ECO606 - Mathematical Economics I

SEMESTER FALL 2019 MATHEMATICAL ECONOMICS I (ECO606) ASSIGNMENT NO.1 DUE DATE: DECEMBER 02, 2019 MARKS: 10 Question 01 A firm’s demand and supply functions are given below: Qd 300P Qs 404P Find out: a) Equilibrium price b) Equilibrium quantity demanded c) Equilibriumquantitysupplied Question No. 02 Cofactors of any matrix A is called Adjugate matrix and can be shown as AAA  11 12 13   A21 A22 A23  AAA . Find out all cofactors of the given matrix 1 0 1 A2 4 0 (Marks: a=2.5, b=1.5, c=1.5)  31 32 33  3 5 6   . (Marks: 4.5) (0.5 for each cofactor) (Note: Keep in mind the positive and negative signs of cofactors) Note: Each part contains marks so, do each part separately and carefully. Step wise working in Math Type is required. Only answers will not be acceptable. IMPORTANT: 24 hours extra / grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience. OTHER IMPORTANT INSTRUCTIONS: DEADLINE:  Make sure to upload the solution file before the due date on VULMS.  Any submission made via email after the due date will not be accepted. FORMATTING GUIDELINES:  Use the font style “Times New Roman” or “Arial” and font size “12”.  It is advised to compose your document in MS-Word format.  You may also compose your assignment in Open Office format.  Use black and blue font colors only. RULES FOR MARKING Please note that your assignment will not be graded or graded as Zero (0), if:  It is submitted after the due date.  The file you uploaded does not open or is corrupt.  It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc.  It is cheated or copied from other students, internet, books, journals etc. Note related to load shedding: Please be proactive Dear students! As you know that PRE- Mid-Term semester activities have started and load shedding problem is also prevailing in our country. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes or GDBs.