Revenue and Demand Function

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Revenue and Demand Function: Overview

In this topic, we will discuss the ways of determining the revenue and demand function from marginal revenue function. We will also learn why we need to determine these functions. Moreover, it gives some examples related to these functions.

Important Questions on Revenue and Demand Function

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The total cost function is given by C=4X2+7X+10. Find the average cost and marginal cost when X=4.

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The demand function of a commodity is given by D=35+3P-P2. Find the Average revenue and marginal Revenue when P=2.

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The demand function of a monopolist is given by P=2000+4x+3x2. Find (i) the revenue function, (ii) the marginal revenue function.

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The demand function of a monopolist is given by P=2000+4x-x2. Find (i) the revenue function, (ii) the marginal revenue function.

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The demand function of a monopolist is given by P=2000-2x-x2. Find (i) the revenue function, (ii) the marginal revenue function.

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The demand function of a monopolist is given by P=3000-2x-x2. Find (i) the revenue function, (ii) the marginal revenue function.

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The demand x of a commodity in terms of price p is given by x=19(245-7p). The average cost is Rs. 20 per unit. Find the revenue function in terms of p.

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The cost of manufacturing x units of toys is modelled by Cx=10x-200. The profit obtained from selling x units is modelled by Px=20x-4. Find the revenue function R.

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A manufacturer can sell x items of commodity at a price of Rs.(330-x) each. Find the revenue function along with the cost of producing x items is Rs.(x2+10x+12), determine the profit function.

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The marginal revenue of selling x units of a commodity is given by MR = 20 ex/10 1+x10. If the revenue obtained  on selling 10 units of the commodity is Rs200e, find the revenue function.

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The demand function of a monopolist is given by P=2000-2x-x2. Calculate the marginal revenue function from the revenue function derived from the demand function.

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