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- This topic has 5 replies, 2 voices, and was last updated 10 years ago by John Moffat.
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- June 4, 2014 at 2:27 pm #173751
please sir help me
The following information relates to questions 24 and 25:
A company has established the following selling price, costs and revenue equations for one of its products:
Selling price (£ per unit) = 50 – 0·025Q
Marginal revenue (£ per unit) = 50 – 0·05Q
Total costs per month (£) = 2,000 + 15Q
Q represents the number of units produced and sold per month.
24 At what selling price will monthly profits be maximised?
A £15·00
B £17·50
C £25·00
D £32·50
25 What would be the monthly profit if the selling price per unit was set at £20?
A £1,000
B £4,000
C £6,000
D £12,000June 5, 2014 at 9:43 am #174119This is not in the syllabus for Paper F2. (It is Paper F5)
June 5, 2014 at 1:11 pm #174173Okiee actually I got it in one of f2 exams thanks
June 5, 2014 at 2:23 pm #174202It should not have been in an F2 exam.
June 5, 2014 at 4:56 pm #174328Hmm it was a long ago exams
June 5, 2014 at 5:13 pm #174340OK 🙂
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