Home
Class 12
MATHS
The demand function for a certain produc...

The demand function for a certain product is represented by p = 200 + 20 x - `x^(2)` (in rupees). Obtain the marginal revenue when 10 units are sold.

Text Solution

Verified by Experts

The correct Answer is:
₹ 300; Approximate increase in revenue = ₹ 300, when sales are increased from 1 to 11 units
Promotional Banner

Topper's Solved these Questions

  • MODEL TEST PAPER - 7

    ICSE|Exercise Section - C (In sub-parts (i) and (ii) choose the correct option and in sub-parts (iii) to (v), answer the questions as instructed.) |5 Videos

  • MODEL TEST PAPER - 4

    ICSE|Exercise SECTION - C|10 Videos

  • MODEL TEST PAPER - 8

    ICSE|Exercise Section - C |6 Videos

Similar Questions

Explore conceptually related problems

The demand for a certain product is represented by the equation p=500+25x-x^2/3 in rupees where is the number of units and p is the price per unit Find : (i) Marginal revenue function. (ii) The marginal revenue when 10 units are sold.

The demand function of a certain commodity is given by p= 1000 - 25 x+x^(2) where 0le x le20 . Find the price per unit and total revenue from the sale of 5 units.

If the demand function is p(x) = 20 -(x)/(2) then the marginal revenue when x = 10 is

The total revenue of selling of x units of a product is represented by R (x) = 2x^(2)+x+5 .Find its marginal revenue for 5 units.

The total revenue received from the sale of x units of a product is given by R(x) = 20 x - 0.5x^(2) . Find Difference of average revenue and marginal revenue when x = 10

f the demand function for a monopolist is given by x = 100 - 4p, the marginal revenue function is

The total revenue ( in rupees ) received from the sale of x units of LCD is given by R(x)=1000x^(2)+50x+10 . Find the marginal revenue , when 10 units of LCD is sold.

The total revenue received from the sale of x units of a product is given by R(x) = 20 x - 0.5x^(2) . Find Marginal revenue

The total cost C (x) in Rupees associated with the production of x units of an item is given by C (x)= 0.007 x^3- 0.003 x^2 +15x+ 4000 . Find the marginal cost when 17 units are produced.

The revenus function is given by R (x) = 100 x -x ^(2) -x ^(3) . Find Marginal revenue function.