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11th Standard English Medium Economics Subject Mathematical Methods for Economics Book Back 2 Mark Questions with Solution Part - I Question Bank Software Jun-10 , 2021

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11th Standard English Medium Economics Subject Mathematical Methods for Economics Book Back 2 Mark Questions with Solution Part - I

11th Standard English Medium Economics Subject Mathematical Methods for Economics Book Back 2 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Economics

Time : 01:00:00 Hrs
Total Marks : 10

    2 Marks

    5 x 2 = 10

  1. If 62 = 34 + 4x what is x?

  2. Given the demand function q = 150 - 3p, derive a function for MR.

  3. Find the average cost function where TC = 60 + 10x + 15x2.

  4. The demand function is given by x = 20 - 2p - p2 where p and x are the price and the quantity respectively. Find the elasticity of demand for p = 2.5.

  5. Suppose the price p and quantity q of a commodity are related by the equation q = 30 -4p-p2. Find (i) ed at p = 2 (ii) MR.

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