Mathematics for Economics and Business 9th Edition Jacques Solutions Manual

Page 1

Instructor’s Manual Mathematics for

Business
Economics and
further instructor material please visit: www.pearsoned.co.uk/jacques ISBN: 978-1-292-19167-6  Pearson Education Limited 2018 Lecturers adopting the main text are permitted to download and photocopy the manual as required. Harlow, England • London • New York • Boston • San Francisco • Toronto • Sydney • Dubai • Singapore • Hong Kong Tokyo • Seoul • Taipei • New Delhi • Cape Town • São Paulo • Mexico City • Madrid • Amsterdam • Munich • Paris • Milan MathematicsforEconomicsandBusiness9thEditionJacquesSolutionsManual FullDownload:http://testbanktip.com/download/mathematics-for-economics-and-business-9th-edition-jacques-solutions-manual/ Downloadallpagesandallchaptersat:TestBankTip.com
Ninth edition Ian Jacques For

PEARSON EDUCATION LIMITED

KAO Two

KAO Park

Harlow CM17 9NA

United Kingdom

Tel: +44 (0)1279 623623

Web: www.pearson.com/uk -----------------------------------

First published 1992

Fifth edition published 2006

Sixth edition published 2009

Seventh edition published 2013

Eighth edition published 2015

This edition published 2018

© Pearson Education Limited 2018

The right of Ian Jacques to be identified as author of this work has been asserted by him in accordance with the Copyright, Designs and Patents Act 1988.

Pearson Education is not responsible for the content of third-party internet sites.

ISBN 978-1-292-19167-6

All rights reserved. Permission is hereby given for the material in this publication to be reproduced for OHP transparencies and student handouts, without express permission of the Publishers, for educational purposes only. In all other cases, no part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without either the prior written permission of the Publishers or a licence permitting restricted copying in the United Kingdom issued by the Copyright Licensing Agency Ltd., Barnard’s Inn, 86 Fetter Lane, London EC4A 1EN. This book may not be lent, resold, hired out or otherwise disposed of by way of trade in any form of binding or cover other than that in which it is published, without the prior consent of the Publishers.

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The screenshots in this book are reprinted by permission of Microsoft Corporation.

3 © Pearson Education Limited 2018 Contents Solutions to Problems 4 Chapter 1 Linear Equations 4 Chapter 2 Non-linear Equations 53 Chapter 3 Mathematics of Finance 93 Chapter 4 Differentiation 115 Chapter 5 Partial Differentiation 166 Chapter 6 Integration 201 Chapter 7 Matrices 219 Chapter 8 Linear Programming 241 Chapter 9 Dynamics 261 Excel 278 Advanced Topics Advanced Topic 1 Differentiation from First Principles 313 Advanced Topic 2 Implicit Differentiation 317 Advanced Topic 3 Hessians 320 Advanced Topic 4 Input–Output Analysis 325 Solutions to Advanced Topics 338

SOLUTIONS TO PROBLEMS

CHAPTER 1

Linear Equations

Section 1.1 Introduction to algebra

Practice Problems

1. (a) −30 (b) 2 (c) −5

(d) 5 (e) 36 (f) −1

2. (a) −1 (b) −7 (c) 5

(d) 0 (e) −91 (f) −5

3. (a) 19 (b) 1500 (c) 32

(d) 35

4. (a) 9 xy + (b) 24yz +

(c) not possible

(d) 8322 rsrss ++− (e) 4 f

(f) not possible (g) 0

5. (a) 5z − 2z 2

(b) 6x − 6y + 3y − 6x = −3y

(c) x − y + z − x 2 − x + y = z − x 2

6. (a) 7(3) d + (b) 4(45) wq

(c) 3(23) xyz −+ (d) 5(12) QQ

7. (a) x 2 − 2x + 3x − 6 = x 2 + x – 6

(b) x 2 − xy + yx − y 2 = x 2 − y 2

(c) x 2 + xy + yx + y 2 = x 2 + 2xy + y 2

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4

(d) 5x 2 − 5xy + 5x + 2yx − 2y 2 + 2y = 5x 2 − 3xy + 5x − 2y 2 + 2y

8. (a) (x + 8) (x – 8)

(b) (2x + 9) (2x − 9)

Exercise 1.1 (p. 18)

1. (a) 20 (b) 3 (c) 4 (d) 1

(e) 12 (f) 50 (g) 5 (h) 3

(i) 30 (j) 4.

2. (a) 1 (b) 3 (c) 11 (d) 16

(e) 1 (f) 13 (g) 11 (h) 0

(i) 31 (j) 2

3. (a) 3 (b) 2 (c) 18 (d) 15

(e) 41 (f) 3 (g) 18 (h) 6

(i) 25 (j) 6

4. (a) 2 PQ (b) 8I (c) 3xy (d) 4 qwz

(e) 2 b (f) 2 3k

5. (a) 19 w (b) 47xy (c) 922abc +−

(d) 2 2 xx + (e) 43ccd (f) 22 29 stst+++

6. (a) 10 (b) 18 (c) 2000

(d) 96 (e) 70

7. (a) 1 (b) 5 (c) 6 (d) −6

(e) 30 (f) 44

8. (a) 16

(b) Presented with the calculation, −42, your calculator uses BIDMAS, so squares first to get 16 and then subtracts from zero to give a final answer, −16. To obtain the correct answer you need to use brackets:

© Pearson Education Limited 2018

Jacques, Mathematics for Economics and Business, 9e, Instructor’s Manual 5

17. 1.230001000(21);$204000SNEA =++−

Section 1.2 Further algebra

Jacques, Mathematics for Economics and Business, 9e, Instructor’s Manual 6 © Pearson Education Limited 2018 ( - 4 ) x 2 = 9. (a) 9 (b) 21 no. 10. (a) 43.96 (b) 1.13 (c) 10.34 (d) 0.17 (e) 27.38 (f) 3.72 (g) 62.70 (h) 2.39 11. (a) 77xy (b) 156xy (c) 412 x + (d) 217 x (e) 333 xyz ++ (f) 2 34xx (g) 2262254 yzxyzxyz +−−+=−−+ 12. (a) 5(56) c + (b) 9(2) x (c) (2)xx + (d) 4(43) xy (e) 2(23) xxy (f) 5(2310) de−+ 13. (a) 2 710xx++ (b) 2 34aa+− (c) 2 524dd (d) 2 62321 ss++ (e) 2 253 yy++ (f) 2 103114 tt (g) 2 94 n (h) 22 2 aabb −+ 14. (a) 62xy + (b) 2 1133 xx (c) 142 xyx + (d) 62 xyzxy + (e) 102ab (f) 1722xy + (g) 113 p (h) 2 10 xx + 15. (a) (2)(2) xx+− (b) (7)(7) QQ+− (c) ()() xyxy +− (d) (310)(310) xyxy +− 16. (a) 2 482 xx+− (b) 22 3231513 xxxxx +−−=−
18. (a) 8060 CLK =++ (b) 101.25 Cx =+ (c) 510 Hab =+ (d) XCdcm =+
Practice Problems 1. (a) 3 5 (b) 4 5 (c) 1 2 y (d) 1 23x + (e) 1 4 x

2. (a) 13133 24248 × ×== ×

(b) 717 144 ×=

(c) 13 14

28293 39384 ÷=×=

(d) 1 881 16 99 16 / ÷=× 2

3. (a) 312 777 −=

1 18 =

(b) 125611 35151515 +=+=

(c) 711495 184363636 −=−=

4. (a) 5 1 x 1 x × 5 22xx = ++

(b) 22 1(1) 1011010 xxxxxx xxxxx ++ ÷=×= ++++

(c) 41415 1111xxxx + +== ++++

(d) 21 12xx++ 2(2)(1)(1)

(1)(2)(1)(2)

(24)(1)(3)

++ =− ++++ +−++ == ++++

(1)(2)(1)(2)

xx xxxx xxx xxxx

5. (a) 4125 x += 424 x = (subtract 1 from both sides)

6 x = (divide both sides by 4)

© Pearson Education Limited 2018

7
Jacques, Mathematics for Economics and Business, 9e, Instructor’s Manual

(b) 4557

xx xx x =−

+=−

57 (subtract 4 from both sides)

=

962210 xx −+−= (multiply out brackets)

7410 x −= (collect like terms)

43 x −= (subtract 7 from both sides)

3 4 x =− (divide both sides by −4)

(d) 4 5 1 x =

45(1)(multiplybothsidesby1)

455(multiplyoutbrackets)

95(add5tobothsides)

9 (dividebothsidesby5)

= =

3(1)5(cross-multiplication)

335(multiplyoutbrackets)

xx xx xx x −= −= −= −=

3 (dividebothsideby2) 2

(c) 3 > 0 (true) (d) same as (c)

(e) 2 > 1 (true) (f) −24 > −12 (false)

(g) −6 > −3 (false) (h) −2 > −1 (false)

(i) −4 > −7 (true).

7. (a) 2x < 3x + 7

x < 7 (subtract 3x from both sides)

x > −7 (divide both sides by −1 changing sense because −1 < 0)

© Pearson Education Limited 2018

Jacques, Mathematics for Economics and Business, 9e, Instructor’s Manual 8
12 (add 7 to both sides)
(c) 3(32)2(1)10 xx −+−=
5 xx x x x =−− =−
(e) 35 1 xx =
32(subtract3frombothsides)
6. (a) 12 > 9 (true) (b) 12 > 6 (true)

(b) 2119415 xx−≥+

171915 x −≥ (subtract 4x from both sides)

17x ≥ 34 (add 19 to both sides)

x ≥ 2 (divide both sides by 17, leaving inequality unchanged because 17 > 0) Exercise 1.2 (p.

36)

5.

; 222(1)2 xx xx

other two have no common factors on top and bottom.

© Pearson Education Limited 2018

Jacques,
9e,
9
Mathematics for Economics and Business,
Instructor’s Manual
1. (a) 1 2 (b) 3 4 (c) 3 5 (d) 1 3 (e) 41 1 33 = 2. (a) 357 10020 = ; 5614 10025 = (b) 563 1 355 = 3. (a) 2 3 x (b) 1 2 x (c) 1 ac (d) 2 3 x y (e) 3 4 a b .
(a) 2 2(23)23 pp qrqr = ++ (b) 1 (4)4 x xxx = (c) 3 3(21)21 abb aaa = ++
142 7(3)3 d dee = (e) 21 (using the difference of
(2)(2)2 squares for the denominator) x xxx + = +−−
4.
(d)
two
6. (a) 3 7 (b) 1 3 (c) 325 666 += (d) 1587 202020 −= (e) 347 181818 += (f) 145 666 += (g) 1 2 535 648 / ×= / (h) 21 51 432 1525 / / ×= // / (i) 1 4 727 8312 / ×= / (j) 11 152 251 75430 / / ×= / // (k) 212 9327 ×= (l) 37211 10 1222 ×== 7. 192 11 11955954 47138 242425 / / / ÷=÷=×= / / 8. (a) 2131 333xxxx +== (b) 1 1 22 55 x x / ×= / (c) 2222 323232 xx xxxxx −=−=
111
==

9. (a) 27 x +=

x = 5 (subtract 2 from both sides)

(b) 3x = 18

x= 6 (divide both sides by 3)

(c) 2 9 x =

x = 18 (multiply both sides by 9)

(d) 42 x −=−

x= 2 (add 4 to both sides)

(e) 2317 x −=

220 x = (add 3 to both sides)

x= 10 (divide both sides by 2)

(f) 341 x +=

33 x =− (subtract 4 from both sides)

x = 1 (divide both sides by 3)

(g) 73 6 x −= 10 6 x = (add 7 to both sides)

60 x = (multiply both sides by 6)

(h) 3(1)2 x −=

332 x −= (multiply out brackets)

35 x = (add 3 to both sides)

52 1 33 x == (divide both sides by 3)

Jacques, Mathematics for Economics and Business, 9e, Instructor’s Manual 10 © Pearson Education Limited 2018 (d) 727272 yxyx xyxyxyxy + +=+= (e) 13 11 6 3 262 aaa a / / ÷=×= / /
5515101510 1218363636 cdcdcd + +=+= (g) 1 2 5 x y + 51 y × 2 33 x xx + = ++
22 1 424918 79727 ghgghhh hg / / ÷=×= / / (i) 1 5 44520 ttt ÷=×= (j) 11 11 1 PQ QP / / ×= / /
(f)
(h)

(i) 49 x −=

5 x −= (subtract 4 from both sides)

5 x =− (divide both sides by −1)

(j) 6251 xx+=−

21 x +=− (subtract 5x from both sides)

3 x =− (subtract 2 from both sides)

(k) 5(38)10 x +=

154010 x += (multiply out brackets)

1530 x =− (subtract 40 from both sides)

2 x =− (divide both sides by 15)

(l) 2(3)5(1) xx−=+

2655 xx−=+ (multiply out brackets)

365 x −−= (subtract 5x from both sides)

311 x −= (add 6 to both sides)

112 3 33 x ==− (divide both sides by 3 )

(m) 47 2 3 x =

476 x −= (multiply both sides by 3) 413 x = (add 7 to both sides) 131 3 44 x == (divide both sides by 4)

(n) 4 1 1 x = + 41 x =+ (multiply both sides by x + 1)

3 = x (subtract 1 from both sides)

(o) 1 51 x −= 1 51 x =+ (add 1 x to both sides) 1 4 x = (subtract 1 from both sides)

41 x = (multiply both sides by x) 1 4 x = (divide both sides by 4)

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Jacques, Mathematics for Economics and Business, 9e, Instructor’s Manual 11

10. (a), (d), (e), (f)

11. (a) 21 xx>+

x > 1 (subtract x from both sides)

(b) 7395 xx +≤+

239 x +≤ (subtract 5x from both sides)

26 x ≤ (subtract 3 from both sides)

3 x ≤ (divide both sides by 2)

(c) 544xx−>+

354 x −−> (subtract 4x from both sides)

39 x −> (add 5 to both sides)

3 x <− (divide both sides by 3 )

(d) 123xx−<−

13 x −−<− (subtract 2x form both sides)

2 x −<− (add 1 to both sides)

x > 2 (divide both sides by 1)

12. 2 223

4242

13. (a) 6(2)5(14) xx+=−

126520xx+=− (multiply out brackets)

12265 x += (add 20x to both sides)

267 x =− (subtract 12 from both sides)

7 26 x =− (divide both sides by 26)

(b) 36514 xx+≥−

2614 x −+≥− (subtract 5x from both sides)

220 x −≥− (subtract 6 from both sides)

10

x ≤ (divide both sides by 2 )

Jacques, Mathematics for Economics and Business, 9e, Instructor’s Manual 12
© Pearson Education Limited 2018
1
2
xyxyxyx
/ ÷=×= / /
xy
/

Section 1.3 Graphs of linear equations

Practice Problems

1. From Figure S1.1, note that all five points lie on a straight line.

The graph is sketched in Figure S1.2.

The graph shows that (3, −1) does not lie on the line. This can be verified algebraically:

+ 3(−1) = 6 − 3 = 3 ≠ 4

Jacques, Mathematics for Economics and Business, 9e, Instructor’s Manual 13
Education
© Pearson
Limited 2018
Figure S1.1
Point Check (−1,2) 2(−1) + 3(2) = −2 + 6 = 4 ✓ (−4,4) 2(−4) + 3(4) = −8 + 12 = 4 ✓ (5, −2) 2(5) + 3(−2) = 10 − 6 = 4 ✓ (2,0) 2(2) + 3(0) = 4 + 0 = 4 ✓
2.
2(3)
Figure S1.2

3. 324

3(2)24(substitute 2)

624

22(subtract 6 from both sides)

1(divide both sides by 2)

Hence (2, 1) lies on the line.

324

3(2)24

624(substitute 2) 210(add 6 to both sides)

5(divide both sides by2)

Hence (−2, −5) lies on the line.

The line is sketched in Figure S1.3.

4. 22xy−=

022(substitute 0) 22

−== −= =−−

yx y y

1(divide both sides by 2)

Hence (0, –1) lies on the line. 2 2

xy xy x x

−= −== −= =

2(0) 2 (substitute 0) 0 2 2

Hence (2, 0) lies on the line.

Jacques, Mathematics for Economics and Business, 9e, Instructor’s Manual 14
© Pearson Education Limited 2018
xy yx y y y −= −== −= −=− =−
xy y yx y y −= −−= −−==− −= =−−
Figure S1.3

The graph is sketched in Figure S1.4.

6. (a) a = 1, b = 2. The graph is sketched in Figure S1.6.

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Jacques, Mathematics for Economics and Business, 9e, Instructor’s Manual 15
Figure S1.4 5. From Figure S1.5, the point of intersection is (1, −½). Figure S1.5 Figure S1.6

421

(b) 1 2 1 2

214(subtract 4 from both sides)

2(divide both sides by 2) so 2, . The graph is sketched in Figure S1.7.

Exercise 1.3 (p. 52)

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Jacques, Mathematics for Economics and Business, 9e, Instructor’s Manual 16
xy yxx yx ab += =− =− =−=
Figure S1.7 1. From Figure S1.8, the point of intersection is (2, 3). Figure S1.8

2 (a) The graph is sketched in Figure S1.9.

(b) (i) $540 (ii) 2500 km

3. A,C,D,E

4. (a) 3108 x −=

318 x = (add 10 to both sides)

x = 6 (divide both sides by 3)

(b) 358 y −=

55 y −= (subtract 3 from both sides)

1 y =− (divide both sides by 5 ) (6,2),(1,1).

5. x y

Jacques, Mathematics for Economics and Business, 9e, Instructor’s Manual 17
© Pearson Education Limited 2018 Figure S1.9
8 6 0 3 4
0

The graph is sketched in Figure S1.10.

6. (a) The line 22 xy −+= passes through (0, 2) and (−1, 0)

The line 26 xy+=− passes through (0, −6) and (−3, 0)

The point of intersection has coordinates (–2, –2)

(b) The line 3412 xy+= passes through (0, 3) and (4, 0)

The line 48xy+= passes through (0, 2) and (8, 0)

The point of intersection has coordinates (2, 1 1 2 )

(c) The line 24 xy+= passes through (0, 4) and (2, 0)

The line 433 xy−= passes through (0, −1) and (3/4, 0)

The point of intersection has coordinates (1 1 2 , 1)

(d) The line 1 xy+= passes through (0, 1) and (1, 0)

The line 6515 xy+= passes through (0, 3) and (5/2, 0)

The point of intersection has coordinates (10, –9)

7. (a) 5, 9 (b) 3, 1 (c) 1,13

(d) 4 xy −+= 4 yx=+ (add x to both sides)

so the slope is 1 and the y-intercept is 4

© Pearson Education Limited 2018

Jacques, Mathematics for Economics and Business, 9e, Instructor’s Manual 18
Figure S1.10

(e) 425 xy+=

245 yx=−+ (subtract 4x from both sides)

5 2 2 yx=−+ (divide both sides by 2)

so the slope is 2 and the y-intercept is 5 2

(f) 56 xy−=

56yx −=−+ (subtract 5x from both sides)

56yx=− (divide both sides by 1)

so the slope is 5 and the y-intercept is 6

8. (a) The line has a slope of 1 and a y-intercept of 0. The line passes through the origin and for every one unit along the graph goes down 1. The graph is sketched in Figure S1.11.

(b) 26xy−=

26 yx −=−+ (subtract x from both sides)

1 3 2 yx=− (divide both sides by –2)

so the line has a slope of 1/2 and a y-intercept of 3

The line passes through the point (0,3) and for every unit along the graph goes up by 1/2 unit, or equivalently, for every 2 units along it goes up by 1 unit.

The graph is sketched in Figure S1.12.

Jacques, Mathematics for Economics and Business, 9e, Instructor’s Manual 19
© Pearson Education Limited 2018
Figure S1.11
Jacques, Mathematics for Economics and Business, 9e, Instructor’s Manual 20
2018
© Pearson Education Limited
Figure S1.12 9. (a) 42.5 Cx =+ (b) The graph is sketched in Figure S1.13.
and
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Figure S1.13
Mathematics for Economics
Business Full

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