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प्रश्न
Find the marginal revenue if the average revenue is 45 and elasticity of demand is 5.
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उत्तर
Given, average revenue (RA) = 45 and
elasticity of demand (η) = 5
Rm = RA `(1 - 1/η)`
∴ Rm = `45 (1 - 1/5) = 45(4/5)`
∴ Rm = 36
∴ Marginal revenue (Rm) = 36
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संबंधित प्रश्न
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State whether the following statement is True or False:
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The manufacturing company produces x items at the total cost of ₹ 180 + 4x. The demand function for this product is P = (240 − 𝑥). Find x for which profit is increasing
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Solution: Total cost C = 40 + 2x and Price p = 120 – x
Revenue R = `square`
Differentiating w.r.t. x,
∴ `("dR")/("d"x) = square`
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∴ `("dR")/("d"x)` > 0
∴ Revenue is increasing for `square`
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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`
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Ec = (0.0003)I2 + (0.075)I2
when I = 1000
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