Home
Class 11
ECONOMICS
When 5 units of a good are sold, TR is R...

When 5 units of a good are sold, TR is Rs 100. when 6 units are sold, MR is Rs 8 . At what price are 6 units sold ?

A

Rs 28 per unit

B

Rs 20 per unit

C

Rs 18 per unit

D

Rs 12 per unit

Text Solution

Verified by Experts

The correct Answer is:
C
Promotional Banner

Topper's Solved these Questions

  • CONCEPTS OF REVENUE

    RADHA BHUGANA|Exercise Objective type question|20 Videos

  • CONCEPTS OF REVENUE

    RADHA BHUGANA|Exercise Conceptual Question|14 Videos

  • CONCEPTS OF REVENUE

    RADHA BHUGANA|Exercise Fill in the blank|5 Videos

  • CONCEPTS OF COST

    RADHA BHUGANA|Exercise UNSOLVED NUMERICALS|8 Videos

  • CONSUMER'S EQUILIBRIUM

    RADHA BHUGANA|Exercise UNSOLVED NUMERICALS|8 Videos

Similar Questions

Explore conceptually related problems

When 5 units of a good is sold, total revenue is ₹ 100. When 6 units are sold, marginal revenue is ₹ 8. At what price are 6 units sold ? (Choose the correct alternative)

E_(P) of a good is - 5. At a price of Rs. 10 per unit consumer busy 200 units . At what price will busy 100 units ?

When price of a good is Rs. 7 per unit a consumer busy 12 units . When price fails to Rs. 6 per unit he spends Rs. 72 on the good . Calculate price elasticity of demand by using percentage method. Comment on the likely shape of demand curve based on based on this measure of elasticity.

A consumer busy 50 units of a good at Rs. 10 per unit . At a price of Rs.8 per unit he busy 100 units . Find out E_(P) .

E_(P) of a good is -4. When price of this good rises from Rs. 5 to Rs. 6 per unit , a consumer busy 40 units less . How many units did he buy at Rs. 5 ?

When price of a good is Rs. 13 per units , the consumer buys 11 units of that good . When price rises to Rs. 15 per unit , the consumer continues to buy 11 units . Calculate price elasticity of demand.

The profit earned when an article is sold for Rs. 800 is 20 times the loss incurred when it is sold for Rs. 275. At what price should the article be sold if it is desired to make a profit of 25%?