DSC1520 ASSIGNMENT 3
FOR SEMESTER 1 2025
YEAR: 2025
, Question 1
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The demand function of a firm is
Q=60−2,5PQ=60−2,5P
where QQ and PP represent the quantity and price respectively. At what value of PP is the marginal
revenue equal to zero?
a.
1212
b.
150150
c.
00
d.
2424
e.
None of the given options is correct.
Clear my choice
Question 2
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The demand function of a firm is
Q=180−3PQ=180−3P
where QQ and PP represent the quantity and price respectively. At what price is revenue a
maximum?
a.
3030
FOR SEMESTER 1 2025
YEAR: 2025
, Question 1
Not yet answered
Marked out of 10.00
Flag question
Question text
The demand function of a firm is
Q=60−2,5PQ=60−2,5P
where QQ and PP represent the quantity and price respectively. At what value of PP is the marginal
revenue equal to zero?
a.
1212
b.
150150
c.
00
d.
2424
e.
None of the given options is correct.
Clear my choice
Question 2
Not yet answered
Marked out of 10.00
Flag question
Question text
The demand function of a firm is
Q=180−3PQ=180−3P
where QQ and PP represent the quantity and price respectively. At what price is revenue a
maximum?
a.
3030