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11th Standard English Medium Economics Subject Mathematical Methods for Economics Book Back 3 Mark Questions with Solution Part - II Question Bank Software Jun-10 , 2021

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11th Standard English Medium Economics Subject Mathematical Methods for Economics Book Back 3 Mark Questions with Solution Part - II

11th Standard English Medium Economics Subject Mathematical Methods for Economics Book Back 3 Mark Questions with Solution Part - II

11th Standard

    Reg.No. :
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Economics

Time : 01:00:00 Hrs
Total Marks : 15

    3 Marks

    5 x 3 = 15

  1. A producer has the total cost function TC(Q) = Q3 - 18Q2+ 91Q + 10 where costs are given in rupees. Find the Marginal cost (MC) and the average variable cost (AVC), When Q = 3.

  2. The market demand curve is given by D = 50 - 5P. Find the maximum price beyond which nobody will buy the commodity.

  3. Differentiate the function \(y={ 3x }^{ 2 }+{ 16x }^{ 3 }\) with respect to x.

  4. Given the total cost function, TC = 20 + \(5{ Q }^{ 2 }+{ 3Q }^{ 3 }\) derive the marginal cost function.

  5. The marginal cost function for producing x units is y = 23 + 16x - 3x2 and the total cost for producing zero unit is Rs.40. Obtain the total cost function and the average cost function.

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