Question
A firm maximizes its profit when
Solution
The profit maximization of a firm is achieved when its marginal revenue (MR) is equal to marginal cost (MC) of the additional unit of output.
M invested Rs. 27,000 in two Mutual Funds, 'Axis Funds' and 'ICICI Funds,' for 5 years and 2 years, respectively. 'Axis Funds' provide simple interest a...
Azhar deposited an amount of Rs. 'x + 250' in a simple interest scheme at a rate of 20% per annum for a duration of 3 years. Additionally, he invested R...
A sum of money amounts to ₹8700 in 2 years at a simple interest rate of 8% per annum. If the same sum is invested at compound interest with the same r...
- Calculate the simple interest on Rs. 7,500 at the rate of 12% per annum for 18 months.
A man invested certain sum at simple interest of r% p.a. such that it amounts to 110% of itself in 4 years. Find the interest earned when Rs. 3400 is in...
Difference between simple interest and compound interest at the rate of 10% p.a. for 2 years is Rs 480, find the sum.
- Meena invests Rs. 55,000 in Scheme 'L' and Rs. 32,000 in Scheme 'M'. Scheme 'L' provides simple interest at 11% p.a. for 3 years, and Scheme 'M' offers 10%...
A sum of money lent out at simple interest amounts to Rs.620 after 2 years and to Rs.1220 after a further period of 4 years. The sum is:
Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 1700 and Rs...
What sum of money must be given at simple interest for 5 months at 3% per annum in order to earn Rs. 260 interest?
