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The elasticity of demand for the demand function x = p1p is: - Business Mathematics and Statistics

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प्रश्न

The elasticity of demand for the demand function x = `1/"p"` is:

पर्याय

  • 0

  • 1

  • `-1/"p"`

MCQ
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उत्तर

1

shaalaa.com
Applications of Differentiation in Business and Economics
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 6: Applications of Differentiation - Exercise 6.6 [पृष्ठ १५५]

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सामाचीर कलवी Business Mathematics and Statistics [English] Class 11 TN Board
पाठ 6 Applications of Differentiation
Exercise 6.6 | Q 5 | पृष्ठ १५५

संबंधित प्रश्‍न

The total cost of x units of output of a firm is given by C = `2/3x + 35/2`. Find the

  1. cost when output is 4 units
  2. average cost when output is 10 units
  3. marginal cost when output is 3 units

Revenue function ‘R’ and cost function ‘C’ are R = 14x – x2 and C = x(x2 – 2). Find the

  1. average cost
  2. marginal cost
  3. average revenue and
  4. marginal revenue.

The demand curve of a commodity is given by p = `(50 - x)/5`, find the marginal revenue for any output x and also find marginal revenue at x = 0 and x = 25?


The supply function of certain goods is given by x = a`sqrt("p" - "b")` where p is unit price, a and b are constants with p > b. Find elasticity of supply at p = 2b.


Show that MR = p`[1 - 1/eta_"d"]` for the demand function p = 400 – 2x – 3x2 where p is unit price and x is quantity demand.


For the demand function x = `25/"p"^4`, 1 ≤ p ≤ 5, determine the elasticity of demand.


The demand function of a commodity is p = `200 - x/100` and its cost is C = 40x + 120 where p is a unit price in rupees and x is the number of units produced and sold. Determine

  1. profit function
  2. average profit at an output of 10 units
  3. marginal profit at an output of 10 units and
  4. marginal average profit at an output of 10 units.

The total cost function y for x units is given by y = 3x`((x+7)/(x+5)) + 5`. Show that the marginal cost decreases continuously as the output increases.


The total cost function for the production of x units of an item is given by C = 10 - 4x3 + 3x4 find the

  1. average cost function
  2. marginal cost function
  3. marginal average cost function.

For the cost function C = `1/25 e^(5x)`, the marginal cost is:


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