Advertisements
Advertisements
Question
Choose the correct alternative:
When x0 = 2 and P0 = 12 the producer’s surplus for the supply function Ps = 2x2 + 4 is
Options
`31/5` units
`31/2` units
`32/3` units
`30/7` units
Advertisements
Solution
`32/3` units
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
An account fetches interest at the rate of 5% per annum compounded continuously. An individual deposits ₹ 1,000 each year in his account. How much will be in the account after 5 years. (e0.25 = 1.284)
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 MR = 14 – 6x + 9x2, Find the demand function
Calculate consumer’s surplus if the demand function p = 50 – 2x and x = 20
Under perfect competition for a commodity the demand and supply laws are Pd = `8/(x + 1) - 2` and Ps = `(x + 3)/2` respectively. Find the consumer’s and producer’s surplus
Choose the correct alternative:
If MR and MC denotes the marginal revenue and marginal cost functions, then the profit functions is
Choose the correct alternative:
If the marginal revenue MR = 35 + 7x – 3x2, then the average revenue AR is
Choose the correct alternative:
For the demand function p(x), the elasticity of demand with respect to price is unity then
Choose the correct alternative:
For a demand function p, if `int "dp"/"p" = "k" int ("d"x)/x` then k is equal to
