Mat133y Final 2010w

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NAME (PRINT):
Last/Surname First /Given Name

STUDENT #: SIGNATURE:

UNIVERSITY OF TORONTO MISSISSAUGA
APRIL 2010 FINAL EXAMINATION-Version A
MAT133Y5Y
Calculus and Linear Algebra for Commerce
Any Wilk, Shay Fuchs, Ken Giuliani
Duration - 3 hours
Aids: Formula sheet provided (last pages of this paper)
Calculator Model(s): Only TI-30X, TI-30XIIB or TI-30XIIS (with no lids or inserts)

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 you have begun writing.

INSTRUCTIONS:
1. There are two parts to this examination:
PART I: MULTIPLE CHOICE 15 questions of equal value (3 marks 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. 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- Q15 Q1 Q2 Q3 Q4 Q5 Q6
Value 45 7 10 10 8 10 10
Score
TOTAL:
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MAT133Y5Y April 2010 Final examination-A Student number______________________________

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

PART I: MULTIPLE CHOICE [Total: 45 marks, 3 marks 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
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
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
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: 45 marks, 3 marks 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. The solution to the logarithmic equation given by log(2 11) log3 log( 4) x x + = + is
A) 1 B) -4 C) -1 D) 3/7 E) none of these

2. Which of the following options has the highest effective rate?

A) 10.25% compounded annually

B) 10.10% compounded semi-annually

C) 9.8% compounded continuously

D) 10% compounded quarterly

E) An effective rate of 10.3%

Continued on page 4
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MAT133Y5Y April 2010 Final examination-A


3. Which set of constraints will determine a bounded feasible region?

A)
2 4
4 4
0
x y
y x
x

B)
2 4
4 4
0
x y
y x
x

C)
2 4
4 4
0
x y
y x
x

D)
2 4
4 4
0
x y
y x
x

E) none of these

Continued on page 5
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4. A linear system is represented by the following augmented coefficient matrix
1 2 1 1
1 5 4 7
0 4 4 8
(
(
(
(

.
This linear system has

A) no solutions B) exactly one solution C) exactly two solutions
D) infinitely many solutions E) none of these

5. According to the matrix equation
1
1 3 2
z
y x e x
y k
+ ( (
=
( (

, the value of z is:

A) ln3 B) ln4 C) 3 D) e
2
E) e
4

Continued on page 6
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6.
1
if 0
3
( )
1
if 0
5
x
x
f x
x
x
+
=

<
+
is continuous on the intervals

A) ( ) ( ) , 0 0, B) ( ) ( ) ( ) , 5 5, 3 3, C) ( ) ( ) ( ) , 5 5, 0 0,

D) ( ) ( ) ( ) , 3 3, 0 0, E) none of these

7. If
3 1
( )
x
y x x
+
= then ( ) y x =

A) ( )
3 1
2 ln
x
x x x
+
+ B)
3 1
1
3 3ln
x
x x
x
+
| |
+ +
|
\
C)
3 1
3ln
x
x
x
+
+ D) ( )
3
ln
x
x x E) ( )
3
3 1
x
x x +

Continued on page 7
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8. Given the demand equation 21 2 p q = for10 90 q . For which value of q is the demand elastic?

A) 49.0 B) 51.5 C) 42.3 D) 64.5 E) 87.3

9. The minimum average cost for [10, 20] x , if total cost is given by
3
( ) 40 686 C x x x = + + , is

A) 473.3 B) 208.6 C) 1870 D) 187 E) 5036

Continued on page 8
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10. Suppose that r(q) is the total daily revenue (in $) at a fast food restaurant when q hamburgers are sold per day.
If 3
10000
dr q
dq
= + , find the price p that should be charged if q = 200 hamburgers are to be sold per day.
A) p = $5.98 B) p = $2.99 C) p = $3.01 D) p = $4.50 E) none of these

11. The average value of
2
2
( )
1 3
x
f x
x
=
+
on the interval [0, 1] is
A) 1 B)
2
3
C)
ln 2
3
D)
1
3
E) none of these

Continued on page 9
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12. The improper integral
0
x
x
e
e
dx
e

A) equals 1 B) equals e C) equals
1
e
D) diverges to E) none of these

13. The area of the region enclosed by the curve ln y x = , 0 y = and 4 x = is

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

Continued on page 10
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14. Given
2 2
2 3 w x xy y = + + ,
r
x e = and ln( ) y r s = + , then
w
s
at r = 0 and s = 1 is

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

15.
1 2
0 0
x
x dydx

is equal to

A)
2
5
B)
4
5
C)
8
5
D)
1
5
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: 7 marks]

Anna makes 5 payments into an annuity. Each payment is $1000, placed into the annuity at the beginning of each
year. For the first 3 years, interest is earned at 5% compounded annually. In the fourth and fifth years, however, the
interest rate goes up to 6% compounded annually. Determine the value of the annuity after 5 years.
Round your answer to two decimals.

Conclusion for Question 1: Round your answer to two decimals.


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From a 15 inch by 15 inch piece of cardboard, four congruent squares are to be cut out, one at each corner. The
remaining cross-like piece is then to be folded into an open-topped box. What size squares should be cut out to
maximize the volume of the resulting box?
15 in
15 in
x
x
x
x
x
x x
x

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Question 2 (continued) [Total: 10 marks]

Conclusion for Question 2:


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The demand function for a product is

2
10 800
30 200
q
p
q q
+
=
+ +
.
Assume that the market equilibrium occurs when 10 q = , and find the consumers surplus under market
equilibrium. Round your answer to one decimal.

Conclusion for Question 3: Round your answer to one decimal


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

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For each part, clearly indicate your final short answer in the appropriate BOX provided.
[8 marks, 1 mark for each part, with NO part marks for incorrect final answers.]

Given the function
3
3
1
( )
x
f x
x
+
=

a) List all values of x where a critical point occurs. Indicate if there are none.

b) On what interval(s) is the function decreasing?
Indicate if there is no interval where the function is decreasing.

c) On what interval(s) is the function concave up?
Indicate if there is no interval where the function is concave up

d) On what interval(s) is the function concave down?
Indicate if there is no interval where the function is concave down

e) For what value(s) of x does this function have a point of inflection?
Indicate if it has none.


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Question 4 (continued)[Total: 8 marks]

For each part, clearly indicate your final short answer in the appropriate BOX provided.
[8 marks, 1 mark for each part, with NO part marks for incorrect final answers.]

f) Does the given function have a horizontal asymptote, If so, where?

g) Does the given function have a vertical asymptote, If so, where?

h) Sketch the graph of the given function,
on the co-ordinate system provided

5 5 5 5 4 4 4 4 3 3 3 3 2 2 2 2 1 1 1 1 1 11 1 2 22 2 3 33 3 4 44 4 5 55 5 6 66 6
2 2 2 2
1 1 1 1
1 11 1
2 22 2
3 33 3
4 44 4
5 55 5
6 66 6
x
y

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The initial temperature of a pot of soup is80 C . The temperature ( ) T t in C of the pot of soup at time t (in
minutes) satisfies the differential equation

20
10
dT T
dt
=

(a) Solve the differential equation, and find an explicit expression for the function ( ) T t . [6 marks]

Conclusion for Question 5 (a):


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Question 5 (continued) [Total:10 marks]

(b) What will be the temperature of the pot of soup after 10 minutes? [2 marks]
Round your answer to the nearest degree (integer).

Conclusion for Question 5 (b):

(c) What will be the temperature of the soup after a long time (i.e. what is lim ( )
t
T t
)? [2 marks]

Conclusion for Question 5(c):


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The revenue r (in dollars per square meter of ground) obtained from the sale of a crop of tomatoes grown in an
artificially heated greenhouse is given by

( )
( , ) 5 1
x
r x y y e
=
and the cost c (in dollars per square meter of ground) is given by

2
( , ) 20 0.1 c x y x y = +
where x is the amount of fertilizer applied per square meter and y is the temperature (in C ) maintained in the
greenhouse.

(a) Write an expression, in terms of x and y, for the profit P per square meter obtained from the sale of the crop
of tomatoes. [2 marks]

Conclusion for Question 6(a):

(b) Evaluate
5
(ln , 5)
4
x
P and
5
(ln , 5)
4
y
P [2 marks]

Conclusion for Question 6(b):

P(x, y) =

5
(ln , 5)
4
x
P =
5
(ln , 5)
4
y
P =
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Question 6(continued) [Total: 10 marks]

(c) Given that the pairs
( , ) (ln5, 20) x y = and
5
( , ) (ln , 5)
4
x y =
are the only critical points of the profit function in part (a), use the second derivative test to determine
whether either of these points corresponds to a relative maximum profit per square meter. [6 marks]

Conclusion for Question 6(c):


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

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MAT133Y5Y April 2010 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 r
e
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 r
e
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:
A
k
=
( )
1
1 1
n k
r
R
r
+
+

The interest portion of the kth payment is:
A
k
r = 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 2010 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 =

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 stands for cost (total), c stands for average
cost, p stands for 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

Mat133y Final 2010w

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