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    University of Zimbabwe Business Studies Department Business Mathematics - Bs107 1 Semester Examination - February/March 2009 Time: 3 Hours

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    maureen
    The document is an exam for a Business Mathematics course containing 5 questions with multiple parts each. Question 1 is compulsory, while students must attempt any 3 of the remaining 4 questions. The questions cover a range of quantitative business topics including: dividing amounts with conditions; calculating costs, profits, and percentages; decision making using payoffs and trees; factorizing expressions; solving systems of equations; break even analysis; and linear programming. Students have 3 hours to complete 4 questions totaling 100 marks. Good luck is wished to candidates at the end.

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    University of Zimbabwe Business Studies Department Business Mathematics - Bs107 1 Semester Examination - February/March 2009 Time: 3 Hours

    Uploaded by

    maureen
    102 views3 pages
    The document is an exam for a Business Mathematics course containing 5 questions with multiple parts each. Question 1 is compulsory, while students must attempt any 3 of the remaining 4 questions. The questions cover a range of quantitative business topics including: dividing amounts with conditions; calculating costs, profits, and percentages; decision making using payoffs and trees; factorizing expressions; solving systems of equations; break even analysis; and linear programming. Students have 3 hours to complete 4 questions totaling 100 marks. Good luck is wished to candidates at the end.

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    The document is an exam for a Business Mathematics course containing 5 questions with multiple parts each. Question 1 is compulsory, while students must attempt any 3 of the remaining 4 questions. The questions cover a range of quantitative business topics including: dividing amounts with conditions; calculating costs, profits, and percentages; decision making using payoffs and trees; factorizing expressions; solving systems of equations; break even analysis; and linear programming. Students have 3 hours to complete 4 questions totaling 100 marks. Good luck is wished to candidates at the end.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    102 views3 pages

    University of Zimbabwe Business Studies Department Business Mathematics - Bs107 1 Semester Examination - February/March 2009 Time: 3 Hours

    Uploaded by

    maureen
    The document is an exam for a Business Mathematics course containing 5 questions with multiple parts each. Question 1 is compulsory, while students must attempt any 3 of the remaining 4 questions. The questions cover a range of quantitative business topics including: dividing amounts with conditions; calculating costs, profits, and percentages; decision making using payoffs and trees; factorizing expressions; solving systems of equations; break even analysis; and linear programming. Students have 3 hours to complete 4 questions totaling 100 marks. Good luck is wished to candidates at the end.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    UNIVERSITY OF ZIMBABWE

    BUSINESS STUDIES DEPARTMENT

    BUSINESS MATHEMATICS – BS107

    1ST SEMESTER EXAMINATION – FEBRUARY/MARCH 2009

    TIME: 3 HOURS
    >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
    INSTRUCTION TO CANDIDATES
    1) Answer question One and any other Three of your choice.
    2) All question carry equal marks.
    3) In all, four questions should be attempted.
    4) Start each question of a fresh page.
    5) Clearly number your answers part by part
    >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
    QUESTION ONE COMPULSORY (25 marks)

    QUESTION ONE OPTIONAL 25 MARKS

    1a) Freddie and Beauty divided $500 trillion. If Freddie had received $70 trillion more and Beauty
    had spent $30 trillion of her money they would have equal amounts. How much did each receive?
    (5 marks)
    1b) An HP laptop is sold for 1 400 USD. The gross profit is computed as three quarters of the cost.
    Assume that the selling price is equal to the gross profit added to the cost. Determine the cost and
    the gross profit. (5 marks)

    1c) A commercial stand at Murambinda Rural Business Centre is rectangular in shape. If the length of this
    stand is increased by 10% and the width is decreased by 4%. What is the percentage change in the area?
    (5 marks)

    1d) A commuter is deciding to carry an umbrella to work or not. The chances that it will rain is 0.6. The
    payoff for carrying an umbrella and no rain is (- 2) and the payoff of carrying an umbrella and rain
    is(+20). On the other hand, the payoff of no rain and no rain is (+5) and umbrella and rain is (- 40)
    Assuming the above arbitrary payoff values.
    (i) What would you advise the commuter to do? (5 marks)
    (ii) Draw a decision tree diagram for the above scenario. (5 marks)

    QUESTION TWO OPTIONAL 25 MARKS

    2a) A flask is two thirds full of water. Two-fifths of the water is emptied out and 40 cm3 remains in the
    Flask. What is the total capacity of the flask? (5 marks)

    2b) By using a well annotated Venn Diagrams show the following


    (i) A ∩ B ∩ C (2 marks) (ii) A1 ∩ B1∩ C (3 marks) (iii) (A – B) – C (5 marks)

    2c) There are two investment options available to Tinotenda. The first option is to invest 1000 USD at
    10% simple interest per annum for the next 5 years. The second option is to invest the same amount at
    5% interest for the same period of time. Which of the two is a better option on maturity (after five
    years)? (5 marks)

    1
    2d) Factorise completely the following expressions:

    (i) sL-3 + (1 – s)L-2 (3 marks) (ii) b2(2a – 1) + 1 – 2a (2 marks)

    QUESTION THREE OPTIONAL 25 MARKS

    3a) Confirm that:


    AA-1 = A-1A = Identity matrix if: A = 2 -3 4
    1 5 -2
    4 2 6
    (5 marks)

    3b) Explain the main difference in the revenue functions of a firm under perfect competition and one
    under pure monopoly and the underlying assumptions. Also demonstrate your answer graphically.
    (5 marks)

    3c) Solve for X in the following equations:

    (i) 32x+1 + 6.3x – 27 = 0 (5 marks)

    (ii) x2 – 3ax + 2a2 = 0 (by completing the square) (5 marks)

    3d) A number is first decreased by 8% and then increased by 10%. If it now equals 486, what is its original
    value? (5 marks)

    QUESTION FOUR OPTIONAL 25 MARKS

    4a) Suppose for a monopolist the demand equation for his product is P = 400 – 2Q and the average total
    cost (ATC) = 0.2Q + 4 + (400/Q), where Q is the number of units and P is the price being charged in
    USD. Determine the following:
    (i) the level of output at which profit is maximised (3 marks)
    (ii) the price at which this occurs (2 marks)
    (iii) If, as a regulatory device, the government imposes a tax of 22USD per unit on the
    monopolist, what is the new price for profit maximisation. (5 marks)
    /3
    4b) Simplify: 121 x 961/4 (
    no calculators) (5 marks)
    2161/4

    4c) Tino, Tashy and Otty formed a partnership with a total capital of 320 000 USD. They contributed to
    this in the ratio 7: 5: 4. After 3 months, Tino withdrew 40 000 USD and after six months Tashy
    withdrew half of his share of the capital. In what ratio should the first year’s profit be divided among
    them? (5 marks)

    4d) Of what business significance is the concept of break even analysis? (5 marks)

    QUESTION FIVE OPTIONAL 25 MARKS

    5a) Explain briefly the environments under which decisions are made. (5 marks)

    5b) A commerce part one student at UZ who stays 14 km away decided to buy a bicycle as a mitigatory
    measure of the high transport costs. From Westgate (WG) to Greencroft (GC) its 4 km and from GC
    to UZ its 10km. He cycles at an average of speed of 6km/hr from WG to GC but his average speed
    from WG to UZ is 12km/hr. What is his average speed between GC and UZ? (5 marks)

    2
    5c) For BMC Manufacturing Co, the total costs are $1200, material and labour costs combined are $2 per
    Unit and the demand equation is P = 100/√Q. What the maximum level of profit? (5 marks)

    5d) Use the Simplex method to solve the following Linear Programming problem.

    Maximise P = 4X + 6Y
    Constraints 2X + Y ≤ 180
    X + 2Y ≤ 160
    X + Y ≤ 100
    X ;Y ≥ 0
    (10 marks)

    >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
    END OF EXAMINATION GOOD LUCK
    >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

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