Exam (elaborations)
MAT1050 CORE ALGEBRA EXAM Q & A WITH RATIONALES 2024.
- Course
- Institution
MAT1050 CORE ALGEBRA EXAM Q & A WITH RATIONALES 2024.
[Show more]
Seller
Follow
Ace55
Content preview
MAT1050Core Algebra
LATEST EXAM w/ RATIONALES
2024
,PART A:
1. A company produces two types of widgets, A and B.
The production cost of widget A is $5 per unit and the
selling price is $8 per unit. The production cost of
widget B is $7 per unit and the selling price is $10 per
unit. The company can produce at most 1000 widgets
per day, and the demand for each type of widget is at
least 300 units per day. How many units of each type of
widget should the company produce to maximize its
profit?
a) 300 units of A and 700 units of B
b) 400 units of A and 600 units of B
c) 500 units of A and 500 units of B
d) 600 units of A and 400 units of B
Answer: b) 400 units of A and 600 units of B
Rationale: The profit function is P = 3A + 3B, where A
and B are the number of units of widget A and B,
respectively. The constraints are A + B ≤ 1000, A ≥
300, and B ≥ 300. Using the graphical method, we can
find the feasible region and the corner points. The
corner points are (300, 700), (400, 600), (700, 300), and
(1000, 0). Evaluating the profit function at each corner
point, we find that P is maximized when A = 400 and B
= 600, with a maximum profit of $3600.
2. A farmer has a rectangular field with a perimeter of
200 meters. He wants to divide the field into two plots
by building a fence parallel to one of the sides. What are
, the dimensions of the field that will maximize the area
of one of the plots?
a) 25 m by 75 m
b) 40 m by 60 m
c) 50 m by 50 m
d) None of the above
Answer: c) 50 m by 50 m
Rationale: Let x be the length of the side parallel to the
fence, and y be the width of the field. Then the area of
one plot is A = xy/2. The perimeter constraint is 2x + 2y
= 200, or y = 100 - x. Substituting y into A, we get A =
x(100 - x)/2. To maximize A, we take the derivative and
set it equal to zero: dA/dx = (100 - x)/2 - x/2 = (100 -
2x)/2 = 0. Solving for x, we get x = 50. Then y = 100 - x
= 50. So the dimensions that maximize the area are 50
m by 50 m.
3. A manufacturer produces two models of bicycles,
standard and deluxe. The standard model requires 4
hours of assembly time and 2 hours of painting time.
The deluxe model requires 6 hours of assembly time
and 3 hours of painting time. The manufacturer has a
total of 240 hours of assembly time and 120 hours of
painting time available per week. The profit on each
standard model is $80 and on each deluxe model is
$120. How many bicycles of each model should the
manufacturer produce per week to maximize its profit?
a) 20 standard and 20 deluxe
b) 24 standard and 16 deluxe
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Ace55. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
85169 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now