Advertisements
Advertisements
Question
Choose the correct alternative:
If the marginal revenue of a firm is constant, then the demand function is
Options
MR
MC
C(x)
AC
Solution
MR
APPEARS IN
RELATED QUESTIONS
Elasticity of a function `("E"y)/("E"x)` is given by `("E"y)/("E"x) = (-7x)/((1 - 2x)(2 + 3x))`. Find the function when x = 2, y = `3/8`
If the marginal revenue function for a commodity is MR = 9 – 4x2. Find the demand function.
If MR = 20 – 5x + 3x2, Find total revenue function
Calculate the producer’s surplus at x = 5 for the supply function p = 7 + x
If the supply function for a product is p = 3x + 5x2. Find the producer’s surplus when x = 4
The demand function for a commodity is p =`36/(x + 4)`. Find the consumer’s surplus when the prevailing market price is ₹ 6
The demand equation for a products is x = `sqrt(100 - "p")` and the supply equation is x = `"P"/2 - 10`. Determine the consumer’s surplus and producer’s surplus, under market equilibrium
Choose the correct alternative:
For the demand function p(x), the elasticity of demand with respect to price is unity then
A company has determined that marginal cost function for x product of a particular commodity is given by MC = `125 + 10x - x^2/9`. Where C is the cost of producing x units of the commodity. If the fixed cost is ₹ 250 what is the cost of producing 15 units
The marginal cost of production of a firm is given by C'(x) = `20 + x/20` the marginal revenue is given by R’(x) = 30 and the fixed cost is ₹ 100. Find the profit function
