GROUP ASSIGNMENT ( 10%)

1. Must be typing, using Font ARIAL 12.

2. Cover page must be in a formal format as given. Using

BLUE paper. (Who didnt use blue paper, your mark will be

reduced)
3. Must be submit 19TH FEBRUARY 2016.
4. Submit to En. Shafiq in the office before 4PM.

INDIVIDUAL ASSIGNMENT :

1. Students need to do all the exercise individually and

submit to Mr. Shafiq before 4PM on a given date.

2. Please use GREEN PAPER as a cover page.. ( use a

given cover page)

a) Exercise 1 : Group 1 Assignment Question (22 february 2016)

b) Exercise 2 : Group 2 Assignment Question (24 february 2016)
c) Exercise 3 : Group 3 Assignment Question (1 march 2016)
d) Exercise 4 : Group 4 Assignment Question (3 march 2016)
INSTITUT PENGAJIAN TINGGI
ISLAM PERLIS
(IPTIPs)

GROUP ASSIGNMENT
MANAGERIAL MATHEMATICS
3RD MARCH 2016

PREPARED FOR :

MADAM NUR TASNIM MUHAMAD JAMIL

PREPARED BY :
GROUP 1

1. An automobile manufacturer produces different types of vehicles in different

models. In the matrix below, the rows represent, from top to bottom, sedans,

vans and trucks, and the columns represent, from left to right, standard, custom

and stock models. Each entry is a suggested dealer price.

What is the suggested dealer price for:

(a) a stock model van

(b) a stock model truck
(c) a custom model sedan

2. An entrepreneur of a product estimates that when q units of his goods produced

every month, the average total profit (in RM) is:

Find the quantity that give maximum profit to his company.

3. To fill an order for 100 units of its product, a firm wishes to distribute production

between its two plants, plant 1 and plant 2. The total cost function is given by,

c = f (q1, q2) = 0.1q12 + 7q1 + 15q2 + 1000

 where q1 and q2 are the numbers of units produced at plants 1 and 2,

respectively. How should the output be distributed in order to minimize costs?

4. The daily cost C, in RM, of producing a product is

C(x) = 1000 + 72x 0.06x2 0 x 60

where x represents the number of product produced.

a) Find the daily cost of producing 50 units.

b) Find the marginal cost function.

c) Find C(50) and interpret its meaning.

d) Use the marginal cost to estimate the cost of producing 51 units.

e) Find the actual cost of producing 51 units. Compare the actual cost of making 51

units to the estimated cost of producing 51 units found in part (d).

f) Find the average cost of producing 51 units.

GROUP 2

1. Three components A,B and C are used in the manufacturing of a product. For a

production run, 100, 150, and 200 units of A, B, and C are RM2, RM1, and RM3,

respectively. Represent the total cost of A, B, and C by a matrix product.

2. Revenue function for the Company of ABC Sdn. Bhd. Is as follows:

TR = 20 + 3p p2
where p is a price per unit product.

a) What is the price that maximized the companys revenue? (Notes: Use the critical

point approach)

b) Compute the value of maximum revenue at this price.

3. When l units of labor and k units of capital are invested, a manufacturers total

production q is given by the production function q = 5l1/5k4/5. Each unit of labor

costs RM 22 and each unit of capital costs RM 66. If exactly RM 23,760 is to be

spent on production, determine the numbers of units of labor and capital that

should be invested to maximize production. (You may assume that the maximum

occurs at the critical point obtained.

4. The following table shows the wholesale price in RM per kg, of three

commodities, namely red chillies, long beans, and cucumber, in the three towns

of Kuala Terengganu, Kuala Lumpur and Johor Bahru.

A company with branches located in each of the three towns has been awarded

a contract in each town to supply x kg red chillies, y kg long beans, and z kg

cucumber in each town to the local retailer. The vegetables are obtained from the

town itself. The profit earned by the branches in Kuala Terengganu, Kuala

Lumpur, and Johor Bahru respectively are RM3000, RM2000, and RM3500.
GROUP 3

1. Let matrix A represent the sales (in thousands of dollars) of a toy company in

1998 in three cities, and let B represent the sales in the same cities in 2000,

where A and B are given by,

If the company buys a competitor and doubles its 2000 sales in 2001, what is the

change in sales between 1998 and 2001?

2. The daily cost C, in RM, of producing a product is

C(x) = 1000 + 72x 0.06x2 0 x 60

where x represents the number of product produced.

g) Find the daily cost of producing 50 units.

h) Find the marginal cost function.

i) Find C(50) and interpret its meaning.

j) Use the marginal cost to estimate the cost of producing 51 units.

k) Find the actual cost of producing 51 units. Compare the actual cost of making 51

units to the estimated cost of producing 51 units found in part (d).

l) Find the average cost of producing 51 units.

3. To fill an order for 100 units of its product, a firm wishes to distribute production

between its two plants, plant 1 and plant 2. The total cost function is given by

c = f (q1, q2) = 0.1q12 + 7q1 + 15q2 + 1000

where q1 and q2 are the numbers of units produced at plants 1 and 2,

respectively. How should the output be distributed in order to minimize costs?

4. The daily profit function of a company is given by:

U = -5q2 + 360q - 4500

where is the quantity of the product. q,

a) Find the marginal profit function for the company.

b) What is the marginal profit when 35 goods are sold?

c) By using differentiation method, find the selling level that will maximized the

companys profit.
GROUP 4

1. The following table shows the wholesale price in RM per kg, of three

commodities, namely red chillies, long beans, and cucumber, in the three towns

of Kuala Terengganu, Kuala Lumpur and Johor Bahru.

A company with branches located in each of the three towns has been awarded

a contract in each town to supply x kg red chillies, y kg long beans, and z kg

cucumber in each town to the local retailer. The vegetables are obtained from the

town itself. The profit earned by the branches in Kuala Terengganu, Kuala

Lumpur, and Johor Bahru respectively are RM3000, RM2000, and RM3500.

a) Write a matrix equation in x, y, and z to represent the above information.

b) Determine the quantities of red chillies, long beans and cucumber supplied in

each town using cramers rule.

2. The daily profit function of a company is given by:

U = -5q2 + 360q - 4500

 where is the quantity of the product. q,

d) Find the marginal profit function for the company.

e) What is the marginal profit when 35 goods are sold?

f) By using differentiation method, find the selling level that will maximized the

companys profit.

3. When l units of labor and k units of capital are invested, a manufacturers total

production q is given by the production function q = 5l1/5k4/5. Each unit of labor

costs RM 22 and each unit of capital costs RM 66. If exactly RM 23,760 is to be

spent on production, determine the numbers of units of labor and capital that

should be invested to maximize production. (You may assume that the maximum

occurs at the critical point obtained.)

4. An automobile manufacturer produces different types of vehicles in different

models. In the matrix below, the rows represent, from top to bottom, sedans,

vans and trucks, and the columns represent, from left to right, standard, custom

and stock models. Each entry is a suggested dealer price.

What is the suggested dealer price for:

(a) a stock model van
(b) a stock model truck
(c) a custom model sedan