If
any of these items are kept with you during the writing of your exam, you may be charged with an
academic offence. A typical penalty may cause you to fail the course.

Please note, you CANNOT petition to re-write an examination once the exam has begun.

INSTRUCTIONS:
1. There are two parts to this examination:
PART I: MULTIPLE CHOICE 16 questions of equal value (1 mark each).
PART II: Questions of varying value. In each question, you must show your work and write a concluding
statement (in the box provided). A correct answer obtained with false reasoning (or no reasoning) will not
receive any marks.
2. This examination has 24 different pages including this page and the formula sheets on the last two pages.
Make sure your copy of the examination has 24 different pages and sign it at the top.
3. Budget your time. Good Luck!

Continued on page 2
PART I ******************PART II******************
Q1- Q16 Q1 Q2 Q3 Q4 Q5 Q6
Value 16 4 4 4 4 4 4
Score
TOTAL out of 40:
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MAT133Y5Y April 2013 Final examination-A Student number______________________________

*******************************************************************************************

PART I: MULTIPLE CHOICE [Total: 16 marks, 1 mark for each part]

For each question, clearly circle the letter corresponding to your answer
in the MULTIPLE CHOICE ANSWER TABLE provided BELOW .

(ONLY ONE LETTER should be circled for each question).

NO marks for incorrect answers or answers indicated outside the MULTIPLE CHOICE ANSWER TABLE

PART I: MULTIPLE CHOICE ANSWER TABLE

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
A A A A A A A A A A A A A A A A
B B B B B B B B B B B B B B B B
C C C C C C C C C C C C C C C C
D D D D D D D D D D D D D D D D
E E E E E E E E E E E E E E E E

NO marks for incorrect answers or answers indicated outside the MULTIPLE CHOICE ANSWER TABLE

********************************************************************************************

Continued on page 3
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PART I: MULTIPLE CHOICE (continued) [Total: 16 marks, 1 mark for each part]
For each question clearly circle the letter corresponding to your answer, in the MULTIPLE CHOICE ANSWER
TABLE provided on page 2.

1. You have the opportunity to invest $3000 in a friend's business such that you will be repaid $4500 in 6 years. If
you instead want to put the $3000 into a savings account, what interest rate compounded continuously would be
needed to equal the investment?

A) 0.56% B) 6.78% C) 6.99% D) 7.10% E) none of these

2. A debt of $1000 due 4 years from now and $1500 due 6 years from now, is instead to be paid off by a single
payment 5 years from now. How much is the payment if an interest rate of 8.4% compounded monthly is assumed?

A) $2466.86 B) $2500.00 C) $2000.00 D) $2467.76 E) none of these

Continued on page 4
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MAT133Y5Y April 2013 Final examination-A


3. If
0 1 0
1 2 1
1 1 0
R
(
(
=
(
(

, then
1
R
=

A)
2 1 2
1 1 3
4 2 2
(
(
(
(

B)
1 0 3
1 2 4
0 1 6
(
(
(
(

C)
1 0 1
1 0 0
1 1 2
(
(
(
(

D)
1 0 1
1 0 0
1 1 1
(
(
(
(

E) none of these

4. Given that
1 3
2 4
Q
(
=
(

,
3 1
Q Q
will be

A)
7 15
10 22
(
(

B)
1 9
2 16
(
(

C)
3 1
Q Q
doesnt exist D)
1 3
2 4
(
(

E) none of these

Continued on page 5
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5. If
4 2
2
2 3 1
( )
5 1
x x x
f x
x x
+ +
=
+ +
then

A) lim ( ) 1
x
f x
= B) lim ( )
x
f x
= C) lim ( ) 2
x
f x
=
D) lim ( )
x
f x
= E) none of these

6. If
2 3
3 3 c q q q = + is a cost function, then marginal cost will be increasing when

A) 0 q B) 1 q > C) 0 1 q < D) 2 q > E) none of these

Continued on page 6
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7. How many points of discontinuity (if any) does the function
1
if 1
( )
2 if 1
x
f x x
x
>
have?

A) 2 B) 1 C) 0 D) infinitely many E) none of these

8. For
3 2
( ) 3 9 6 f x x x x = + + , on the interval [-6, 2] where does the absolute minimum occur? Give the x
component.

A) x = 1

B) x = -3

C) x = -6

D) x = 2

E) none of these

Continued on page 7
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9. The equation of the tangent line to the curve given by
3 2
1 x xy y + + = at the point (-1, 1) is given by

A) 4 3 y x = + B)
3
4
x
y
+
= C)
3
4
4
y x = + D) 4 3 y x = E) none of these

10. The integral
2
1
2
2 3
3
x
dx
x x

A) 4ln2 B)
1
(4 3ln 2)
2
C) 0 D)
5
e E) none of these

Continued on page 8
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11. The area of the region enclosed by
2
4 y x x = and the x -axis, is

A)
1
4
B)
32
3
C) 0 D)
3
2
E) none of these

12. The improper integral
2
3
(2 1)
dx
x

A) diverges to - B) equals
1
5
C) equals
1
10
D) diverges to E) none of these

Continued on page 9
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13. The demand function for a manufacturer's product is given by p = 20 - 0.02q, where p is the price per unit when
q units are demanded. The point elasticity of demand , when q = 100 is

A)
2500
9
B)
13
2
C)
9
2500
D)
2
13
E) 9

14. How many critical points does
4 2
( , ) 2 2 f x y x y xy = + have?

A) exactly one B) none C) exactly 2 D) exactly 3 E) none of these

Continued on page 10
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15. Given
2
1 x
w
y x
=
+
, x s t = + and y st = , then
w
s
when s = t = -1 will be

A)
6
25
B)
10
25
C) 0 D)
10
25
E) none of these

16.
2
2
0 0
x
x y dydx

is equal to

A)
3 2
2
B) 2 C)
2
2
D)
4
3
E) none of these

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PART II: You must show your work and write a concluding statement (in the box provided).

Question 1 [Total: 4 marks]

Suppose you establish a sinking fund by putting $200 into an account now, followed by monthly payments into the
account as follows:
- $50 at the end of each month for 8 years.
- followed by $150 at the end of each month for 6 more years.

Given that the APR is 6% compounded monthly, how much will the accumulated amount be in 14 years?
Round your final answers to the nearest dollar.

Answer for Question 1: Round your answer to the nearest dollar.


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This page is intentionally left blank. Use it for rough work.

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An investment firm offers 3 stock portfolios, A, B, and C. The number of blocks of each type of stock in each of
these portfolios is summarized in the following table:

A B C
High risk 0 3 3
Moderate risk 6 3 3
Low risk 1 5 3

A client wants 21 blocks of high-risk stock, 27 blocks of moderate-risk stock, and 30 blocks of low-risk stock. How
many of each portfolio, A, B, and C should be suggested?

Answer for Question 2: Write a concluding sentence.


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The demand equation for a product is given by
30
6
2
p
q
= +
+
(in dollars), and the supply equation is
1
3
4( 1) q p =
(in dollars), with the equilibrium point ( )
0 0
( , ) 8, 9 q p = .
Calculate consumers surplus (CS) and producers surplus (PS) under market equilibrium.
Round your answer to two decimals.

Answer for Question 3: Round your answer to two decimals


CS = $

PS = $
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Given: ( )
x
f x xe = , and lim 0
x
x
xe
=

a) Give the x-coordinate of each of the critical values. (If any)

x =

b) On what open interval(s) is ( ) f x negative? (use interval notation)

x

c) On what open interval(s) is ( ) f x positive? (use interval notation)

x

d) Determine the x value of any point(s) where there is a relative minimum [if any]. Indicate if there are none.

x =

e) Determine the x value of any points of inflection this function has [if any]. Indicate if there are none.

x =

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Question 4 (continued)[Total: 4 marks]

For each part, clearly indicate your final short answer in the appropriate BOX provided.

f) Does the given function have any vertical asymptotes?

g) Does the given function have any horizontal asymptotes?

h) Sketch the graph of ( )
x
f x xe = .


Yes / No (circle one)

If yes, where?

Yes / No (circle one)

If yes, where?
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The marginal revenue, in thousands of dollars, of a certain product is given by

3 4
dr
q q
dq
= +
Find the profit when q = 12 if the total cost of producing 12 units is $50,000. Note: (0) 0 r =
Give your answer rounded to the nearest dollar.

Answer to Question 5: Give your answer rounded to the nearest dollar.


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Some simple electronic devices are to be designed to include three digital component modules, types 1, 2, and 3.
These components cost $4, $1, and $2 and are kept in the quantities x, y, and z, respectively. The utility function
for the use of these is
2 2
( , , ) U x y z x y z = + . You are authorized to purchase $36 of the components. How should
you make your purchase so as to have the highest utility?
Show your work here and put your concluding sentence in the box provided below.

Answers for Question 6:


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MAT133Y5Y April 2013 Final examination
FORMULA SHEET
Your name and student # MUST be written in INK on this page if you wish to separate it from the rest!

STUDENT NAME: ________________________________ Student number______________________________

FORMULA SHEET (1)
Some facts that may be useful:

For discrete periodic compounding with periodic rate r (where r is the APR divided by the number of interest periods in one
year):
(1 )
n
S P r = + is the compound amount when a principal amount P is invested for n periods at a periodic rate of r.
(1 )
n
P S r

= + is the present value (or principal amount) that needs to be invested at the periodic rate of r for n
interest periods so that the compound amount is S.
The effective rate re that is equivalent to an APR (a nominal rate) compounded n times a year is given by:
1 1
n
e
APR
r
n
| |
= +
|
\

For continuous compounding:
rt
S Pe = is the compound amount S of a principal amount P after t years at an annual interest rate r compounded
continuously.
rt
P Se
= is the present value P of a compound amount S due at the end of t years at an annual interest rate r compounded
continuously.
The effective rate re corresponding to an annual rate of r compounded continuously is 1
r
e
r e =
Annuities:

1 (1 )
n
r
A R
r
+
= is the present value of an
ordinary annuity

(1 ) 1
n
r
S R
r
+
= is the future value of an
ordinary annuity

1
1 (1 )
1
n
r
A R
r
+
( +
= +
(

is the present value
of an annuity due

1
(1 ) 1
1
n
r
S R
r
+
( +
=
(

is the future value of
an annuity due)

A = Present value of an annuity
S = amount (future value) of an annuity
R = amount of each payment
n = number of payments
r = periodic rate of interest

For a LOAN amortized over n periods at a periodic rate r, we have:
Principal outstanding at beginning of period k:
Ak =
( )
1
1 1
n k
r
R
r
+
+

The interest portion of the kth payment is:
Akr = R
( )
1
1 1
n k
r
+
(

+
The principal contained in the payment of the kth period is:
R - R
( )
1
1 1
n k
r
+
(

+ =
( )
1
1
n k
R r
+
+
Total finance charges (interest paid): nR A
****************************************************
For continuous annuities:
0
( )
T
rt
A f t e dt

0
( )
( )
T
r T t
S f t e dt

With the annual rate being r (compounded continuously), for T years,
and where the payment at time t is at a rate of f(t) dollars per year.

A = Present value of the continuous annuity
S = accumulated (future value) of the continuous annuity
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MAT133Y5Y April 2013 Final examination
FORMULA SHEET (2)

Derivatives:

1
[ln ]' x
x
= [ ]'
x x
e e =
1
[ ]'
r r
x rx

=

[ ]' ln
x x
a a a = (for a > 0)

Some general rules for differentiation:

The Product Rule:
[ ( ) ( )]' '( ) ( ) ( ) '( ) f x g x f x g x f x g x = +

The Quotient Rule:
( )
2
'
( ) '( ) ( ) ( ) '( )
( )
( )
f x f x g x f x g x
g x
g x
(
=
(

The Chain Rule:
[ ]
'
( ) '( ( )) '( ) f g x f g x g x = o

Elasticity of Demand:
The point elasticity of demand , which is a negative
number, is given by

p
p dq q
dp
q dp
dq
= =

Economics stuff some useful relations:
c
c
q
= ,
r pq = , P r c =
Here, c represents cost (total), c represents average
cost, p represents the demand (price per unit), q is the
number of units of a product, r is revenue, P is profit.

Integrals:
1
1
ln dx x dx x C
x
= = +

x x
e dx e C = +
,
kx
kx
e
e dx C
k
= +

(for 0 1)
ln
x
x
a
a dx C a
a
= + <

1
(for 1)
1
r
r
x
x dx C r
r
+
= +
+

Average value of a function on [a, b]:
The average (or mean) value of a function y = f(x) over
the interval [a, b] is denoted by y (or) f and is given
by

1
( )
b
a
f f x dx
b a
=

Some general rules for integration:

( ) ( ) cf x dx c f x dx =

[ ( ) ( )] ( ) ( ) f x g x dx f x dx g x dx + = +

[ ( ) ( )] ( ) ( ) f x g x dx f x dx g x dx =

( ( )) ( ) ( ) f g x g x dx f u du =

when we let ( ) u g x =

( ) '( ) ( ) ( ) ( ) '( ) f x g x dx f x g x g x f x dx =

OR udv uv v du =

(Integration by parts)

THE END

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