Advertisements
Advertisements
Question
Choose the correct alternative:
If MR and MC denote the marginal revenue and marginal cost and MR – MC = 36x – 3x2 – 81, then the maximum profit at x is equal to
Options
3
6
9
5
Solution
9
APPEARS IN
RELATED QUESTIONS
A company receives a shipment of 500 scooters every 30 days. From experience, it is known that the inventory on hand is related to the number of days x. Since the shipment, I(x) = 500 – 0.03x2, the daily holding cost per scooter is ₹ 0.3. Determine the total cost for maintaining inventory for 30 days
Determine the cost of producing 200 air conditioners if the marginal cost (is per unit) is C'(x) = `x^2/200 + 4`
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)
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
The demand and supply functions under perfect competition are pd = 1600 – x2 and ps = 2x2 + 400 respectively. Find the producer’s surplus
Under perfect competition for a commodity the demand and supply laws are Pd = `8/(x + 1) - 2` and Ps = `(x + 3)/2` respectively. Find the consumer’s and producer’s surplus
Choose the correct alternative:
If the marginal revenue function of a firm is MR = `"e"^((-x)/10)`, then revenue is
Choose the correct alternative:
If MR and MC denotes the marginal revenue and marginal cost functions, then the profit functions is
Choose the correct alternative:
The producer’s surplus when the supply function for a commodity is P = 3 + x and x0 = 3 is
Choose the correct alternative:
For a demand function p, if `int "dp"/"p" = "k" int ("d"x)/x` then k is equal to