Given that the total cost function for x units of a commodity as C(x)=x3/3+3x2-7x+16,then the marginal cost function is
3x2+3x+7
3x2+3x-7
x2+6x-7
x2+6x+7
The total cost and the total revenue functions for a company that produces and sells x units of a particular product are given by c(x) =5x+350 and R(x) =50x-X2 respectively then the break even values of x are
5,10
10,45
25,30
15,40
The cost function C(x) of a firm is given by C(x) =3x2-6x+5 .Find the average cost at x=2?
1.5
2.5
3.5
4.5
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
None of these
The ________ is said to represent the functional relationship between demand and price of a commodity
Cost function
Demand function
Supply function
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
When a firm operates under ___________ ,the market and not the producer determines the price.
Pure competition
Demand
Marginal cost
The _________ are those which do not change with levels of production
Fixed cost
variable cost
The _____ keeps on varying as levels of production
Variable cost
