Assignment A
Answer the following Long Category questions in about 500 words each. Each question carries 20\mathbf{2 0} marks. Word limit will not apply in the case of numerical questions.
2xx20=402 \times 20=40
Consider the following two matrices A=([-1,1,2],[1,-1,-2],[-2,2,4])A=\left(\begin{array}{ccc}-1 & 1 & 2 \\ 1 & -1 & -2 \\ -2 & 2 & 4\end{array}\right) B=([1,0,-1],[-1,1,1],[1,-1,-1])\mathrm{B}=\left(\begin{array}{ccc}1 & 0 & -1 \\ -1 & 1 & 1 \\ 1 & -1 & -1\end{array}\right)
(i) Find the rank of ‘ A ‘ and ‘ B ‘
(ii) Show that (AB)^(-1)=B^(-1)A^(-1)(\mathrm{AB})^{-1}=\mathrm{B}^{-1} \mathrm{~A}^{-1}
(iii) Show that (A^(-1))^(-1)=A\left(\mathrm{A}^{-1}\right)^{-1}=\mathrm{A}
(iv) Show that (B^(-1))^(-1)=B\left(\mathrm{B}^{-1}\right)^{-1}=\mathrm{B}
An individual consumer consumes two commodities X_(1)&X_(2)X_1 \& X_2. The utility function is
U=X_(1)^(0.4)X_(2)^(0.6)U=X_1^{0.4} X_2^{0.6}
The price of commodity one is P_(1)=\mathrm{P}_1= Rs. 3.00 , the price of commodity two is P_(2)=\mathrm{P}_2= Rs.4.00, the individual’s income per period is Rs.108. Determine the utility maximizing level of X_(1)&X_(2)\mathrm{X}_1 \& \mathrm{X}_2 and derive the demand curves for the two commodities.
Assignment B
Answer the following Middle Category questions in about 250 words each. Each question carries 10\mathbf{1 0} marks. Word limit will not apply in the case of numerical questions.
3xx10=303 \times 10=30
Let Z=f(x,y)=3x^(3)-5y^(2)-225 x+70 y+23Z=f(x, y)=3 x^3-5 y^2-225 x+70 y+23.
(i) Find the stationary points of zz.
(ii) Determine if at these points the function is at a relative maximum, relative minimum, infixion point, or saddle point.
Find the maximum value for f(x,y)f(x, y) if xx and yy are constrained to sum to 1 (That is, x+y=1x+y=1 ). Solve the problem in two ways: by substitution and by using the Lagrangian multiplier method.
Assignment C
Answer the following Short Category questions in about 100 words each
6. Define
a. Adjugate of a matrix
b. Decomposable matrix
c. Singular matrix
7. Evaluate int(7x-2)sqrt(3x+2)dx\int(7 x-2) \sqrt{3 x+2} d x
8. Explain the concept of maximum value function.
Let the production function by Q=AL^(a)K^(b)Q=A L^a K^b. Find the elasticity of production with respect to labour (L).
Denote by a,b\mathbf{a}, \mathbf{b} and c\mathbf{c} the column vectors
(i) Find the rank of ‘ A ‘ and ‘ B ‘
(ii) Show that (AB)^(-1)=B^(-1)A^(-1)(AB)^{-1}=B^{-1}A^{-1}
(iii) Show that (A^(-1))^(-1)=A(A^{-1})^{-1}=A
(iv) Show that (B^(-1))^(-1)=B(B^{-1})^{-1}=B
An individual consumer consumes two commodities X_(1)&X_(2)X_1 \& X_2. The utility function is
U=X_(1)^(0.4)X_(2)^(0.6)U=X_1^{0.4} X_2^{0.6}
The price of commodity one is P_(1)=\mathrm{P}_1= Rs. 3.00 , the price of commodity two is P_(2)=\mathrm{P}_2= Rs.4.00, the individual’s income per period is Rs.108. Determine the utility maximizing level of X_(1)&X_(2)X_1 \& X_2 and derive the demand curves for the two commodities.
Answer:
To determine the utility-maximizing quantities of commodities X_(1)X_1 and X_(2)X_2 and to derive the demand curves, we’ll follow these steps:
Set up the utility maximization problem.
Formulate the budget constraint.
Use the Lagrangian method to find the optimal consumption bundle.
Derive the demand curves for X_(1)X_1 and X_(2)X_2.
1. Utility Function and Budget Constraint
The utility function is given by:
U=X_(1)^(0.4)X_(2)^(0.6)U = X_1^{0.4} X_2^{0.6}
The prices and income are:
Price of X_(1)X_1: P_(1)=3P_1 = 3
Price of X_(2)X_2: P_(2)=4P_2 = 4
Income: I=108I = 108
The budget constraint is:
3X_(1)+4X_(2)=1083X_1 + 4X_2 = 108
2. Lagrangian Function
Given the utility function and budget constraint, we can set up the Lagrangian function (L\mathcal{L}) as follows:
Here, lambda\lambda is the Lagrange multiplier, which represents the marginal utility of income.
3. First-Order Conditions
To find the utility-maximizing quantities of X_(1)X_1 and X_(2)X_2, we take the partial derivatives of L\mathcal{L} with respect to X_(1)X_1, X_(2)X_2, and lambda\lambda, and set them to zero:
Plugging in the values for P_(1)P_1, P_(2)P_2, and II:
Demand for X_(1)X_1:X_(1)=(43.2)/(P_(1))X_1 = \frac{43.2}{P_1}
Demand for X_(2)X_2:X_(2)=(64.8)/(P_(2))X_2 = \frac{64.8}{P_2}
These equations represent the demand curves for the two commodities.
Question:-3
Let Z=f(x,y)=3x^(3)-5y^(2)-225 x+70 y+23Z=f(x, y)=3 x^3-5 y^2-225 x+70 y+23.
(i) Find the stationary points of zz.
(ii) Determine if at these points the function is at a relative maximum, relative minimum, inflection point, or saddle point.
Answer:
To solve this problem, we’ll follow these steps:
Find the stationary points by setting the first partial derivatives equal to zero.
Classify these points using the second derivative test.
To find the stationary points, we need to find where both partial derivatives (del z)/(del x)\frac{\partial z}{\partial x} and (del z)/(del y)\frac{\partial z}{\partial y} are equal to zero.
(del^(2)z)/(del x del y)=0\frac{\partial^2 z}{\partial x \partial y} = 0
Step 2: Calculate the Hessian Determinant
The Hessian matrixHH is:
[
H = [[(del^(2)z)/(delx^(2)),(del^(2)z)/(del x del y)],[(del^(2)z)/(del x del y),(del^(2)z)/(dely^(2))]]\begin{bmatrix}
\frac{\partial^2 z}{\partial x^2} & \frac{\partial^2 z}{\partial x \partial y} \\
\frac{\partial^2 z}{\partial x \partial y} & \frac{\partial^2 z}{\partial y^2}
\end{bmatrix}
Since D(-5,7) > 0D(-5, 7) > 0 and (del^(2)z)/(delx^(2))=18(-5)=-90 < 0\frac{\partial^2 z}{\partial x^2} = 18(-5) = -90 < 0, the point (-5,7)(-5, 7) is a relative maximum.
Summary of Results
The stationary points are (5,7)(5, 7) and (-5,7)(-5, 7).
with the initial conditions y(0)=4y(0) = 4 and (dy)/(dx)(0)=1\frac{d y}{d x}(0) = 1, we will follow these steps:
Find the general solution to the homogeneous differential equation.
Apply the initial conditions to determine the constants.
Step 1: Solve the Characteristic Equation
The given differential equation is a linear homogeneous second-order differential equation with constant coefficients. We start by finding the characteristic equation associated with it:
If Z=f(x,y)=xyZ=f(x, y)=x y
Find the maximum value for f(x,y)f(x, y) if xx and yy are constrained to sum to 1 (That is, x+y=1x+y=1). Solve the problem in two ways: by substitution and by using the Lagrangian multiplier method.
Answer:
To find the maximum value of the function Z=f(x,y)=xyZ = f(x, y) = xy under the constraint x+y=1x + y = 1, we will solve the problem using two methods:
By Substitution
By Using the Lagrangian Multiplier Method
1. Method of Substitution
Given the constraint x+y=1x + y = 1, we can solve for yy in terms of xx:
y=1-xy = 1 – x
Substitute this expression for yy in the function f(x,y)=xyf(x, y) = xy:
Z=x(1-x)Z = x(1 – x)
This simplifies to:
Z=x-x^(2)Z = x – x^2
Now, to find the maximum value, take the derivative of ZZ with respect to xx and set it to zero:
(dZ)/(dx)=1-2x=0\frac{dZ}{dx} = 1 – 2x = 0
Solve for xx:
2x=1Longrightarrowx=(1)/(2)2x = 1 \implies x = \frac{1}{2}
Given x=(1)/(2)x = \frac{1}{2}, we find yy using the constraint:
Maximum value of ZZ by the Lagrangian method is (1)/(4)\frac{1}{4}.
Conclusion
In both methods, the maximum value of f(x,y)=xyf(x, y) = xy under the constraint x+y=1x + y = 1 is (1)/(4)\frac{1}{4}.
Question:-6(a)
Define Adjugate of a matrix
Answer:
The adjugate (or adjoint) of a matrix is a key concept in linear algebra that is used in various matrix operations, including finding the inverse of a matrix. Here’s a formal definition:
Definition of the Adjugate of a Matrix
For a given square matrix A=[a_(ij)]A = [a_{ij}] of size n xx nn \times n, the adjugate of AA, denoted as “adj”(A)\text{adj}(A) or sometimes “adjugate”(A)\text{adjugate}(A), is the transpose of the cofactor matrix of AA.
Steps to Find the Adjugate of a Matrix:
Cofactor Matrix: Compute the cofactor matrix CC of AA. The cofactor C_(ij)C_{ij} of an element a_(ij)a_{ij} in AA is given by:
C_(ij)=(-1)^(i+j)M_(ij)C_{ij} = (-1)^{i+j} M_{ij}
where M_(ij)M_{ij} is the minor of the element a_(ij)a_{ij}. The minor M_(ij)M_{ij} is the determinant of the (n-1)xx(n-1)(n-1) \times (n-1) matrix that results from deleting the ii-th row and jj-th column from AA.
Transpose of the Cofactor Matrix: Once all cofactors C_(ij)C_{ij} are calculated and arranged into a matrix CC, take the transpose of this matrix to get the adjugate matrix “adj”(A)\text{adj}(A):
“adj”(A)=C^(T)\text{adj}(A) = C^T
Example
Let’s consider a 2xx22 \times 2 matrix AA:
A=[[a,b],[c,d]]A = \begin{bmatrix}
a & b \\
c & d
\end{bmatrix}
Cofactor MatrixCC:
The cofactor of a_(11)=aa_{11} = a is C_(11)=dC_{11} = d (minor is dd, no sign change as (-1)^(1+1)=1(-1)^{1+1} = 1).
The cofactor of a_(12)=ba_{12} = b is C_(12)=-cC_{12} = -c (minor is cc, sign change as (-1)^(1+2)=-1(-1)^{1+2} = -1).
The cofactor of a_(21)=ca_{21} = c is C_(21)=-bC_{21} = -b (minor is bb, sign change as (-1)^(2+1)=-1(-1)^{2+1} = -1).
The cofactor of a_(22)=da_{22} = d is C_(22)=aC_{22} = a (minor is aa, no sign change as (-1)^(2+2)=1(-1)^{2+2} = 1).
So, the cofactor matrix CC is:
C=[[d,-c],[-b,a]]C = \begin{bmatrix}
d & -c \\
-b & a
\end{bmatrix}
Adjugate Matrix“adj”(A)\text{adj}(A):
The adjugate of AA is the transpose of CC:
“adj”(A)=C^(T)=[[d,-b],[-c,a]]\text{adj}(A) = C^T = \begin{bmatrix}
d & -b \\
-c & a
\end{bmatrix}
Importance of the Adjugate
The adjugate of a matrix is particularly useful in finding the inverse of a matrix. For an invertible matrix AA, the inverse A^(-1)A^{-1} can be found using the adjugate:
A decomposable matrix (also known as a reducible matrix) is a square matrix that can be transformed into a block upper triangular form via simultaneous row and column permutations. This means that the matrix can be rearranged so that it has a block structure with zero entries below the main diagonal block.
Formal Definition
A square matrix A=[a_(ij)]A = [a_{ij}] of size n xx nn \times n is said to be decomposable or reducible if there exists a permutation matrix PP such that:
PAP^(T)=[[B,C],[0,D]]PAP^T = \begin{bmatrix}
B & C \\
0 & D
\end{bmatrix}
where:
BB and DD are square matrices (of sizes k xx kk \times k and (n-k)xx(n-k)(n-k) \times (n-k) respectively, for some 0 < k < n0 < k < n),
CC is a matrix (of size k xx(n-k)k \times (n-k)),
The zero block is a matrix of zeros (of size (n-k)xx k(n-k) \times k).
If no such permutation matrix PP exists, the matrix AA is called indecomposable or irreducible.
Key Points
Permutation Matrix: A permutation matrix is a square binary matrix (containing only 0s and 1s) that has exactly one entry of 1 in each row and each column, with all other entries being 0. It represents a reordering of the rows or columns of the identity matrix.
Block Upper Triangular Form: This form has all elements below the main diagonal blocks as zeros, which indicates that the matrix can be divided into independent submatrices. This is significant in many computational and theoretical contexts, such as solving systems of linear equations or in analyzing the structure of matrices.
In this case, AA is decomposable because it can be transformed into an upper block triangular form. The structure of AA shows that the matrix can be split into smaller subproblems (represented by BB and DD) that are more manageable.
Applications
Graph Theory: In graph theory, a matrix is decomposable if the corresponding directed graph is not strongly connected. The concept of decomposability is related to finding strongly connected components in graphs.
Linear Algebra: Decomposable matrices are useful in simplifying the solution of linear systems, eigenvalue problems, and other matrix-related computations by breaking down complex matrices into simpler components.
Question:-6(c)
Define Singular matrix
Answer:
A singular matrix is a square matrix (a matrix with the same number of rows and columns) that does not have an inverse. In other words, a square matrix AA is singular if there is no matrix BB such that:
AB=BA=IAB = BA = I
where II is the identity matrix of the same size as AA.
Characteristics of a Singular Matrix
Determinant is Zero: The most straightforward criterion for a matrix to be singular is that its determinant is zero. For a square matrix AA, if det(A)=0\det(A) = 0, then AA is singular. Conversely, if det(A)!=0\det(A) \neq 0, the matrix is said to be nonsingular (or invertible).
No Inverse: A singular matrix does not have an inverse matrix. If you attempt to compute the inverse of a singular matrix using standard algorithms (like Gaussian elimination), you will not be able to complete the operation because of a division by zero or the inability to achieve row reduction to an identity matrix.
Linearly Dependent Rows or Columns: A matrix is singular if its rows or columns are linearly dependent. This means that at least one row (or column) can be expressed as a linear combination of the other rows (or columns). When this happens, the matrix loses full rank, and its determinant becomes zero.
Rank Deficiency: The rank of a matrix is the maximum number of linearly independent rows or columns. A square matrix AA of size n xx nn \times n is singular if its rank is less than nn. A nonsingular matrix, by contrast, has full rank nn.
Since the determinant is zero, matrix AA is singular.
Additionally, you can observe that the second row is a scalar multiple of the first row (specifically, the second row is half of the first row). This indicates that the rows are linearly dependent, confirming that the matrix is singular.
Implications of a Singular Matrix
Systems of Linear Equations: A singular matrix implies that a system of linear equations represented by this matrix has either no solutions or infinitely many solutions. This is because there isn’t a unique solution when the determinant is zero.
Computational Issues: In numerical computations, singular matrices can cause problems because algorithms that depend on matrix inversion will fail. Techniques such as regularization or pseudo-inverse methods (like the Moore-Penrose inverse) are used to handle singular or nearly singular matrices.
In summary, a singular matrix is a square matrix without an inverse, characterized by a zero determinant and linear dependence among its rows or columns.
Question:-7
Evaluate int(7x-2)sqrt(3x+2)dx\int(7 x-2) \sqrt{3 x+2} d x
The maximum value function refers to a function that determines the greatest value of a given function over a specific domain or under certain conditions. This concept is fundamental in calculus, optimization, economics, and various fields where finding optimal solutions is essential.
Understanding the Maximum Value of a Function
Definition:
The maximum value of a function f(x)f(x) is the highest output value that the function achieves within a particular domain (a specified set of input values).
Local vs. Global Maximum:
Local Maximum: A point x=cx = c is a local maximum if, within some small neighborhood around cc, f(c)f(c) is greater than or equal to all other function values. Formally, f(c)f(c) is a local maximum if there exists an interval (a,b)(a, b) containing cc such that f(x) <= f(c)f(x) \leq f(c) for all x in(a,b)x \in (a, b).
Global Maximum: A point x=cx = c is a global (or absolute) maximum if f(c)f(c) is greater than or equal to all other function values over the entire domain of f(x)f(x). Formally, f(c)f(c) is a global maximum if f(x) <= f(c)f(x) \leq f(c) for all xx in the domain of ff.
Finding Maximum Values:
To find the maximum value of a function, one can use various methods depending on the nature of the function:
Calculus (Derivative Test): For a differentiable function, you find the critical points by setting the first derivative f^(‘)(x)f'(x) equal to zero or where f^(‘)(x)f'(x) does not exist. The critical points are then tested using the second derivative test or first derivative test to determine if they are maxima.
Closed Interval Method: If the function is defined on a closed interval [a,b][a, b], evaluate the function at critical points and endpoints aa and bb. The greatest value among these is the maximum value of the function on that interval.
Graphical Analysis: Sometimes visualizing the function can help identify maximum points, especially for more intuitive understanding or for functions that are not easily differentiable.
Applications:
Optimization Problems: Finding maximum values is central to optimization problems where one seeks to maximize profit, efficiency, yield, or other desirable outcomes.
Economics: In economics, the maximum value of a utility function, production function, or profit function represents the optimal point where a firm or consumer achieves the highest satisfaction, output, or profit.
Physics and Engineering: Maximum values can represent peak stress points, maximum energy states, or other critical conditions in physical systems.
Examples
Quadratic Function:
Consider f(x)=-x^(2)+4x+1f(x) = -x^2 + 4x + 1. To find its maximum value:
The first derivative is f^(‘)(x)=-2x+4f'(x) = -2x + 4.
Set f^(‘)(x)=0f'(x) = 0 to find the critical point: -2x+4=0-2x + 4 = 0 implies x=2x = 2.
The second derivative f^(″)(x)=-2f”(x) = -2 is negative, indicating a local maximum.
Thus, the maximum value occurs at x=2x = 2 and f(2)=-2^(2)+4xx2+1=5f(2) = -2^2 + 4 \times 2 + 1 = 5. So, the maximum value is 55.
Constraint Optimization:
Consider a function f(x,y)=xyf(x, y) = xy subject to a constraint x+y=1x + y = 1. Using substitution or the Lagrangian method, one can find the maximum value of f(x,y)f(x, y) given the constraint, which, in this case, is (1)/(4)\frac{1}{4}.
Conclusion
The concept of the maximum value function is pivotal in understanding and solving problems where determining the highest achievable value is crucial. It leverages tools from calculus, algebra, and numerical methods, and it plays a significant role in various practical and theoretical applications across many disciplines.
Question:-9
Let the production function be Q=AL^(a)K^(b)Q=A L^a K^b. Find the elasticity of production with respect to labour (L).
Answer:
The elasticity of production with respect to labor (often referred to as the output elasticity of labor) measures the responsiveness of output (production, QQ) to a change in the amount of labor (LL), holding all other factors constant.
Given the Cobb-Douglas production function:
Q=AL^(a)K^(b)Q = A L^a K^b
where:
QQ is the total output,
AA is a constant representing total factor productivity,
LL is the quantity of labor,
KK is the quantity of capital,
aa and bb are the output elasticities of labor and capital, respectively.
Elasticity of Production with Respect to Labor
The elasticity of production with respect to labor, E_(L)E_L, is defined as the percentage change in output resulting from a one percent change in labor, holding capital constant. Mathematically, it’s given by:
Find the Partial Derivative of QQ with Respect to LL:
Differentiate Q=AL^(a)K^(b)Q = A L^a K^b with respect to LL:
(del Q)/(del L)=A*a*L^(a-1)*K^(b)\frac{\partial Q}{\partial L} = A \cdot a \cdot L^{a-1} \cdot K^b
Substitute into the Elasticity Formula:
Now, plug (del Q)/(del L)\frac{\partial Q}{\partial L} and Q=AL^(a)K^(b)Q = A L^a K^b into the elasticity formula:
E_(L)=(A*a*L^(a-1)*K^(b))*(L)/(AL^(a)K^(b))E_L = \left( A \cdot a \cdot L^{a-1} \cdot K^b \right) \cdot \frac{L}{A L^a K^b}
Simplify the Expression:
Simplify the expression by canceling out common terms:
E_(L)=a*(L^(a-1)*L)/(L^(a))=a*(L^(a))/(L^(a))=aE_L = a \cdot \frac{L^{a-1} \cdot L}{L^a} = a \cdot \frac{L^a}{L^a} = a
Conclusion
The elasticity of production with respect to labor for the Cobb-Douglas production function Q=AL^(a)K^(b)Q = A L^a K^b is aa. This means that the exponent aa in the production function represents the output elasticity of labor. If a=0.5a = 0.5, for instance, a 1% increase in labor input would lead to a 0.5% increase in output, assuming capital input KK is held constant.
Question:-10
Denote by a,b\mathbf{a}, \mathbf{b} and c\mathbf{c} the column vectors