Advertisements
Advertisements
Question
Choose the correct alternative:
The producer’s surplus when the supply function for a commodity is P = 3 + x and x0 = 3 is
Options
`5/2`
`9/2`
`3/2`
`7/2`
Advertisements
Solution
`9/2`
APPEARS IN
RELATED QUESTIONS
A company receives a shipment of 500 scooters every 30 days. From experience, it is known that the inventory on hand is related to the number of days x. Since the shipment, I(x) = 500 – 0.03x2, the daily holding cost per scooter is ₹ 0.3. Determine the total cost for maintaining inventory for 30 days
If the marginal cost function of x units of output is `"a"/sqrt("a"x + "b")` and if the cost of output is zero. Find the total cost as a function of x
Determine the cost of producing 200 air conditioners if the marginal cost (is per unit) is C'(x) = `x^2/200 + 4`
The marginal cost of production of a firm is given by C'(x) = 5 + 0.13x, the marginal revenue is given by R'(x) = 18 and the fixed cost is ₹ 120. Find the profit function
If the marginal revenue function is R'(x) = 1500 – 4x – 3x2. Find the revenue function and average revenue function
The marginal cost function of a commodity is given by MC = `14000/sqrt(7x + 4)` and the fixed cost is ₹ 18,000. Find the total cost and average cost
Calculate consumer’s surplus if the demand function p = 122 – 5x – 2x2, and x = 6
The demand and supply functions under perfect competition are pd = 1600 – x2 and ps = 2x2 + 400 respectively. Find the producer’s surplus
Choose the correct alternative:
The profit of a function p(x) is maximum when
Choose the correct alternative:
For a demand function p, if `int "dp"/"p" = "k" int ("d"x)/x` then k is equal to
