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64
AC = x 100
in terms of output x. Find the total cost C
x
and M.C. as function of x. Find x for which AC increases.
x 2 100 x 64, M.C. 2 x 100, x 8
Cx
3 2
x
4
which MC =AC.
[Ans: 6]
Q 5. The marginal cost of manufacturing a certain product is
given by 3+ 0.25x. Find the total cost, given that
C 0 60. also find the average cost.
0.25 2
x
2
Ans: C x
3x
Q 6. If p
100
x 2
60, AC
3 0.125x
60
]
x
product where p is the price per unit when x units are sold,
find the marginal revenue.
[Ans: M.R. =]
200
x 2
20x
1 2
x . Find the marginal
2
C( x )
ax
x b
x c
c so that the
d ; a, b, c, d , 0, b
28 x , R( x )
2
28x
x2
, M.R. = 28 x ]
Q 14. A firm has the following total cost and demand function
C( x )
x3
3
maximizing output.
[Ans: x = 11]
Q 15 If p a bx, prove that gradient of marginal revenue
curve is twice that of average revenue curve.
Q 16 If the variable cost function for a firm is given by
C ( x ) x. loge x x 2 , find its average cost and marginal cost.
[Ans: AC log e x x and MC 1 log e x 2 x]
Q 17. The fixed cost of a new product is Rs.18, 000 and the
variable cost per unit is Rs.550. If the demand function
is P( x) 4000 150 x, find the break-even points.
[Ans: 8 and 15] [I.S.C. 2007]
Q 18. A monopolists demand function for one of its products
is
p = ax + b. He knows that he can sell 1400 units when
the price is Rs.4 per unit and he can sell 1800 units at a price
of Rs.2 per unit, find the marginal revenue function and the
price per units when the marginal revenue is zero.
[Ans: MR
25 x and x
2
50]
Q 19. The total cost and the total revenue of a company that
revenue and average revenue when x = 10. Find the actual
th
revenue from selling the 15 item. [Ans: 15 and 10; Rs. 5.50] produces and sell x units of a particular product are
2
respectively C ( x ) 5 x 350 and R( x ) 50x x . find (i) the
Q 10. The average cost function of a product is given by
50
break-even values (ii) the value of x that gives a profit.
A.C. 2 x 11
, where x is the number of units
[Ans (i) x 10, 35 (ii)10 x 35]
x
produced. Find the marginal cost and range of the output for
Q 20. A firm knows that demand function for its main product
is linear. It is known that it can sell 3000 units at Rs.5 per unit
1|Page
Mr. MANOJ KUMAR SHARMA (9719690895)
x2
, MR
300
function.[Ans: R x
15 x
15
x
, AR
150
15
x
300
as C( x)
Q 21. A company incurs Rs. 25, 000 as marketing cost for its
product and Rs. 15,200 as the rent of its office building. If x
units of the commodity are produced, the production cost per
units is Rs.8. If each units is sold at Rs.75, find the profit
function and break-even point.
[Ans: x = 600]
Q 22. The total revenue received from the sell of x units of a
2
5 Find (i)The average
product is given by R( x ) 36x 3x
revenue (ii)The marginal revenue.
[Ans: AR
36 3x
5 , MR
x
x2
90
AC
1 3
x
3
2 x 11
50
x
8 x 5 . Find
. Find
x2
100
x
for x items produced. Verify that the marginal cost and
3 x 2 7 x 16
commodity is: C ( x)
3
average cost are equal at the minimum point of average cost
(i)
Find the Marginal Cost (MC)
[I.S.C. 2011]
curve.
(ii)
Find the Average Cost (AC)
Q.24. A company is selling a certain product. The demand
(iii)
Prove that : Marginal Average Cost
function of the product is liner. The company can sell 2000
x(MC) - C(x)
units when the price is Rs. 8 per units and when the price is Rs.
(MAC) =
4 per units, it can sell 3000 units. Determine:
x2
(i)
the demand function
[I.S.C.2005]
Q.31 If total cost function is given by C( x) a bx cx2 , where
(ii)
the total revenue function
x is the quantity of output. Show that:
[Ans: p 16 0.004
d
1
( AC )
( MC AC ) , MC is the marginal cost and AC is the
2
R( x )
16x 0.004x ]
dx
average cost.
x 5
36
in terms of output x. Find the:
x
2|Page
Mr. MANOJ KUMAR SHARMA (9719690895)
[I.S.C. 2012]