Average fixed cost of the cost function C(x) = 2x3 + 5x2 – 14x + 21 is:

Average fixed cost of the cost function C(x) = 2x³ + 5x² – 14x + 21 is:

MCQ

`21/x`

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Applications of Differentiation in Business and Economics

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Chapter 6: Applications of Differentiation - Exercise 6.6 [Page 154]

Chapter 6 Applications of Differentiation
Exercise 6.6 | Q 1 | Page 154

Find the elasticity of supply for the supply function x = 2p² + 5 when p = 3.

Find the values of x, when the marginal function of y = x³ + 10x² – 48x + 8 is twice the x.

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

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:

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