Advertisements
Advertisements
Question
Choose the correct alternative:
If the marginal revenue MR = 35 + 7x – 3x2, then the average revenue AR is
Options
`35x + (7x^2)/2 - x^3`
`35x + (7x)/2 - x^2`
`35x + (7x)/2 + x^2`
35 + 7x + x2
Solution
`35x + (7x)/2 - x^2`
APPEARS IN
RELATED QUESTIONS
The elasticity of demand with respect to price for a commodity is given by `((4 - x))/x`, where p is the price when demand is x. Find the demand function when the price is 4 and the demand is 2. Also, find the revenue function
The marginal cost function of a product is given by `"dc"/("d"x)` = 100 – 10x + 0.1x2 where x is the output. Obtain the total and the average cost function of the firm under the assumption, that its fixed cost is ₹ 500
If the marginal cost function of x units of output is `"a"/sqrt("a"x + "b")` and if the cost of output is zero. Find the total cost as a function of x
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 demand function p = 85 – 5x and supply function p = 3x – 35. Calculate the equilibrium price and quantity demanded. Also, calculate consumer’s surplus
Choose the correct alternative:
The demand function for the marginal function MR = 100 – 9x2 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:
The marginal cost function is MC = `100sqrt(x)`. find AC given that TC = 0 when the output is zero is
A manufacture’s marginal revenue function is given by MR = 275 – x – 0.3x2. Find the increase in the manufactures total revenue if the production is increased from 10 to 20 units
The demand equation for a product is Pd = 20 – 5x and the supply equation is Ps = 4x + 8. Determine the consumers surplus and producer’s surplus under market equilibrium