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.
Application of Calculus in Commerce and Economics
Original Khojo Papers practice question — not from a past board paper.
30
No citable source has been recorded for this record. Treat it as practice material, not as fact.
The marginal cost is dC/dx = x + 20, which is 30 at x = 10.
From the same topic and chapter, at a similar level.
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.
Application of Calculus in Commerce and Economics
The demand function is x = 100 − 2p. Find the elasticity of demand when p = 20.
Application of Calculus in Commerce and Economics
If the demand function is p = 50 − 2x, find the marginal revenue when x = 5.
Application of Calculus in Commerce and Economics
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Application of Calculus in Commerce and Economics
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