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The marginal cost function of a product is given by `"dc"/("d"x)` = 100 – 10x + 0.1x2 where x is the output. Obtain the total and the average cost function of the firm under the assumption, that its fixed cost is ₹ 500
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The marginal cost function is MC = `300 x^(2/5)` and fixed cost is zero. Find out the total cost and average cost functions
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If the marginal cost function of x units of output is `"a"/sqrt("a"x + "b")` and if the cost of output is zero. Find the total cost as a function of x
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Determine the cost of producing 200 air conditioners if the marginal cost (is per unit) is C'(x) = `x^2/200 + 4`
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The marginal revenue (in thousands of Rupees) functions for a particular commodity is `5 + 3"e"^(- 003x)` where x denotes the number of units sold. Determine the total revenue from the sale of 100 units. (Given e–3 = 0.05 approximately)
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If the marginal revenue function for a commodity is MR = 9 – 4x2. Find the demand function.
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Given the marginal revenue function `4/(2x + 3)^2 - 1` show that the average revenue function is P = `4/(6x + 9) - 1`
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A firm’s marginal revenue function is MR = `20"e"^((-x)/10) (1 - x/10)`. Find the corresponding demand function
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The marginal cost of production of a firm is given by C'(x) = 5 + 0.13x, the marginal revenue is given by R'(x) = 18 and the fixed cost is ₹ 120. Find the profit function
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If the marginal revenue function is R'(x) = 1500 – 4x – 3x2. Find the revenue function and average revenue function
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Find the revenue function and the demand function if the marginal revenue for x units is MR = 10 + 3x – x2
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The marginal cost function of a commodity is given by MC = `14000/sqrt(7x + 4)` and the fixed cost is ₹ 18,000. Find the total cost and average cost
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If the marginal cost (MC) of production of the company is directly proportional to the number of units (x) produced, then find the total cost function, when the fixed cost is ₹ 5,000 and the cost of producing 50 units is ₹ 5,625
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If MR = 20 – 5x + 3x2, Find total revenue function
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If MR = 14 – 6x + 9x2, Find the demand function
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Calculate consumer’s surplus if the demand function p = 50 – 2x and x = 20
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Calculate consumer’s surplus if the demand function p = 122 – 5x – 2x2, and x = 6
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The demand function p = 85 – 5x and supply function p = 3x – 35. Calculate the equilibrium price and quantity demanded. Also, calculate consumer’s surplus
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The demand function for a commodity is p = e–x .Find the consumer’s surplus when p = 0.5
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Calculate the producer’s surplus at x = 5 for the supply function p = 7 + x
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