Advertisements
Advertisements
Question
The demand function is always
Options
Increasing function
Decreasing function
Non-decreasing function
Undefined function
Advertisements
Solution
Decreasing function
APPEARS IN
RELATED QUESTIONS
A firm produces x tonnes of output at a total cost of C(x) = `1/10x^3 - 4x^2 - 20x + 7` find the
- average cost
- average variable cost
- average fixed cost
- marginal cost and
- marginal average cost.
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 cost function of a firm is C = x3 – 12x2 + 48x. Find the level of output (x > 0) at which average cost is minimum.
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.
Find the elasticity of supply when the supply function is given by x = 2p2 + 5 at p = 1.
If demand and the cost function of a firm are p = 2 – x and C = -2x2 + 2x + 7 then its profit function is:
Relationship among MR, AR and ηd is:
For the cost function C = `1/25 e^(5x)`, the marginal cost is:
Profit P(x) is maximum when
A company begins to earn profit at:
