4. Suppose that the price per unit of input K is 1 euro, the price per unit of input C is 12 euros and the price per unit of input L is 3 euros a) What is the minimum cost of producing 40 units of output y for the firm if the firm’s production function is Y =min {K;4C}+ L/2 ?
The Government is planning a policy, which envisages simultaneously the following two policies: 1)
introduction of a tax of 1 euro per unit of input L, and 2) introduction of a subsidy of 2 euros per unit of
input C. Find and explain briefly, how would the planned policy affect this firm. Would it affect the
minimum cost of production of 40 units of output? Would it affect the technology used? Provide
calculations for proof.
In: Advanced Math
Carlos takes a glass of cold water from the refrigerator and puts it on a table. The day is sunny and the temperature is 30 °C. Once outside the refrigerator, the water temperature was 0 °C and after 10 minutes it rose to 18 °C. Determine a differential equation that models the temperature change over time, assuming the reason at which the temperature changes of the drink is proportional:
a) The difference between its own temperature and that of the surrounding environment.
b) Determine what happens with temperature when time tends to infinity.
c) the square of the difference between its own temperature and that of the surrounding environment.
In: Advanced Math
consider the vectors:
v1=(1,1,1)
v2=(2,-1,1)
v3=(3,0,2)
v4=(6,0,4)
a)find the dimension and a basis
W=Span(v1,v2,v3,v4)
b) Does the vector v=(3,3,1) belong to W. Justify your answer
c) Is it true that W=Span(v3,v4)? Justify your answer
In: Advanced Math
1. (15pts)
A standard 52-card deck consists of 13 cards from each of 4 suits
(spades, hearts, diamonds, clubs). What is the probability that a
5-card poker hand drawn from a standard 52-card deck has (please
give necessary explanation as the solution)
(a) (5pts) 2 clubs, 1 hearts and 2 diamonds?
(b) (5pts) 1 ace and 2 face cards (face cards refer to king, queen,
or jack)?
(c) (5pts) at least one ace?
You may leave your expressions without evaluating the numerical
value.
In: Advanced Math
6) a) Find the general solution to the 2nd order differential equation y''+6y'+8y=0 [8 pts]
b) Find the general solution to y''+6y'+8y=2e-x. Use the method of undetermined coefficients. [8 pts]
c) Solve the IVP y''+6y'+8y=2e-x, y0=0, y'0=0 [5 pts]
In: Advanced Math
Type a proposition involving p, q, r and s that is true just when at least two of the propositional variables are true. For example, your proposition would be true in any case for which p and r are both true but false when, say, p is true while q, r and s are all false.
In: Advanced Math
2. In the proof of Gauss’ Lemma, I stated that each of the terms |a|, |2a|, …, |(p-1)a/2| are distinct modulo p. Prove this by contradiction. [Hint: As in college algebra, there are two cases.]
In: Advanced Math
Advanced Calculus 1
Problem 1 If the function f : D → R is uniformly continuous and α is any number, show that the function αf : D → R also is uniformly continuous.
Problem2 Provethatiff:D→Randg:D→Rareuniformlycontinuousthensois the sum f + g : D → R.
Problem 3 Define f (x) = 2x + 1 for all x ∈ R. Prove that f is uniformly continuous.
Problem 4 Define f (x) = x3 + 1 for all x ∈ R. Prove that f is not uniformly continuous.
In: Advanced Math
Show that two m×n matrices are equivalent if and only if they have the same invariant factors, i.e. (by Problem 4), if and only if they have the same Smith normal form.
In: Advanced Math
Consider the second-order boundary value problem
y′′ +(2x^2 +3)y′ −y =6x, 0≤x ≤1, (4)
y(0) = 1, y(1) = 0.
(a) Rewrite the second-order equation (4) as a system of two
first-order equations
involving variables y and z. [2]
(b) Suppose that yn and zn are approximations to y(xn) and z(xn), respectively, where xn = nh, n = 0,...,N and h = 1/N for some positive integer N. Find the iterative formula when using the modified Euler method to approximate (4) with the modified boundary conditions:
y(0) = 1, y′(0) = z0.
(c) Hence, employ the shooting method, with underlying modified
Euler method, to
find approximations yn, n = 1, . . . , N to problem (4)-(5), when N = 5. [Hint: Notice that differential equation (4) is linear.]
In: Advanced Math
Boris and Natasha agree to play the following game. They will flip a (fair) coin 5 times in a row. They will compute S = (number of heads H – number of tails T).
a) Boris will pay Natasha S. Graph Natasha’s payoff as a function of S. What is the expected value of S?
b) How much should Natasha be willing to pay Boris to play this game? After paying this amount, what is her best case and worst case outcome?
This time, after 5 flips of the coin, if there are more heads H than tails T, Boris will pay Natasha H – T. If there are more tails T than heads H, Boris will pay Natasha nothing.
c) Graph Natasha’s payoff as a function of S = H – T. What does this graph remind you of?
d) What is the expected value of Natasha’s payoff? How much should she be willing to pay to play this game? After paying this amount, what is her best case and worst case outcome?
In: Advanced Math
3. For the inhomogeneous differential equation x ′′ + 2x ′ + 10x = 100 cos(4t),
(a) Describe a system for which this differential equation would be an appropriate model.
(b) Find the general solution, x(t), to the equation.
(c) Does the general solution have the expected terms? What behavior do the terms describe?
(d) Find the specific solution that fits the initial conditions x(0) = 0 and x ′ (0) = 0.
(e) Plot the solution and discuss how you see the expected behaviors
In: Advanced Math
This is a combinatorics problem
Suppose we wish to find the number of integer solutions to the
equation below, where 3 ≤ x1 ≤ 9, 0 ≤ x2 ≤ 8, and
7 ≤ x3 ≤ 17.
x1 + x2 + x3 = r
Write a generating function for this problem, and use it to solve this problem for r = 20.
In: Advanced Math
Find Laplace transform of
50x''+ 100x' + 60x = 0, x'(0)=0, x(0)=0
In: Advanced Math
Part I On a certain university campus there is
an infestation of Norway rats. It is estimated that the number of
rats on campus will follow a logistic model of the form
P(t)=50001+Be−ktP(t)=50001+Be−kt.
A) It is estimated that there were 500 rats on
campus on January 1, 2010 and 750 on April 1, 2010. Using this
information, find an explicit formula for P(t)P(t) where tt is
years since January 1, 2010. (Assume April 1, 2010 is
t=.25t=.25.)
P(t)= P(t)= .
B) What was the rat population on October 1,
2010?
rats.
C) How fast was the rat population growing on
April 1, 2010?
rats per year.
D) According to our logistic model, when will the
rat population hit 2,500 rats?
years after January 1, 2010.
E) Rats live in communal nests and the more rats
there are, the closer they live together. Suppose the total volume
of the rats' nests is F=0.64P+4−−−−−−−−√−2F=0.64P+4−2 cubic meters
when there are PP rats on campus.
When there are 750 rats, what is the total volume of the rats'
nests and how fast is the mass of nests growing with respect to
time?
The total volume is cubic meters and the volume is
increasing at cubic meters per year.
F) One of the reasons that the rats' population
growth slows down is overcrowding. What is the population density
of the rats' nests when there are 750 rats and how fast is the
population density increasing at that time?
The population density is rats per cubic meter and the
population density is increasing at rats per cubic meter
per year.
In: Advanced Math