MT105a Commentary 2021
MT105a Commentary 2021
Important note
This commentary reflects the examination and assessment arrangements for this course in the
academic year 2020–21. The format and structure of the examination may change in future years,
and any such changes will be publicised on the virtual learning environment (VLE).
Unless otherwise stated, all cross-references will be to the latest version of the subject guide (2011).
You should always attempt to use the most recent edition of any Essential reading textbook, even if
the commentary and/or online reading list and/or subject guide refer to an earlier edition. If
different editions of Essential reading are listed, please check the VLE for reading supplements – if
none are available, please use the contents list and index of the new edition to find the relevant
section.
General remarks
Learning outcomes
At the end of this half course and having completed the Essential reading and activities you should
have:
• used the concepts, terminology, methods and conventions covered in the half course to solve
mathematical problems in this subject
• the ability to solve unseen mathematical problems involving understanding of these concepts
and application of these methods
• seen how mathematical techniques can be used to solve problems in economics and related
subjects.
We start by emphasising that you should always include your working. This means two things.
First, you should not simply write down the answer in the examination script, but you should
explain the method by which it is obtained. Second, you should include rough working (even if it is
messy!). The examiners want you to get the right answers, of course, but it is more important that
you prove you know what you are doing: that is what is really being examined.
We also stress that if you have not completely solved a problem, you may still be awarded marks for
a partial, incomplete, or slightly wrong, solution; but, if you have written down a wrong answer and
nothing else, no marks can be awarded. So it is certainly in your interests to include all your
workings.
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MT105a Mathematics 1
You should ensure that you have covered the syllabus in order to perform well in the examination: it
is bad practice to concentrate only on a small range of major topics in the expectation that there
will be lots of marks obtainable for questions on these topics. There are no formal options in this
course: you should study the full extent of the topics described in the syllabus and subject guide. In
particular, since the whole syllabus is examinable, any topic could appear in the examination
questions.
Every examination paper is different. You should not assume that your examination will be almost
identical to the previous year’s: for instance, just because there was a question, or a part of a
question, on a certain topic last year, you should not assume there will be one on the same topic this
year. Each year, the examiners want to test that candidates know and understand a number of
mathematical methods and, in setting an examination paper, they try to test whether the candidate
does indeed know the methods, understands them, and is able to use them, and not merely whether
they vaguely remember them. Because of this, every year there are some questions which are likely
to seem unfamiliar, or different, from previous years’ questions. You should expect to be surprised
by some of the questions. Of course, you will only be examined on material in the syllabus, so all
questions can be answered using the material of the course. There will be enough, routine, familiar
content in the examination so that a candidate who has achieved competence in the course will pass,
but, of course, for a high mark, more is expected: you will have to demonstrate an ability to solve
new and unfamiliar problems.
Please do read the questions carefully. You might be asked to use specific methods, even when
others could be used. The purpose of the examination is to test that you know certain methods, so
the examiners might occasionally ask you to use a specific technique. In such circumstances, only
limited partial credit can be given if you do not use the specified technique. It is also worth reading
the question carefully so that you do not do more than is required (because it is unlikely that you
would get extra marks for doing so). For instance, if a question asked you only to find the critical
points of a function, but not their natures, then you should not determine their natures. Be careful
to read all questions carefully because, although they may look like previous examination questions
on first glance, there can be subtle differences.
Graph sketching
Some examinations in this subject ask you to sketch the graph of a function. Any sketching of
graphs should be done in the answer book. Graph paper is not needed. Indeed, as we have
mentioned often in the Examiners’ commentaries, the plotting of points in order to graph a function
is not the correct approach. A sketch of the graph of a function should indicate its shape, its
position with respect to the axes, and its intercepts on those axes: it need not be drawn to scale.
Graph paper is not necessary for this.
Calculators
You are reminded that calculators are not permitted in the examination for this course, under any
circumstances. The examiners know this, and so they set questions that do not require a calculator.
It is a good idea to prepare for this by attempting not to use your calculator as you study and revise
this course.
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Examiners’ commentaries 2021
Many candidates are disappointed to find that their examination performance is poorer than they
expected. This may be due to a number of reasons, but one particular failing is ‘question
spotting’, that is, confining your examination preparation to a few questions and/or topics which
have come up in past papers for the course. This can have serious consequences.
We recognise that candidates might not cover all topics in the syllabus in the same depth, but you
need to be aware that examiners are free to set questions on any aspect of the syllabus. This
means that you need to study enough of the syllabus to enable you to answer the required number of
examination questions.
The syllabus can be found in the Course information sheet available on the VLE. You should read
the syllabus carefully and ensure that you cover sufficient material in preparation for the
examination. Examiners will vary the topics and questions from year to year and may well set
questions that have not appeared in past papers. Examination papers may legitimately include
questions on any topic in the syllabus. So, although past papers can be helpful during your revision,
you cannot assume that topics or specific questions that have come up in past examinations will
occur again.
If you rely on a question-spotting strategy, it is likely you will find yourself in difficulties
when you sit the examination. We strongly advise you not to adopt this strategy.
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MT105a Mathematics 1
Important note
This commentary reflects the examination and assessment arrangements for this course in the
academic year 2020–21. The format and structure of the examination may change in future years,
and any such changes will be publicised on the virtual learning environment (VLE).
Unless otherwise stated, all cross-references will be to the latest version of the subject guide (2011).
You should always attempt to use the most recent edition of any Essential reading textbook, even if
the commentary and/or online reading list and/or subject guide refer to an earlier edition. If
different editions of Essential reading are listed, please check the VLE for reading supplements – if
none are available, please use the contents list and index of the new edition to find the relevant
section.
Candidates should answer all EIGHT questions: all SIX questions of Section A (60 marks in total)
and BOTH questions from Section B (20 marks each). Candidates are strongly advised to
divide their time accordingly.
Section A
Answer all six questions from this section (60 marks in total).
Question 1
We solve f 0 = 0. Now,
2 ln x
f 0 (x) = 1 − (ln x)2 − x = −(ln x)2 − 2 ln x + 1
x
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Examiners’ commentaries 2021
so we solve
(ln x)2 + 2 ln x − 1 = 0.
The solutions to w2 + 2w − 1 = 0 are
√
w = −1 ± 2
The natures of r and s can also be found by considering the behaviour of the sign of f 0 around
the points (remembering that f 0 (x) =√−(ln x)2 − 2 ln x + 1, not (ln x)2 + 2 ln x − 1).
√
f 0 changes
from negative to positive at s = e−1− 2 and from positive to negative at r = e−1+ 2 . We can see
this because
√ √
f 0 (x) = −(ln x)2 − 2 ln x + 1 = −(ln x − (−1 + 2))(ln x − (−1 − 2)).
Question 2
√
Z
x2 x − 1 dx.
2(u − 1)2
Z
du.
u
This is
Z
1
2 u−2+ du = u2 − 4u + 2 ln |u| + c
u
√ √ √
= (1 + x)2 − 4(1 + x) + 2 ln(1 + x) + c.
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MT105a Mathematics 1
√ √
The substitution u = x also works. With this choice, we have du = 1/(2 x) dx, so that
dx = 2u du and the integral becomes
2u2
Z
du.
1+u
This is
Z Z Z Z Z
2u(1 + u) 2u 2(1 + u) 1
du − du = 2u du − du + 2 du.
1+u 1+u 1+u 1+u
This is
√ √
u2 − 2u + 2 ln(1 + u) + c = x − 2 x + 2 ln(1 + x) + c.
We can use substitution for
√ the second integral. There is more than one substitution that will
work. We could use u = x − 1 or u = x − 1. Here is how it works with u = x − 1. Call the
integral I. We then have du = dx and
√
Z
I = (u + 1)2 u du
Z
= (u2 + 2u + 1)u1/2 du
Z
= u5/2 + 2u3/2 + u1/2 du
Question 3
Find the critical (or stationary) points of f and determine the nature of each.
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Examiners’ commentaries 2021
Question 4
2x + y = 3 + a
x − y − 2z = −4,
where a is some number.
y = 5 + a − 2(2 + a) = 1 − a
x = 4 + a − (1 − a) − (2 + a) − 1 = 1 + a.
For x, y, z to all be positive, we must have 2 + a, 1 − a, 1 + a > 0, which means a > −2, a < 1
and a > −1. So we need −1 < a < 1.
Question 5
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MT105a Mathematics 1
The Lagrange multiplier method for constrained optimisation is discussed in Chapter 5 of the
subject guide.
The Lagrangian is
p
L= x2 + 2y 2 − λ(x + y − 1).
x 2y
Lx = p −λ=0 and Ly = p −λ=0
x + 2y 2
2 x + 2y 2
2
so x = 2y.
You are not expected to check second-order conditions for constrained optimisation problems.
This is not part of the syllabus and there is no credit for doing it.
Question 6
A firm is the only supplier of two goods, X and Y , and the demand equations for
these goods are
1 1
x = 76 − pX and y = 50 − pY ,
2 4
where pX and pY are the prices of X and Y , and where x and y are (respectively)
the quantities of X and Y . The firm has a joint total cost function
Find an expression, in terms of x and y, for the firm’s profit. Determine also the
values of x and y that will maximise this profit.
We note that Πxx = −12 < 0 and Πxx Πyy − Π2xy = (−12)(−20) − (−4)2 > 0, so it is a local
maximum.
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Examiners’ commentaries 2021
Section B
Question 7
Given that Z 1
f (1) = 15, f 0 (1) = 44, and f (x) dx = 4,
0
find a system of linear equations for a, b and c and solve this using row
operations.
a + b + c = 15
2a + 3b + 4c = 44
a b c
+ + =4
3 4 5
or, equivalently,
a + b + c = 15
2a + 3b + 4c = 44
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MT105a Mathematics 1
So,
c=5
b = 14 − 10 = 4
a = 15 − 4 − 5 = 6.
This is probably a good point at which to make some general comments about how
questions are marked. Clearly, in a question like this, it is easy to get the wrong answer.
(Though it should be noted that in this particular question, you can always substitute the
values that you have found into the original equations, and this will show whether these are
correct or not. So you can tell if you have the wrong answer and, if you have time, you can
then re-work the calculation.) Examiners understand that arithmetical errors can be made,
especially in the stressful circumstances of an examination. Quite probably, the examiners
themselves would make some mistakes if they sat the paper. So, although there are marks
for correct calculation, there are also marks for using the right method (even if you make a
mistake). So, here, for instance, examiners will award marks if you can indicate that you
know how to start to solve the equations (by writing down an augmented matrix); that you
know what row operations are; that you know what it is you want to achieve with row
operations (the reduced matrix, that is); and that you then know how to work from that
reduced matrix to determine the required solutions. There are marks for all these things.
Be sure to understand that only certain types of operations qualify as valid row operations.
In particular, a number of candidates make the mistake of thinking that subtracting a fixed
constant from each entry of a row is valid. It is not. (And, if you don’t know what we mean
by that, then you’re probably not doing it, which is good!)
It is also important to answer the question. The question explicitly asks you to use row
operations. Given this, other approaches to solving the system of equations are not
acceptable because to take such an approach is not to answer the question.
(b) On 1 January 2021, a saver has an amount $P in a deposit account that pays
interest annually (at the end of each year), at a fixed rate of 4% per annum.
She decides to make N deposits of $A at the start of each year (including a
deposit on 1 January 2021).
Find an expression for the balance of the account immediately after the N th
additional deposit has been made.
Show that, if the saver’s aim is to end up with a balance of at least $Q at that
time, then
1 Q + 25A
N ≥ ln + 1.
ln(1.04) P + 26A
P +A
(P + A)(1.04) + A
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Examiners’ commentaries 2021
Using the formula for the sum of a geometric series, this simplifies as follows:
1 − (1.04)N −1
(P + A)(1.04)N −1 + A = (P + A)(1.04)N −1 + 25A((1.04)N −1 − 1)
1 − (1.04)
= (P + 26A)(1.04)N −1 − 25A.
For the next part of the problem, we need to have a balance that is at least Q. This gives
(P + 26A)(1.04)N −1 − 25A ≥ Q
which gives
1 Q + 25A
N≥ ln + 1.
ln(1.04) P + 26A
Question 8
(a) A firm has production function q(k, l) = k1/4 l3/4 , where k denotes the capital
used and l denotes the labour employed. Suppose that each unit of capital costs
v dollars and each unit of labour costs w dollars, so that the capital and labour
costs are vk + wl.
Use the Lagrange multiplier method to determine the values of k and l that
minimise the cost of producing Q units of the firm’s good.
Find the corresponding minimised value, C, of this cost and the value, λ∗ , of
the Lagrange multiplier corresponding to the optimising values of k and l. Show
that
∂C
λ∗ = .
∂Q
k 1/4 l3/4 = Q.
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MT105a Mathematics 1
and w 3/4
∂C
= 4v = λ∗ .
∂Q 3v
∂f ∂f ∂2f ∂2f
, , , .
∂x ∂y ∂x2 ∂y 2
Find the value of n if f satisfies
∂2f ∂2f ∂f
y3 −y + = 0.
∂x2 ∂y 2 ∂y
fx = −n sin(nx) sin(y 2 )
fy = 2y cos(nx) cos(y 2 )
So,
+ 2y cos(nx) cos(y 2 )
= (4 − n2 )y 3 cos(nx) sin(y 2 ).
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Examiners’ commentaries 2021
Important note
This commentary reflects the examination and assessment arrangements for this course in the
academic year 2020–21. The format and structure of the examination may change in future years,
and any such changes will be publicised on the virtual learning environment (VLE).
Unless otherwise stated, all cross-references will be to the latest version of the subject guide (2011).
You should always attempt to use the most recent edition of any Essential reading textbook, even if
the commentary and/or online reading list and/or subject guide refer to an earlier edition. If
different editions of Essential reading are listed, please check the VLE for reading supplements – if
none are available, please use the contents list and index of the new edition to find the relevant
section.
Candidates should answer all EIGHT questions: all SIX questions of Section A (60 marks in total)
and BOTH questions from Section B (20 marks each). Candidates are strongly advised to
divide their time accordingly.
Section A
Answer all six questions from this section (60 marks in total).
Question 1
ln(x − 1)
f 0 (x) = .
x2
Find any critical (or stationary) points of f and determine their nature.
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MT105a Mathematics 1
Let
1 1 1 1
g = ln , h= 1− ln 1 − .
x x x x
We have
1 1 1 −1 1 1 1
g0 = − ln + x = − ln − 2
x2 x x x2 x2 x x
and
1/x2
01 1 1
h = 2 ln 1 − + 1−
x x x 1 − 1/x
1 1 1
= 2 ln 1 − + .
x x x2
So
0 0 1 0 1 1
f =g +h = 2 ln 1 − − ln .
x x x
This simplifies to the required expression because
1 1 x−1 1
ln 1 − − ln = ln − ln
x x x x
= ln(x − 1) − ln x − ln 1 + ln x
= ln(x − 1).
This will be zero if and only if ln(x − 1) = 0, which means x = 2 is the only critical point.
The expression for f 0 is easily seen to be negative if x < 2 and positive if x > 2, so the critical
point is a local minimum.
Alternatively: we have
ln(x − 1)
f 0 (x) =
x2
so
1
x2 − 2x ln(x − 1)
00
f (x) = x−1 .
x4
We have
4
f 00 (2) = >0
16
so it is a local minimum.
Question 2
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Examiners’ commentaries 2021
For the first integral, we can use substitution. Substituting u = ex , we find the integral is
Z Z
du du
I= = .
u2 − 1 (u − 1)(u + 1)
1 A B
= + .
(u − 1)(u + 1) u−1 u+1
We find
Z
1 1 1 1 1
I= − du = ln |u − 1| − ln |u + 1| + c
2 u−1 u+1 2 2
1 1
= ln |ex − 1| − ln |ex + 1| + c.
2 2
We can use substitution for
√ the second integral. There is more than one substitution that will
work. We could use u = x − 2 or u = x − 2. Here is how it works with u = x − 2. Call the
integral I. We then have du = dx and
√
Z
I = (u + 2)2 u du
Z
= (u2 + 4u + 4)u1/2 du
Z
= u5/2 + 4u3/2 + 4u1/2 du
Question 3
f (x, y) = 10 − x2 + 2y 2 − 2y 4 + 2xy 2 .
Find the critical (or stationary) points of f and determine the nature of each.
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MT105a Mathematics 1
Question 4
2x + y = 7 − a
x − y − 2z = 0,
where a is some number.
y = 3 − a − 2(1 − a) = 1 + a
x = 5 − a − (1 + a) − (1 − a) − 1 = 3 − a.
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Examiners’ commentaries 2021
For x, y, z to all be positive, we must have 1 − a, 1 + a, 3 − a > 0, which means a < 1, a > −1
and a < 3. So we need −1 < a < 1.
Question 5
The Lagrange multiplier method for constrained optimisation is discussed in Chapter 5 of the
subject guide.
The Lagrangian is p
L= 2x2 + y 2 − λ(x + y − 1).
We solve the following equations:
2x y
Lx = p −λ=0 and Ly = p −λ=0
2x2 + y 2 2x2 + y 2
so y = 2x.
You are not expected to check second-order conditions for constrained optimisation problems.
This is not part of the syllabus and there is no credit for doing it.
Question 6
A firm is the only supplier of two goods, X and Y , and the demand equations for
these goods are
1 1
x = 50 − pX and y = 76 − pY ,
4 2
where pX and pY are the prices of X and Y , and where x and y are (respectively)
the quantities of X and Y . The firm has a joint total cost function
Find an expression, in terms of x and y, for the firm’s profit. Determine also the
values of x and y that will maximise this profit.
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MT105a Mathematics 1
We note that Πxx = −20 < 0 and Πxx Πyy − Π2xy = (−20)(−12) − (−4)2 > 0, so it is a local
maximum.
Section B
Question 7
(a) For some numbers a, b and c, let f be the function of one variable given by
b
f (x) = ax3 + + c(1 + ln x),
x
for x > 0. Given that
f (1) = 0, f 0 (1) = 20, f 00 (1) = 40,
find a system of linear equations for a, b and c.
Find a, b and c by solving the system using row operations.
3a − b + c = 20
6a + 2b − c = 40.
The augmented matrix is
1 1 1 0
(A | b) = 3 −1 1 20
6 2 −1 40
A valid reduction to row-echelon form is:
1 1 1 0 1 1 1 0
R →R −3R1
(A | b) = 3 −1 1 20 −−2−−−2−−−→ 0 −4 −2 20
R3 →R3 −6R1
6 2 −1 40 0 −4 −7 40
1 1 1 0
R2 →R2 /(−2)
−−−−−−−−−→ 0 2 1 −10
0 −4 −7 40
1 1 1 0
R3 →(R3 +2R2 )/(−5)
−−−−−−−−−−−−−→ 0 2 1 −10 .
0 0 1 −4
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Examiners’ commentaries 2021
(b) On 1 January 2021, a saver has an amount $P in a deposit account that pays
interest annually (at the end of each year), at a fixed rate of 5% per annum.
She decides to make N deposits of $A at the start of each year (including a
deposit on 1 January 2021).
Find an expression for the balance of the account immediately after the N th
additional deposit has been made.
Show that, if the saver’s aim is to end up with a balance of at least $Q at that
time, then
1 Q + 20A
N ≥ ln + 1.
ln(1.05) P + 21A
P +A
(P + A)(1.05) + A
1.05((P + A)(1.05) + A) + A = (P + A)(1.05)2 + A(1.05) + A.
In general, the balance after N deposits will be
Using the formula for the sum of a geometric series, this simplifies as follows:
1 − (1.05)N −1
(P + A)(1.05)N −1 + A = (P + A)(1.05)N −1 + 20A((1.05)N −1 − 1)
1 − (1.05)
= (P + 21A)(1.05)N −1 − 20A.
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MT105a Mathematics 1
For the next part of the problem, we need to have a balance that is at least Q. This gives
(P + 21A)(1.05)N −1 − 20A ≥ Q
which gives
1 Q + 20A
N≥ ln + 1.
ln(1.05) P + 21A
Question 8
(a) A firm has production function q(k, l) = k1/3 l2/3 , where k denotes the capital
used and l denotes the labour employed. Suppose that each unit of capital costs
v dollars and each unit of labour costs w dollars, so that the capital and labour
costs are vk + wl.
Use the Lagrange multiplier method to determine the values of k and l that
minimise the cost of producing Q units of the firm’s good.
Find the corresponding minimised value, C, of this cost and the value, λ∗ , of
the Lagrange multiplier corresponding to the optimising values of k and l. Show
that
∂C
λ∗ = .
∂Q
k 1/3 l2/3 = Q.
The first two give
3w −1/3 1/3
3vk 2/3 l−2/3 =
k l
2
from which we have l = 2vk/w. Then the third equation becomes
2/3
1/3 2v
k k 2/3 = Q
w
and hence k = (w/(2v))2/3 Q and l = (w/(2v))−1/3 Q.
The minimised cost is
w 2/3 w 2/3 w 2/3
C = vk + wl = v Q + 2v Q = 3v Q.
2v 2v 2v
The corresponding value of the multiplier is
2/3 w 2/3
∗ 2/3 −2/3 k
λ = 3vk l = 3v = 3v
l 2v
and w 2/3
∂C
= 3v = λ∗ .
∂Q 2v
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Examiners’ commentaries 2021
ye2y
f (x, y) = ,
xa
where a is a fixed real number. Find expressions for the partial derivatives
∂f ∂f ∂2f ∂2f
, , , .
∂x ∂y ∂x2 ∂y 2
Determine the values of a for which the function will satisfy the equation
∂2f ∂2f
yx2 − 3y + 12f = 0.
∂x2 ∂y 2
y 2 e2y
(a(a + 1) − 12)).
xa
This will equal 0 if and only if
a(a + 1) − 12 = 0.
Now,
a(a + 1) − 12 = 0 ⇔ a2 + a − 12 = 0 ⇔ (a + 4)(a − 3) = 0 ⇔ a = −4 or 3.
So we must have a = −4 or a = 3.
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