Advertisements
Advertisements
Question
Marginal revenue of the demand function p = 20 – 3x is:
Options
20 – 6x
20 – 3x
20 + 6x
20 + 3x
Advertisements
Solution
20 – 6x
APPEARS IN
RELATED QUESTIONS
The total cost of x units of output of a firm is given by C = `2/3x + 35/2`. Find the
- cost when output is 4 units
- average cost when output is 10 units
- marginal cost when output is 3 units
The supply function of certain goods is given by x = a`sqrt("p" - "b")` where p is unit price, a and b are constants with p > b. Find elasticity of supply at p = 2b.
For the demand function p = 550 – 3x – 6x2 where x is quantity demand and p is unit price. Show that MR =
Find the values of x, when the marginal function of y = x3 + 10x2 – 48x + 8 is twice the x.
Find the equilibrium price and equilibrium quantity for the following functions.
Demand: x = 100 – 2p and supply: x = 3p – 50.
If the demand function is said to be inelastic, then:
The elasticity of demand for the demand function x = `1/"p"` is:
For the cost function C = `1/25 e^(5x)`, the marginal cost is:
Instantaneous rate of change of y = 2x2 + 5x with respect to x at x = 2 is:
Profit P(x) is maximum when
