Advertisements
Advertisements
Question
Choose the correct alternative:
The producer’s surplus when the supply function for a commodity is P = 3 + x and x0 = 3 is
Options
`5/2`
`9/2`
`3/2`
`7/2`
Solution
`9/2`
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 is MC = `300 x^(2/5)` and fixed cost is zero. Find out the total cost and average cost functions
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)
If MR = 20 – 5x + 3x2, Find total revenue function
Calculate consumer’s surplus if the demand function p = 50 – 2x and x = 20
Find the consumer’s surplus and producer’s surplus for the demand function pd = 25 – 3x and supply function ps = 5 + 2x
Choose the correct alternative:
The demand and supply functions are given by D(x) = 16 – x2 and S(x) = 2x2 + 4 are under perfect competition, then the equilibrium price x is
Choose the correct alternative:
The demand function for the marginal function MR = 100 – 9x2 is
Choose the correct alternative:
If the marginal revenue of a firm is constant, then the demand function is
Choose the correct alternative:
For a demand function p, if `int "dp"/"p" = "k" int ("d"x)/x` then k is equal to