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The demand function of a commodity at price P is given as, D = 40-5P8. Check whether it is increasing or decreasing function. - Mathematics and Statistics

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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.

बेरीज

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.

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Application of Derivatives to Economics
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 4: Applications of Derivatives - Exercise 4.4 [पृष्ठ ११२]

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

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


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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`


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Ec = (0.0003)I2 + (0.075)I2

when I = 1000


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If 0 < η < 1 then the demand is ______.


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