Subject:

Fundamentals of Mathematics

Title of the work Copyright

Functions

Presents:

María Danessa Pérez Timana I.D. 730607

Andrea Yamilé Urbina De La Cruz I.D. 726696
Yurany Alexandra Villota Urbina I.D. 723684

Teacher
Ana Lucy Gómez Tulcán

Colombia, San Juan de Pasto. November 18, 2019

Minuto de Dios University Corporation
Program: Administration in Occupational Health and Safety
First
Fundamentals of Mathematics
NRC:10136
Teacher: Ana Lucy Gómez T.

Unit 4 - Activity 5 - Evaluation

Workshop - Functions

The exercises listed below correspond to the guidebook 'Mathematics

applied to administration and economics,” sections 5-1, 5-2, and 6-4.

Exercises 5-1 (47 to 49). Pages 184 and 185.

Exercises 5-2 (15 to 18). Pages 192 and 193.
Exercises 6-4 (34 to 36). Pages 257 and 258.

Development of the workshop

Exercises 5-1 (47 to 49). Pages 184 and 185.

47. (Cost function) A company has determined that the cost of producing x units of its
product per week is given by:

C(x) = 5000 + 6x - 0.002x^2

Evaluate the cost of producing:

1000 units per week.

C(x) = 5000 + 6x + 0.002x2

5000 + 6(1.000) + 0.002(1.000)2
C(1.000) = 5000 + 6.000 + 0.002(1.000)2
5000 + 6.000 + 0.002(1.000.000)
C(1.000) = 5000 + 6.000 + 2.000
13.000

x = 1.000 y = 13.000 (1,000.13,000)

The cost of producing 1,000 units per week is $13,000

2500 units per week.

C(x) = 5000 + 6x + 0.002x^2

C(2.500) = 5000 + 6(2.500) + 0.002(2.500)2
C(2.500) = 5000 + 15.000 + 0.002(2.500)2
C(2.500) = 5000 + 15.000 + 0.002(6.250.000)
5000 + 15.000 + 12.500
32.500

x = 2.500 y = 32.500 (2,500.32,500)

The cost of producing 2,500 units per week is $32,500.

c) No unit.

C(x) = 5000 + 6x + 0.002x^2

5000 + 6(0) + 0.002(0)2
C(0) = 5000 + 0 + 0
C(0) = 5000

x=0 y = 5.000 (0,5.000)

The cost of not producing units in the week is $5,000.

48. For the cost function (Cost function)

10-6x3- (3x10-3) x2 + 36x + 2000

Calculate the cost of producing:

2000 units.

C (x) = 10-6x3- (3x10-3) x2 + 36x + 2000

C (x) = 0.000001x3-0.003 + x2+ 36x + 2000

C (2.000) = 0.000001 (2.000)31.9972+ 36(2.000) + 2000

C (2.000) = 0.000001 (8,000,000,000) - 0.003 + (4,000,000) + 72,000 + 2000

C (2.000) = 8.000 - 12.000 + 74.000

70.000

x = 2.000 y = 70.000 (2.000, 70.000)

Response: The cost of producing 2,000 units is $70,000

b) 500 units.

10-6x3- (3x10-3) x2 + 36x + 2000

C (x) = 0.000001x3-0.003 + x2+ 36x + 2000

C (500) = 0.000001 (500)3-0.003 + (500)2 + 36(500) + 2000

C (500) = 0,000001 (125.000.000) – 0,003 + (250.000) + 18.000 + 2000

C (500) = 125 – 750 + 20.000

C (500) = 19.375

x = 500 y = 19.375 (500, 19.375)

The cost of producing 500 units is $19,375

49. (Physiology) In a test for blood sugar metabolism, conducted in a
time interval, the amount of sugar in the blood was a function of time t (measured in
hours) and given by:

A (t) = 3.9 + 0.2t - 0.1t2

Find the amount of sugar in the blood:

At the beginning of the test.

A (t) = 3.9 + 0.2t - 0.1t2

3.9 + 0.2 (0) - 0.1 (0)2

3.9 + 0.2 (0) - 0.1 (0)

A (0) = 3.9 + 0 - 0

A (0) = 3.9

x=0 y = 3.9 (0, 3.9)

The blood sugar level at the beginning of the test is 3.9.

b) 1 an hour later.

A (t) = 3.9 + 0.2t - 0.1t2

A (1) = 3.9 + 0.2 (1) - 0.1 (1)2

A (1) = 3.9 + 0.2 - 0.1

A (1) = 4

x=1 y=4 (1, 4)

The amount of sugar in the blood after an interval of one hour is 4

 c) 2 ½ hours after starting.

2 1
2

1 = 0.5
2

A (t) = 3.9 + 0.2t - 0.1t2

A (0.5) = 3.9 + 0.2 (0.5) - 0.1 (0.5)2

A (0.5) = 3.9 + 0.1 - 0.1 (0.25)

A (0.5) = 3.9 + 0.1 - 0.025

A (0.5) = 3.975

x = 0.5 y = 3.975 (1, 3.975)

The amount of sugar in the blood after 2.1 hours is 3.975

2

15. (Maximum income) The monthly income from the sale of x units of a certain
The article is given by R(x) = 12x - 0.01x^2 dollars. Determine the number of units that must be
sell every month with the purpose of maximizing income. What is the corresponding income?
maximum?

R(x) = 12x - 0.01x2

V - b, 4ac - 2b
2a 4a

With the formula, ax2+ bx + c

a = 0.01 b = 12 c=0
V -12.4 (-0.01) (0) – (12)2
2(-0.01) 4 (-0.01)

V -12.0 - 144
-0.02 -0.04

V -12 ,144
-0,02 -0,04

V (600, 3.600)

x = 600 y = 3.600 (500, 3.600)

Answer: 600 units need to be sold in order to maximize revenue and the revenue would be
of $3,600.

16. (Maximum utility) The utility P(x) obtained by manufacturing and selling x units of a certain
The product is given by P(x) = 60x - x². Determine the number of units that must be produced and
to sell oneself with the aim of maximizing utility. What is this maximum utility?

P(x) = 60x - x2

V -b ,4ac - 2b
2a 4a

With the formula, ax2+ bx + c

a = -1 b = 60 c=0
V - 60.4 (1) (0) - (60)
2

2(-1) 4 (1)

V -60 ,0 - 3.600
-2 4

V -60 ,3.600
-2 4

V (30, 900)

Response: 30 units must be produced and sold in order to maximize utility.

the product and its maximum utility would be 900

17. (Maximum income and profit) A company has monthly fixed costs of $2000 and the cost
variable per unit of its product is $25.

a) Determine the cost function.

C(x) = cvx + cf
25x + 2,000

The cost function is: C(x) = 25x + 2,000

b) The income I obtained from selling x units is given by I(x) = 60x - 0.01xDetermine
2

the number of units that must be sold per month in order to maximize revenue.
What is this maximum income?

I(x) = 60x - 0.01x2

V -b ,4ac - 2b
2a 4a
With the formula, ax2+ bx + c

a = -0.01 b = 60 c=0

V - 60 ,4 (1) (0) – (60)2

-0.02 4 (1)

V -60 ,0 – 3.600
-2 4

V -60 3.600
-2 4

V (3.000, 90.000)

Answer: I have to sell 3,000 units to obtain a profit of $90,000.

c) How many units need to be produced and sold per month in order to achieve a
maximum utility? What is this maximum utility?

U (x) = I(x) – c (x)

U (x) = (60x - 0.01x2- (25x + 2.000)
U (x) = 60x – 0.01x2- 25x - 2.000
U (x) = 35x - 0.01x22,000

With the formula, ax2+ bx + c

a = -0.01 b = 35 c = - 2.000

V -b ,4ac - 2b
2a 4a

V - 35 ,4 (-0.01) (- 2.000) – (35)2

2(-0.01) 4 (-0.01)
V -35 ,1.145
0.02 - 0.04

V (1750, 28.625)

Response

To obtain a maximum profit I must sell a quantity of 1,750 units.

The maximum profit is $28,625

18. (Minimum cost) The average cost per unit (in dollars) when producing x units of a certain
the article is C(x) = 20 - 0.06x + 0.0002x2What number of units produced would minimize the
average cost?

C(x) = 20 - 0.06x + 0.0002x2

V -b ,4ac - 2b
2a 4a

With the formula, ax2+ bx + c

a = 0.0002 |b = - 0.06 c = 20

V - ( -0.06) ,4 (0.0002) (20) – (- 0.060)

2

2(0.0002) 4 (0.002)

V 0.006 0.016 – 3.6

4 8

V - 0.06, -3.584
4 8
V (1.5, -0.448)

Response:

The number of units produced that would minimize the average cost is: 1.5
The minimum cost per unit is: - 0.448

(34-36) Calculate the nominal interest rate that is equivalent to continuous compounding:

34.8% annual interest.

Ref = 100 (ei- 1)

i = 8% = 0.08

Ref = 100 (e0.081)

Ref = 8.32%

The nominal rate of 8% annual interest is 8.32%.

35.12% annual interest.

Ref = 100 (ei1)

i = 12% = 0.12

Ref = 100 (e0.12- 1)

Ref = 12.74%

Response: The nominal rate of 12% annual interest is 12.74%

36.15% annual interest.

Ref = 100 (ei- 1)

i = 15% = 0.15

Ref = 100 (e0.15- 1)

Ref = 16.18%

Response: The nominal rate of 15% annual interest is 16.18%

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