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12th ICSE
IMPORTANT
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The cost function C(x) for x breads is given by C(x)=(3.5x+12000). If each bread is sold for 6, determine the minimum number of breads that should be produced and sold to ensure no loss. 

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Important Questions on Application of Calculus in Commerce and Economics

EASY
12th ICSE
IMPORTANT
Understanding ISC Mathematics Class 12 Volume 2>Chapter 1 - Application of Calculus in Commerce and Economics>CHAPTER TEST>Q 1
The cost function C(x) for x breads is given by C(x)=(3.5x+12000). If the selling price is Rs 6.5 per bread, what would be the break-even point? 
EASY
12th ICSE
IMPORTANT
Understanding ISC Mathematics Class 12 Volume 2>Chapter 1 - Application of Calculus in Commerce and Economics>CHAPTER TEST>Q 2
A factory is manufacturing table fans. From the information given below, calculate the breakeven point (of cost).
Total fixed cost = 30 lacs
Cost of labour per fan = 30
Cost of material per fan = 275
Miscellaneous variable expenses per fan = 45
Selling price per fan = 500. 
EASY
12th ICSE
IMPORTANT
Understanding ISC Mathematics Class 12 Volume 2>Chapter 1 - Application of Calculus in Commerce and Economics>CHAPTER TEST>Q 3
 An entrepreneur wants to start the production of floppy disks. He observes that he will have to spend 2 lacs for technical know-how, 6 lacs on plant and machinery, and the cost of producing each floppy is 6. He can sell each floppy at 13. Determine the break-even point. Also calculate his profit or loss when he produces 1 lac floppy disks.
EASY
12th ICSE
IMPORTANT
Understanding ISC Mathematics Class 12 Volume 2>Chapter 1 - Application of Calculus in Commerce and Economics>CHAPTER TEST>Q 3
An entrepreneur wants to start the production of floppy disks. He observes that he will have to spend 2 lacs for technical know-how, 6 lacs on plant and machinery, and the cost of producing each floppy is 6. He can sell each floppy at 13. Determine the break-even point. Also calculate his profit or loss when he produces 1.5 lacs floppy disks. 
EASY
12th ICSE
IMPORTANT
Understanding ISC Mathematics Class 12 Volume 2>Chapter 1 - Application of Calculus in Commerce and Economics>CHAPTER TEST>Q 4
A firm knows that demand function for its main product is linear. It also knows that it can sell 3000 units at 5 per unit and it can sell 1200 units when price is 11 per unit. Determine the demand function.
EASY
12th ICSE
IMPORTANT
Understanding ISC Mathematics Class 12 Volume 2>Chapter 1 - Application of Calculus in Commerce and Economics>CHAPTER TEST>Q 4
A firm knows that demand function for its main product is linear. It also knows that it can sell 3000 units at Rs.5 per unit and it can
sell 1200 units when price is Rs.11 per unit. Determine the total revenue function.
EASY
12th ICSE
IMPORTANT
Understanding ISC Mathematics Class 12 Volume 2>Chapter 1 - Application of Calculus in Commerce and Economics>CHAPTER TEST>Q 4
A firm knows that demand function for its main product is linear. It also knows that it can sell 3000 units at Rs.5 per unit and it can
sell 1200 units when price is Rs.11 per unit. Determine  the average revenue function 
EASY
12th ICSE
IMPORTANT
Understanding ISC Mathematics Class 12 Volume 2>Chapter 1 - Application of Calculus in Commerce and Economics>CHAPTER TEST>Q 4
A firm knows that demand function for its main product is linear. It also knows that it can sell 3000 units at Rs 5 per unit and it can
sell 1200units when price is Rs.11 per unit. Determine the marginal revenue function