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
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)
Given the marginal revenue function `4/(2x + 3)^2 - 1` show that the average revenue function is P = `4/(6x + 9) - 1`
A firm’s marginal revenue function is MR = `20"e"^((-x)/10) (1 - x/10)`. Find the corresponding demand function
Find the revenue function and the demand function if the marginal revenue for x units is MR = 10 + 3x – x2
Calculate the producer’s surplus at x = 5 for the supply function p = 7 + x
Choose the correct alternative:
If the marginal revenue function of a firm is MR = `"e"^((-x)/10)`, then revenue 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:
When x0 = 2 and P0 = 12 the producer’s surplus for the supply function Ps = 2x2 + 4 is
Choose the correct alternative:
If the marginal revenue of a firm is constant, then the demand function is
