Answer available
Class 12 · Mathematics · Application of Calculus in Commerce and Economics
Define the break-even point and the elasticity of demand.
3 marksMediumShort answer
Class 12 · ICSE · Mathematics
Application of Calculus in Commerce and Economics
Cost, revenue and profit functions, marginal cost and revenue, break-even point and elasticity of demand.
- Questions
- 5
- PYQs
- 0
- Topics
- 0
Syllabus mapping: ISC syllabus (CISCE)
Questions
5 questions in this chapter.
- Answer available
Class 12 · Mathematics · Application of Calculus in Commerce and Economics
The demand function is x = 100 − 2p. Find the elasticity of demand when p = 20.
3 marksMediumNumerical
- Answer available
Class 12 · Mathematics · Application of Calculus in Commerce and Economics
If the total cost function is C(x) = 0.5x2 + 20x + 100, find the marginal cost when x = 10.
3 marksMediumNumerical
- Answer available
Class 12 · Mathematics · Application of Calculus in Commerce and Economics
If the demand function is p = 50 − 2x, find the marginal revenue when x = 5.
3 marksMediumNumerical
- Answer available
Class 12 · Mathematics · Application of Calculus in Commerce and Economics
The total cost of producing x units is C(x) = 2x2 + 10x + 50 and the revenue is R(x) = 40x. Find the level of output at which the profit is greatest.
3 marksMediumNumerical