Advertisements
Advertisements
Question
A company begins to earn profit at:
Options
Maximum point
Breakeven point
Stationary point
Even point
Advertisements
Solution
Breakeven point
APPEARS IN
RELATED QUESTIONS
The total cost of x units of output of a firm is given by C = `2/3x + 35/2`. Find the
- cost when output is 4 units
- average cost when output is 10 units
- marginal cost when output is 3 units
Find the elasticity of demand in terms of x for the following demand laws and also find the value of x where elasticity is equal to unity.
p = (a – bx)2
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 demand and cost functions of a firm are x = 6000 – 30p and C = 72000 + 60x respectively. Find the level of output and price at which the profit is maximum.
Find the elasticity of supply when the supply function is given by x = 2p2 + 5 at p = 1.
Marginal revenue of the demand function p = 20 – 3x is:
If the demand function is said to be inelastic, then:
The elasticity of demand for the demand function x = `1/"p"` is:
If the average revenue of a certain firm is ₹ 50 and its elasticity of demand is 2, then their marginal revenue is:
Profit P(x) is maximum when
