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Re: ECO406 Assignment 1 Solution and Discussion
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SEMESTER SPRING 2020
MATHEMATICAL ECONOMICS (ECO406)
ASSIGNMENT
DUE DATE: 11TH JUNE, 2020
MARKS: 15
Question no. 1
Which among the followings are identities and which are equations, and
why?
I. 4(x1) +1=x3(1x)
II. x(x1) =x(x2) +6
(Marks: 2)
Question no.2
Solve the following equation by factorizing method and find the values of
X.
2X2
4X30=0
(Marks: 5)
Question no.3
Solve the following equation and find the value of unknown(x).
6 2 2 3
5 37 5 2
x x
x x
(Marks: 5)
Question no.4
Calculate the future value (Pt) of a principal or present amount (Po) i.e. Rs.
450 at 14% interest rate, three years from now when compounded annually.
(Marks: 3)
IMPORTANT: 
SEMESTER FALL 2019
MATHEMATICAL ECONOMICS (ECO406)
ASSIGNMENT NO.1
DUE DATE: 27TH NOVEMBER, 2019 MARKS: 10
Question No.1:
A linear function is one in which the power of an independent variable is equal to one. Given below are the prices and quantity demanded exhibiting a linear function.
P 250 50 Q 20 60
Derive the linear equation of demand function by using the values given in the above table.
(Marks: 5) Solve the following equation and find the value of unknown(X).
(Marks: 5)
Question No.2:
4x5 10x10
8x3 20x4IMPORTANT:
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