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ECON1003 - 2018-2019 Sem II - Internal Exam

The document outlines the internal examination for ECON 1003 at The U.W.I., St. Augustine, for Semester II 2018/2019. It includes instructions for students, the duration of the exam, and a total of four questions covering topics such as equilibrium prices, polynomial functions, inequalities, and logarithmic equations. Students are required to show all workings and submit all materials used during the exam.

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26 views2 pages

ECON1003 - 2018-2019 Sem II - Internal Exam

The document outlines the internal examination for ECON 1003 at The U.W.I., St. Augustine, for Semester II 2018/2019. It includes instructions for students, the duration of the exam, and a total of four questions covering topics such as equilibrium prices, polynomial functions, inequalities, and logarithmic equations. Students are required to show all workings and submit all materials used during the exam.

Uploaded by

Mlalla12
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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DEPARTMENT OF ECONOMICS THE U.W.I., ST.

AUGUSTINE
ECON 1003
Semester II 2018/2019
Internal Examination
[Total: 50 marks]

Instructions:
Students are required to attempt ALL questions.
Students are required to show all working.
Student’s name and ID number must be inserted at the top right hand corner of each sheet of paper.
Students must return both the exam script and solutions.
Students are also required to hand in all scrap paper.

Duration: One (1) hour and thirty (30) minutes.


This exam contains four (4) questions.

1. (a) In a particularly economy, the equilibrium prices in the corn and wheat markets are given
by the following equations:
𝑥 2 + 𝑦 2 = 29
𝑦−𝑥 =3
where x and y are the prices of corn and wheat respectively. Solve these equations
simultaneously, and state the set of prices which will allow these markets to be in equilibrium.
[6 marks]

(b) (i) Verify that (x + 3) is a factor of the function f(x) = 𝑥 3 + 4𝑥 2 + 𝑥 − 6 [2 marks]


(ii) Hence solve the equation:
𝑥 3 + 4𝑥 2 + 𝑥 = 6 [5 marks]

1
21
2. (a) Given 𝑓(𝑥) = , find 𝑓 −1 (𝑥). [4 marks]
4𝑥 3 −1

(b) If 𝑝(𝑥) = 6𝑥 2 − 10𝑥 and 𝑞(𝑥) = 2𝑥 − 5, find:


(i) q[p(x)] [2 marks]
(ii) p[q(-1)] [4 marks]

3. (a) Solve the following inequalities for x:


(i) 11 + 2 |−2𝑥 − 5| < 21 [3 marks]
(ii) 𝑥 2 + 3𝑥 ≥ 10 [5 marks]

(b) Solve the following system of linear inequalities and show your solution graphically:
𝑦 − 3 ≥ 2𝑥
𝑥+𝑦 >2
[7 marks]

4. Solve the following equations:


(a) 7𝑥(2𝑥 + 4) − 7(𝑥 − 1) = 14𝑥(𝑥 + 1) [4 marks]

(b) ln (9x + 5) = ln (3x – 2) + ln 2 [4 marks]


1 2𝑥+3
(c) 162𝑥 = ( ) [4 marks]
64

END OF EXAM

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