Mathematics for Business and Economics - I (MATH103)
First degree-equations in one variable. Second degree-equations in one variable. Inequalities and their solutions. Absolute value relationship. Rectangular coordinate system. Linear equations; Graphical characteristics, slope-intercept form, determination of the equation of a straight line. Systems of linear equations; two-variable systems of linear equations, Gaussian elimination method, n-variable systems, selected applications of systems of linear equations. Functions; types of functions, graphical representation of functions. Linear functions and applications; Linear cost, revenue, profit, demand and supply functions. Break-even models. Quadratic functions and their characteristics; quadratic cost, revenue, profit, demand and supply functions. Polynomial functions. Exponential and logarithmic functions and their characteristics. Equations involving logarithmic and exponential expressions.
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