Advertisements
Advertisements
Question
Choose the correct alternative:
When x0 = 5 and p0 = 3 the consumer’s surplus for the demand function pd = 28 – x2 is
Options
250 units
`250/3` units
`251/2` units
`251/3` units
Advertisements
Solution
`250/3` units
APPEARS IN
RELATED QUESTIONS
The cost of an overhaul of an engine is ₹ 10,000 The operating cost per hour is at the rate of 2x – 240 where the engine has run x km. Find out the total cost if the engine runs for 300 hours after overhaul
Elasticity of a function `("E"y)/("E"x)` is given by `("E"y)/("E"x) = (-7x)/((1 - 2x)(2 + 3x))`. Find the function when x = 2, y = `3/8`
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
Calculate consumer’s surplus if the demand function p = 50 – 2x and x = 20
The demand function for a commodity is p =`36/(x + 4)`. Find the consumer’s surplus when the prevailing market price is ₹ 6
The demand equation for a products is x = `sqrt(100 - "p")` and the supply equation is x = `"P"/2 - 10`. Determine the consumer’s surplus and producer’s surplus, under market equilibrium
Choose the correct alternative:
The marginal revenue and marginal cost functions of a company are MR = 30 – 6x and MC = – 24 + 3x where x is the product, then the profit function is
Choose the correct alternative:
If the marginal revenue MR = 35 + 7x – 3x2, then the average revenue AR is
Choose the correct alternative:
When x0 = 2 and P0 = 12 the producer’s surplus for the supply function Ps = 2x2 + 4 is
Choose the correct alternative:
The demand and supply function of a commodity are D(x) = 25 – 2x and S(x) = `(10 + x)/4` then the equilibrium price p0 is
