ECON 1111 Quantitative Methods for Business and Economics

First Semester 2011

Tutorial Assignment 2 (Total Mark: 42) Due: 12:00 noon, 18th March

Topic: Sets and Functions

Note: Tutorial assignments count toward a total of 25% of the final grade, and that should be
handed in to, Reception, UWA Business School before 12.00 noon by the due dates. An
official cover sheet, which can be downloaded from the unit’s web page, is required for all
assignments. Tutors have been instructed not to accept late assignments.

1. Let U = {1, 2, 3, 4, 5, 6, 7, 8, 9,10} , A ={1,2,4,5}, B={ 2,3,5,6}, C={4,5,6,7,8} . Draw a

Venn diagram and then find: (1 mark each)

a)
b)
c)
d) ( )
e) ⃐
f) ⃐

2. On a certain day, the Wilton jail had 190 prisoners. Of these, 130 were accused of burglary
and 121 were accused of grievous bodily harm. How many prisoners were accused of both
burglary and GBH? (3 marks)

3. In a survey of 120 consumers conducted in the local shopping centre, 80 consumers

indicated that they would buy Brand A of shampoo, 68 buy Brand B and 42 buy both Brands
of shampoo. (4 marks)

a) How many of these consumers buy at least one of these Brands.

b) How many buy only Brand A?
c) How many buy exactly one of these Brands?
d) How many buy none of these Brands?

4. Explain if the following relationships are function. (1 mark each)

a) {(1,2),(2,3),(3,3),(4,5)}
b) {(1,2),(2,3),(2,4),(3,4)}
c) *( ) ( ) ( ) ( )+

5. Let ( ) √ compute ( ) ( ) ( ) ( ) .(1mark each)

1
6 .Given the Cobb-Douglas production function ( ) : (1 mark each)

a) Calculate the level of output when L=10 and K= 15.

b) Calculate the level of output when L=20 and K= 30.

7. Find the domain of the following functions. (1 mark each)

) ( ) b) ( ) √ ) ( ) ) ( ) √( )( )

8. If the cost of producing 500 units of a product is $ 3000 and the cost of producing 700
units is $5000 find the cost of producing 550 units and the output level associated with the
cost of $4500. (4 marks)

9. Find the sum, difference, product and quotient ( ) of the following two functions f and g
and both composition of f (g(x)) and g (f(x)). (6 marks each)

a) ( ) ( ) √

b) ( ) √ ( )

END