हिंदी

A Manufacturing Company Produces X Items at the Total Cost of Rs (180+4x). - Mathematics and Statistics

Advertisements
Advertisements

प्रश्न

A manufacturing company produces x items at the total cost of Rs (180 + 4x). The demand function of this product is P = (240 − x). Find x for which profit is increasing.

योग
Advertisements

उत्तर

Total cost function (C) = 180 + 4x
Demand function (P) = 240 − x

Where x is the number of items produced.

Total revenue (R) = P × D
∴ R = x (240 − x) 
∴ R = 240x − x2

Profit function π = R − C 
∴ π = (240x − x2) − (180 + 4x)
∴ π = 240x − x2 − 180 − 4x
∴ π = − x+ 236x − 180

Differentiating w.r.t.x,

∴ `"dπ"/"dx"` = − 2x + 236

Profit  π is increasing if `"dπ"/"dx"` > 0

i.e. if − 2x + 236 > 0

i.e. if 236 > 2x

i.e. if x < `236/2`

i.e. if x < 118

∴ The profit is increasing for x < 118.

shaalaa.com
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 4: Applications of Derivatives - Exercise 4.4 [पृष्ठ ११२]

APPEARS IN

बालभारती Mathematics and Statistics 1 (Commerce) [English] Standard 12 Maharashtra State Board
अध्याय 4 Applications of Derivatives
Exercise 4.4 | Q 4.2 | पृष्ठ ११२

संबंधित प्रश्न

The demand function of a commodity at price P is given as, D = `40 - "5P"/8`. Check whether it is increasing or decreasing function.


The total cost function for production of x articles is given as C = 100 + 600x – 3x2 . Find the values of x for which total cost is decreasing.


If the demand function is D = `((p + 6)/(p − 3))`, find the elasticity of demand at p = 4.


Find the price for the demand function D = `((2"p" + 3)/(3"p" - 1))`, when elasticity of demand is `11/14`.


If the demand function is D = 50 – 3p – p2. Find the elasticity of demand at p = 5 comment on the result.


If the demand function is D = 50 – 3p – p2. Find the elasticity of demand at p = 2 comment on the result


For the demand function D = 100 – `p^2/2`. Find the elasticity of demand at p = 10 and comment on the results.


Fill in the blank:

A road of 108 m length is bent to form a rectangle. If the area of the rectangle is maximum, then its dimensions are _______.


If the marginal revenue is 28 and elasticity of demand is 3, then the price is ______.


If the elasticity of demand η = 1, then demand is ______.


If 0 < η < 1, then the demand is ______.


If the average revenue is 45 and elasticity of demand is 5, then marginal revenue is ______.


State whether the following statement is True or False:  

If the marginal revenue is 50 and the price is ₹ 75, then elasticity of demand is 4


A manufacturing company produces x items at a total cost of ₹ 40 + 2x. Their price per item is given as p = 120 – x. Find the value of x for which revenue is increasing

Solution: Total cost C = 40 + 2x and Price p = 120 – x

Revenue R = `square`

Differentiating w.r.t. x,

∴ `("dR")/("d"x) = square`

Since Revenue is increasing,

∴ `("dR")/("d"x)` > 0

∴ Revenue is increasing for `square`


A manufacturing company produces x items at a total cost of ₹ 40 + 2x. Their price per item is given as p = 120 – x. Find the value of x for which profit is increasing

Solution: Total cost C = 40 + 2x and Price p = 120 − x

Profit π = R – C

∴ π = `square`

Differentiating w.r.t. x,

`("d"pi)/("d"x)` = `square`

Since Profit is increasing,

`("d"pi)/("d"x)` > 0

∴ Profit is increasing for `square`


A manufacturing company produces x items at a total cost of ₹ 40 + 2x. Their price per item is given as p = 120 – x. Find the value of x for which elasticity of demand for price ₹ 80.

Solution: Total cost C = 40 + 2x and Price p = 120 – x

p = 120 – x

∴ x = 120 – p

Differentiating w.r.t. p,

`("d"x)/("dp")` = `square`

∴ Elasticity of demand is given by η = `- "P"/x*("d"x)/("dp")`

∴ η = `square`

When p = 80, then elasticity of demand η = `square`


Complete the following activity to find MPC, MPS, APC and APS, if the expenditure Ec of a person with income I is given as:

Ec = (0.0003)I2 + (0.075)I2

when I = 1000


If elasticity of demand η = 0 then demand is ______.


If f(x) = x3 – 3x2 + 3x – 100, x ∈ R then f"(x) is ______.


If 0 < η < 1 then the demand is ______.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×