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

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प्रश्न

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

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उत्तर

Let C be the total cost function.

∴ C = 40 + 2x

Profit = Revenue - Cost

∴ π = R - C

∴ π = 120x - x2 - (40 + 2x)

= 120x - x2 - 40 - 2x

∴ π = `- "x"^2 + 118"x" - 40`

∴ `("d"pi)/"dx" = - 2"x" + 118 = 2(- "x" + 59)`

Since profit π is an increasing function, `("d"pi)/"dx" > 0`

∴ 2(- x + 59) > 0

∴ - x + 59 > 0

∴ 59 > x

∴ x < 59

∴ The profit π is increasing for x < 59.

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पाठ 4: Applications of Derivatives - Exercise 4.4 [पृष्ठ ११३]

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बालभारती Mathematics and Statistics 1 (Commerce) [English] Standard 12 Maharashtra State Board
पाठ 4 Applications of Derivatives
Exercise 4.4 | Q 12.2 | पृष्ठ ११३

संबंधित प्रश्‍न

Find the marginal revenue if the average revenue is 45 and elasticity of demand is 5.


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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 revenue is increasing


The total cost of manufacturing x articles C = 47x + 300x2 – x4 . Find x, for which average cost is decreasing


Find the price, if the marginal revenue is 28 and elasticity of demand is 3.


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


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


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


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) I ; When I = 1000.


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 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


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


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 0 < η < 1 then the demand is ______.


In a factory, for production of Q articles, standing charges are ₹500, labour charges are ₹700 and processing charges are 50Q. The price of an article is 1700 - 3Q. Complete the following activity to find the values of Q for which the profit is increasing.

Solution: Let C be the cost of production of Q articles.

Then C = standing charges + labour charges + processing charges

∴ C = `square` 

Revenue R = P·Q = (1700 - 3Q)Q = 1700Q- 3Q2

Profit `pi = R - C = square`

 Differentiating w.r.t. Q, we get

`(dpi)/(dQ) = square`

If profit is increasing , then `(dpi)/(dQ) >0`

∴ `Q < square` 

Hence, profit is increasing for `Q < square` 


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