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Find the Marginal Revenue If the Average Revenue is 45 and Elasticity of Demand is 5. - Mathematics and Statistics

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प्रश्न

Find the marginal revenue if the average revenue is 45 and elasticity of demand is 5.

योग

उत्तर

Given, average revenue (RA) = 45 and
elasticity of demand (η) = 5

Rm = RA `(1 - 1/η)`

∴ Rm = `45 (1 - 1/5) = 45(4/5)`

∴ Rm = 36

∴ Marginal revenue (Rm) = 36

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Application of Derivatives to Economics
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 4: Applications of Derivatives - Exercise 4.4 [पृष्ठ ११२]

APPEARS IN

बालभारती Mathematics and Statistics 1 (Commerce) [English] 12 Standard HSC Maharashtra State Board
अध्याय 4 Applications of Derivatives
Exercise 4.4 | Q 7.1 | पृष्ठ ११२

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