Mathematical Applications for the Management, Life, and Social Sciences
11th Edition
ISBN: 9781305108042
Author: Ronald J. Harshbarger, James J. Reynolds
Publisher: Cengage Learning
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Question
Chapter 12.1, Problem 41E
To determine
To calculate: The total revenue function if the marginal revenue for a month for a commodity is
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Students have asked these similar questions
b) Solve the following linear program using the 2-phase simplex algorithm. You should give
the initial tableau, and each further tableau produced during the execution of the
algorithm. If the program has an optimal solution, give this solution and state its
objective value. If it does not have an optimal solution, say why.
maximize ₁ - 2x2+x34x4
subject to 2x1+x22x3x41,
5x1 + x2-x3-×4 ≤ −1,
2x1+x2-x3-34
2,
1, 2, 3, 40.
9. An elementary single period market model contains a risk-free asset with interest rate
r = 5% and a risky asset S which has price 30 at time t = 0 and will have either price
10 or 60 at time t = 1. Find a replicating strategy for a contingent claim with payoff
h(S₁) = max(20 - S₁, 0) + max(S₁ — 50, 0).
Total [8 Marks]
8. An elementary single period market model has a risky asset with price So = 20 at the
beginning and a money market account with interest rate r = 0.04 compounded only
once at the end of the investment period.
=
=
In market model A, S₁ 10 with 15% probability and S₁
21 with 85% probability.
In market model B, S₁ = 25 with 10% probability and S₁ = 30 with 90% probability.
For each market model A, B, determine if the model is arbitrage-free. If not, construct
an arbitrage.
Total [9 Marks]
Chapter 12 Solutions
Mathematical Applications for the Management, Life, and Social Sciences
Ch. 12.1 - 1. True or false:
(a)
(b)
Ch. 12.1 - Prob. 2CPCh. 12.1 - 1. If what is
Ch. 12.1 - Prob. 2ECh. 12.1 - Prob. 3ECh. 12.1 - Prob. 4ECh. 12.1 - Prob. 5ECh. 12.1 - Evaluate the integrals in Problems 5-28. Check...Ch. 12.1 - Prob. 7ECh. 12.1 - Evaluate the integrals in Problems 5-28. Check...
Ch. 12.1 - Prob. 9ECh. 12.1 - Prob. 10ECh. 12.1 - Prob. 11ECh. 12.1 - Prob. 12ECh. 12.1 - Prob. 13ECh. 12.1 - Prob. 14ECh. 12.1 - Prob. 15ECh. 12.1 - Prob. 16ECh. 12.1 - Prob. 17ECh. 12.1 - Prob. 18ECh. 12.1 - Prob. 19ECh. 12.1 - Evaluate the integrals in Problems 5-28. Check...Ch. 12.1 - Prob. 21ECh. 12.1 - Prob. 22ECh. 12.1 - Prob. 23ECh. 12.1 - Evaluate the integrals in Problems 5-28. Check...Ch. 12.1 - Prob. 25ECh. 12.1 - Prob. 26ECh. 12.1 - Evaluate the integrals in Problems 5-28. Check...Ch. 12.1 - Prob. 28ECh. 12.1 - In Problems 29-32, use algebra to rewrite the...Ch. 12.1 - In Problems 29-32, use algebra to rewrite the...Ch. 12.1 - Prob. 31ECh. 12.1 - In Problems 29-32, use algebra to rewrite the...Ch. 12.1 - Prob. 33ECh. 12.1 - Prob. 34ECh. 12.1 - Prob. 35ECh. 12.1 - Prob. 36ECh. 12.1 - In each of Problems 37-40, a family of functions...Ch. 12.1 - Prob. 38ECh. 12.1 - In each of Problems 37-40, a family of functions...Ch. 12.1 - Prob. 40ECh. 12.1 - Prob. 41ECh. 12.1 - Prob. 42ECh. 12.1 - 43. Revenue If the marginal revenue (in dollars...Ch. 12.1 - Prob. 44ECh. 12.1 - 45. Stimulus-response Suppose that when a sense...Ch. 12.1 - Prob. 46ECh. 12.1 - 47. Pollution A factory is damping pollutants into...Ch. 12.1 - 48. Population growth The rate of growth of the...Ch. 12.1 - 49. Average cost The DeWitt Company has found that...Ch. 12.1 - 50. Oil leakage An oil tanker hits a reef and...Ch. 12.1 - Prob. 51ECh. 12.1 - Prob. 52ECh. 12.1 - Prob. 53ECh. 12.1 - 54. Severe weather ice makers Hail is produced in...Ch. 12.1 - 55. U.S. population With U.S. Census Bureau data...Ch. 12.1 - 56. Consumer prices The consumer price index (CPI)...Ch. 12.2 - 1. Which of the following can be evaluated with...Ch. 12.2 - Prob. 2CPCh. 12.2 - 3. True or false: Constants can be factored...Ch. 12.2 - Prob. 4CPCh. 12.2 - Prob. 1ECh. 12.2 - Prob. 2ECh. 12.2 - In each of Problems 5 and 6, one of parts (a) and...Ch. 12.2 - In each of Problems 5 and 6, one of parts (a) and...Ch. 12.2 - Prob. 5ECh. 12.2 - Prob. 6ECh. 12.2 - Prob. 7ECh. 12.2 - Prob. 8ECh. 12.2 - Prob. 9ECh. 12.2 - Prob. 10ECh. 12.2 - Evaluate the integrals in Problems 7-36. Check...Ch. 12.2 - Prob. 12ECh. 12.2 - Prob. 13ECh. 12.2 - Prob. 14ECh. 12.2 - Prob. 15ECh. 12.2 - Prob. 16ECh. 12.2 - Evaluate the integrals in Problems 7-36. Check...Ch. 12.2 - Prob. 18ECh. 12.2 - Evaluate the integrals in Problems 7-36. Check...Ch. 12.2 - Prob. 20ECh. 12.2 - Prob. 21ECh. 12.2 - Prob. 22ECh. 12.2 - Prob. 23ECh. 12.2 - Prob. 24ECh. 12.2 - Prob. 25ECh. 12.2 - Prob. 26ECh. 12.2 - Evaluate the integrals in Problems 7-36. Check...Ch. 12.2 - Evaluate the integrals in Problems 7-36. Check...Ch. 12.2 - Evaluate the integrals in Problems 7-36. Check...Ch. 12.2 - Prob. 30ECh. 12.2 - Prob. 31ECh. 12.2 - Prob. 32ECh. 12.2 - Prob. 33ECh. 12.2 - Evaluate the integrals in Problems 7-36. Check...Ch. 12.2 - Prob. 35ECh. 12.2 - Prob. 36ECh. 12.2 - Prob. 37ECh. 12.2 - Prob. 38ECh. 12.2 - Prob. 39ECh. 12.2 - Prob. 40ECh. 12.2 - Prob. 41ECh. 12.2 - Prob. 42ECh. 12.2 - Prob. 43ECh. 12.2 - Prob. 44ECh. 12.2 - 47. Revenue Suppose that the marginal revenue for...Ch. 12.2 - Prob. 46ECh. 12.2 - 49. Physical productivity The total physical...Ch. 12.2 - 50. Production The rate of production of a new...Ch. 12.2 - 51. Data entry speed The rate of change in data...Ch. 12.2 - Prob. 50ECh. 12.2 - 53. Film attendance An excellent film with a very...Ch. 12.2 - 54. Product quality and advertising An inferior...Ch. 12.2 - 55. Demographics Because of job outsourcing, a...Ch. 12.2 - 56. Franchise growth A new fast-food firm predicts...Ch. 12.3 - 1. True or false:
(a) (b)
(c) (d)
Ch. 12.3 - Prob. 2CPCh. 12.3 - Prob. 3CPCh. 12.3 - Prob. 1ECh. 12.3 - Prob. 2ECh. 12.3 - Evaluate the integrals in Problems 1-32.
3.
Ch. 12.3 - Prob. 4ECh. 12.3 - Evaluate the integrals in Problems 1-32.
Ch. 12.3 - Prob. 6ECh. 12.3 - Prob. 7ECh. 12.3 - Evaluate the integrals in Problems 1-32.
Ch. 12.3 - Evaluate the integrals in Problems 1-32.
9.
Ch. 12.3 - Prob. 10ECh. 12.3 - Prob. 11ECh. 12.3 - Prob. 12ECh. 12.3 - Prob. 13ECh. 12.3 - Prob. 14ECh. 12.3 - Prob. 15ECh. 12.3 - Prob. 16ECh. 12.3 - Prob. 17ECh. 12.3 - Prob. 18ECh. 12.3 - Prob. 19ECh. 12.3 - Prob. 20ECh. 12.3 - Evaluate the integrals in Problems 1-32.
21.
Ch. 12.3 - Prob. 22ECh. 12.3 - Prob. 23ECh. 12.3 - Prob. 24ECh. 12.3 - Prob. 25ECh. 12.3 - Prob. 26ECh. 12.3 - Prob. 27ECh. 12.3 - Prob. 28ECh. 12.3 - Evaluate the integrals in Problems 1-32.
29.
Ch. 12.3 - Prob. 30ECh. 12.3 - Prob. 31ECh. 12.3 - Prob. 32ECh. 12.3 - Prob. 33ECh. 12.3 - Prob. 34ECh. 12.3 - Prob. 35ECh. 12.3 - Prob. 36ECh. 12.3 - Prob. 37ECh. 12.3 - Prob. 38ECh. 12.3 - In Problems 37-40, a family of functions is given...Ch. 12.3 - Prob. 40ECh. 12.3 - Prob. 41ECh. 12.3 - Prob. 42ECh. 12.3 - 43. Revenue Suppose that the marginal revenue from...Ch. 12.3 - Prob. 44ECh. 12.3 - Prob. 45ECh. 12.3 - 46. Radioactive decay Radioactive substances decay...Ch. 12.3 - 47. Memorization The rate of vocabulary...Ch. 12.3 - Prob. 48ECh. 12.3 - 49. Compound interest If $P is invested for n...Ch. 12.3 - 50. Temperature changes When an object is moved...Ch. 12.3 - Prob. 56ECh. 12.4 - 1. True or false:
(a) If , then the constant of...Ch. 12.4 - Prob. 2CPCh. 12.4 - Prob. 3CPCh. 12.4 - Prob. 4CPCh. 12.4 - Prob. 1ECh. 12.4 - Prob. 2ECh. 12.4 - Prob. 3ECh. 12.4 - Prob. 4ECh. 12.4 - Prob. 5ECh. 12.4 - Prob. 6ECh. 12.4 - In Problems 1-12, cost, revenue, and profit are in...Ch. 12.4 - In Problems 1-12, cost, revenue, and profit are in...Ch. 12.4 - Prob. 9ECh. 12.4 - Prob. 10ECh. 12.4 - In Problems 1-12, cost, revenue, and profit are in...Ch. 12.4 - In Problems 1-12, cost, revenue, and profit are in...Ch. 12.4 - 14. Suppose that the marginal cost for a certain...Ch. 12.4 - 14. Suppose that the marginal cost for a certain...Ch. 12.4 - Prob. 15ECh. 12.4 - Prob. 16ECh. 12.4 - Prob. 17ECh. 12.4 - Prob. 18ECh. 12.4 - Prob. 19ECh. 12.4 - Prob. 20ECh. 12.4 - Prob. 21ECh. 12.4 - Suppose that the marginal propensity to save is...Ch. 12.4 - Prob. 24ECh. 12.4 - Prob. 26ECh. 12.5 - Prob. 1CPCh. 12.5 - Prob. 2CPCh. 12.5 - Prob. 3CPCh. 12.5 - Prob. 1ECh. 12.5 - Prob. 2ECh. 12.5 - Prob. 3ECh. 12.5 - Prob. 4ECh. 12.5 - Prob. 5ECh. 12.5 - Prob. 6ECh. 12.5 - Prob. 7ECh. 12.5 - Prob. 8ECh. 12.5 - Prob. 9ECh. 12.5 - Prob. 10ECh. 12.5 - Prob. 11ECh. 12.5 - Prob. 12ECh. 12.5 - Prob. 13ECh. 12.5 - Prob. 14ECh. 12.5 - Prob. 15ECh. 12.5 - Prob. 16ECh. 12.5 - Prob. 17ECh. 12.5 - Prob. 18ECh. 12.5 - Prob. 19ECh. 12.5 - Prob. 20ECh. 12.5 - Prob. 21ECh. 12.5 - Prob. 22ECh. 12.5 - Prob. 23ECh. 12.5 - Prob. 24ECh. 12.5 - Prob. 25ECh. 12.5 - Prob. 26ECh. 12.5 - Prob. 27ECh. 12.5 - Prob. 28ECh. 12.5 - Prob. 29ECh. 12.5 - Prob. 30ECh. 12.5 - In Problems 29-36, find the particular solution to...Ch. 12.5 - Prob. 32ECh. 12.5 - Prob. 33ECh. 12.5 - Prob. 34ECh. 12.5 - Prob. 35ECh. 12.5 - Prob. 36ECh. 12.5 - Prob. 37ECh. 12.5 - Prob. 38ECh. 12.5 - Prob. 39ECh. 12.5 - Prob. 40ECh. 12.5 - 41. Investing When the interest on an investment...Ch. 12.5 - Prob. 42ECh. 12.5 - 43. Bacterial growth Suppose that the growth of a...Ch. 12.5 - Prob. 44ECh. 12.5 - 46. Sales and pricing Suppose that a chain of auto...Ch. 12.5 - Prob. 46ECh. 12.5 - Prob. 47ECh. 12.5 - 48. Radioactive decay A certain radioactive...Ch. 12.5 - Prob. 49ECh. 12.5 - Prob. 50ECh. 12.5 - 51. Drug in an organ Suppose that a liquid carries...Ch. 12.5 - Prob. 52ECh. 12.5 - Prob. 53ECh. 12.5 - Prob. 54ECh. 12.5 - Prob. 55ECh. 12.5 - Prob. 56ECh. 12.5 - Prob. 57ECh. 12.5 - Prob. 58ECh. 12 - Evaluate the integrals in Problems 1-26.
Ch. 12 - Prob. 2RECh. 12 - Prob. 3RECh. 12 - Prob. 4RECh. 12 - Prob. 5RECh. 12 - Prob. 6RECh. 12 - Prob. 7RECh. 12 - Prob. 8RECh. 12 - Prob. 9RECh. 12 - Prob. 10RECh. 12 - Prob. 11RECh. 12 - Prob. 12RECh. 12 - Prob. 13RECh. 12 - Prob. 14RECh. 12 - Prob. 15RECh. 12 - Prob. 16RECh. 12 - Prob. 17RECh. 12 - Prob. 18RECh. 12 - Prob. 19RECh. 12 - Prob. 20RECh. 12 - Prob. 21RECh. 12 - Prob. 22RECh. 12 - Prob. 23RECh. 12 - Prob. 24RECh. 12 - Prob. 25RECh. 12 - Evaluate the integrals in Problems 1-26.
26. (a) ...Ch. 12 - Prob. 27RECh. 12 - Prob. 28RECh. 12 - Prob. 29RECh. 12 - Prob. 30RECh. 12 - Prob. 31RECh. 12 - Prob. 32RECh. 12 - Prob. 33RECh. 12 - Prob. 34RECh. 12 - Prob. 35RECh. 12 - Prob. 36RECh. 12 - 37. Oxygen levels in water The rate of change of...Ch. 12 - Prob. 38RECh. 12 - Prob. 39RECh. 12 - Prob. 40RECh. 12 - 41. Cost The marginal cost for a product is
...Ch. 12 - Prob. 42RECh. 12 - Prob. 43RECh. 12 - Prob. 44RECh. 12 - Prob. 45RECh. 12 - Prob. 46RECh. 12 - 47. Fossil dating Radioactive beryllium is...Ch. 12 - Prob. 48RECh. 12 - Prob. 49RECh. 12 - Prob. 1TCh. 12 - Evaluate the integrals in Problems 1-11.
Ch. 12 - Prob. 3TCh. 12 - Prob. 4TCh. 12 - Prob. 5TCh. 12 - Prob. 6TCh. 12 - Prob. 7TCh. 12 - Prob. 8TCh. 12 - Prob. 9TCh. 12 - Prob. 10TCh. 12 - Prob. 11TCh. 12 - Prob. 12TCh. 12 - Prob. 13TCh. 12 - Prob. 14TCh. 12 - Prob. 15TCh. 12 - Prob. 16TCh. 12 - Prob. 17TCh. 12 - Prob. 18TCh. 12 - Prob. 19TCh. 12 - Suppose the marginal propensity to save is given...Ch. 12 - Prob. 21TCh. 12 - Prob. 22T
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