The cost function of a firm is given by C=2x2-4x+5.Find the average cost at x=2?
5/2
3/2
0
1/2
A company produced a commodity with Rs,20,000 fixed costs .The variable cost is estimated to 35 % of the total revenue when it is sold at a rate of Rs 6 per unit.Find the total revenue ,total cost and profit function of the revenue When it is sold.
(39x/10)-20000
41x/10-2000
43x/10-20000
None of these
If C =ax2+bx+c represents the total cost function ,then the slope of two average cost function is
2ax+b
ax+b+c/x
a-c/x2
When a firm operates under ___________ ,the market and not the producer determines the price.
Pure competition
Demand
Marginal cost
The fixed cost of a new product is Rs.35,000 and variable cost per unit is Rs.500.Demand function P(x)=5000-100x,find the break - even values
10,15
10,25
10,20
10,35
The _____ keeps on varying as levels of production
Fixed cost
Variable cost
The total cost C(x) associated with production and marketing of x units of an item is given by C(x) =0.005 x3-0.02x2+30x+500.Then the average cost of output of 10 units is
80
80.1
80.2
80.3
The ________ is said to represent the functional relationship between demand and price of a commodity
Cost function
Demand function
Supply function
Given that the total cost function for x units of a commodity as C(x) =x3/3+3x2-7x+16.Then the average cost function is
x2+3x-7
x2/3+3x-7+16/x
x2/2+3x-7x
