Question
A company using first-degree price discrimination has a
demand curve given by P=100−2Q. If the marginal cost of production is $10 per unit, what is the total revenue if the company sells 20 units?Solution
Some students will find the price, P = 100-2(20) = 60 and then find TR= PQ = 60*20 = 1200. This is wrong. In the first-degree price discrimination, we need to find TR through integration of demand function. 
Statements: M ≥ X ≥ B > V ≤ G = Y > K > U < N
Conclusion
I: G > U
II: V ≤ M
Statements:
Some Lessons are Chapters.
No Chapter is Topic.
Only a few Topics are Paragraphs.
Only Paragraph is Content.
...Given below are two statements, followed by two conclusions. Assume the given statements to be true even if they vary with commonly known facts. Based o...
Read the statements and identify which of the conclusions logically follow/s from the given statement.
Statement:
Parents are ready to p...
Statements:
Q ≥ R = P; R > S ≥ Z; S ≥ B < C
Conclusions:
I. C > Z
II. B < Q
Statements:
Only English are History.
Only a few English are Science.
Some Science are not Hindi.
Conclusions:
<...Statement: S ≤ M < X = H ≥ B ≥ K < V
Conclusion: X > K, K = X
In each question below is given a statement followed by two conclusions numbered I and II. You have to assume everything in the statement to be true, ...
The data breach at 19 Indian banks that have led to more than 32 lakh debit cards being blocked or recalled is a wake-up call for the banking industry. ...
Statements: H = U < S ≤ V > F = E > J ≥ I
Conclusion
I: H < F
II: V > I
