Advertisements
Advertisements
Question
Average fixed cost of the cost function C(x) = 2x3 + 5x2 – 14x + 21 is:
Options
`2/3`
`5/x`
`- 14/x`
`21/x`
Advertisements
Solution
`21/x`
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
If the demand law is given by p = `10e^(- x/2)` then find the elasticity of demand.
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
Find the values of x, when the marginal function of y = x3 + 10x2 – 48x + 8 is twice the x.
Find the price elasticity of demand for the demand function x = 10 – p where x is the demand p is the price. Examine whether the demand is elastic, inelastic, or unit elastic at p = 6.
Find the equilibrium price and equilibrium quantity for the following functions.
Demand: x = 100 – 2p and supply: x = 3p – 50.
Find out the indicated elasticity for the following function:
p = `10 e^(- x/3)`, x > 0; ηs
If the average revenue of a certain firm is ₹ 50 and its elasticity of demand is 2, then their marginal revenue is:
Average cost is minimum when:
The demand function is always
