Advertisements
Advertisements
प्रश्न
The demand function of a commodity at price P is given as, D = `40 - "5P"/8`. Check whether it is increasing or decreasing function.
उत्तर
Given, the demand function is
D = `40 - "5P"/8`
∴ `"dD"/"dP" = 0 - 5/8(1) = (-5)/8 < 0`
∴ The given function is a decreasing function.
APPEARS IN
संबंधित प्रश्न
Find the elasticity of demand, if the marginal revenue is 50 and price is Rs 75.
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.
Find the price for the demand function D = `((2"p" + 3)/(3"p" - 1))`, when elasticity of demand is `11/14`.
If the demand function is D = 50 – 3p – p2. Find the elasticity of demand at p = 5 comment on the result
If the demand function is D = 50 – 3p – p2. Find the elasticity of demand at p = 2 comment on the result
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 profit is increasing.
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.
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) I ; When I = 1000.
Fill in the blank:
A road of 108 m length is bent to form a rectangle. If the area of the rectangle is maximum, then its dimensions are _______.
If the elasticity of demand η = 1, then demand is ______.
If 0 < η < 1, then the demand is ______.
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
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 profit is increasing
Solution: Total cost C = 40 + 2x and Price p = 120 − x
Profit π = R – C
∴ π = `square`
Differentiating w.r.t. x,
`("d"pi)/("d"x)` = `square`
Since Profit is increasing,
`("d"pi)/("d"x)` > 0
∴ Profit is increasing for `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 f(x) = x3 – 3x2 + 3x – 100, x ∈ R then f"(x) is ______.
If 0 < η < 1 then the demand is ______.