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The fixed cost of a new product is Rs.18,000 and the variable cost is Rs.550 per unit.If the demand function $p(x)=4000-150x$,find break even points.
This question has multiple parts. Therefore each part has been answered as a separate question on Clay6.com
isc
class12
modelpaper
2007
sec-c
q14
q14-b
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Apr 16, 2013
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sreemathi.v
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If total cost function is given by $C=a+bx+cx^2$,where x is the quantity of output.Show that : $\frac{d}{dx}(AC)=\frac{1}{x}(MC-AC),$where $MC$ is the marginal cost and $AC$ is the average cost.
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Given that the total cost function for x units of a commodity is : $C(x)=\large \frac{x^3}{3}\normalsize +3x^2-7x+16$
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