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प्रश्न
State whether the following statement is True or False:
If the marginal revenue is 50 and the price is ₹ 75, then elasticity of demand is 4
विकल्प
True
False
उत्तर
False
APPEARS IN
संबंधित प्रश्न
Find the marginal revenue if the average revenue is 45 and elasticity of demand is 5.
Find the elasticity of demand, if the marginal revenue is 50 and price is Rs 75.
The total cost function for production of x articles is given as C = 100 + 600x – 3x2 . Find the values of x for which total cost is decreasing.
The manufacturing company produces x items at the total cost of ₹ 180 + 4x. The demand function for this product is P = (240 – x). Find x for which revenue is increasing
The total cost of manufacturing x articles C = 47x + 300x2 – x4 . Find x, for which average cost is decreasing
Find the price, if the marginal revenue is 28 and elasticity of demand is 3.
If the demand function is D = `((p + 6)/(p − 3))`, find the elasticity of demand at p = 4.
Find the price for the demand function D = `((2"p" + 3)/(3"p" - 1))`, when elasticity of demand is `11/14`.
A manufacturing company produces x items at a total cost of ₹ 40 + 2x. Their price is given as p = 120 – x. Find the value of x for which also find an elasticity of demand for price 80.
If the marginal revenue is 28 and elasticity of demand is 3, then the price is ______.
If the elasticity of demand η = 1, then demand is ______.
If 0 < η < 1, then the demand is ______.
If the average revenue is 45 and elasticity of demand is 5, then marginal revenue is ______.
The manufacturing company produces x items at the total cost of ₹ 180 + 4x. The demand function for this product is P = (240 − 𝑥). Find x for which profit is increasing
A manufacturing company produces x items at a total cost of ₹ 40 + 2x. Their price per item is given as p = 120 – x. Find the value of x for which elasticity of demand for price ₹ 80.
Solution: Total cost C = 40 + 2x and Price p = 120 – x
p = 120 – x
∴ x = 120 – p
Differentiating w.r.t. p,
`("d"x)/("dp")` = `square`
∴ Elasticity of demand is given by η = `- "P"/x*("d"x)/("dp")`
∴ η = `square`
When p = 80, then elasticity of demand η = `square`
Complete the following activity to find MPC, MPS, APC and APS, if the expenditure Ec of a person with income I is given as:
Ec = (0.0003)I2 + (0.075)I2
when I = 1000
If elasticity of demand η = 0 then demand is ______.
