Advertisements
Advertisements
Question
If demand and the cost function of a firm are p = 2 – x and C = -2x2 + 2x + 7 then its profit function is:
Options
x2 + 7
x2 - 7
-x2 + 7
-x2 - 7
Advertisements
Solution
x2 - 7
APPEARS IN
RELATED QUESTIONS
Revenue function ‘R’ and cost function ‘C’ are R = 14x – x2 and C = x(x2 – 2). Find the
- average cost
- marginal cost
- average revenue and
- marginal revenue.
The demand curve of a commodity is given by p = `(50 - x)/5`, find the marginal revenue for any output x and also find marginal revenue at x = 0 and x = 25?
The total cost function y for x units is given by y = 3x`((x+7)/(x+5)) + 5`. Show that the marginal cost decreases continuously as the output increases.
Find the price elasticity of demand for the demand function x = 10 – p where x is the demand p is the price. Examine whether the demand is elastic, inelastic, or unit elastic at p = 6.
The total cost function for the production of x units of an item is given by C = 10 - 4x3 + 3x4 find the
- average cost function
- marginal cost function
- marginal average cost function.
For the demand function p x = 100 - 6x2, find the marginal revenue and also show that MR = p`[1 - 1/eta_"d"]`
Marginal revenue of the demand function p = 20 – 3x is:
Relationship among MR, AR and ηd is:
Profit P(x) is maximum when
The demand function is always
