Application of Calculus
Each subtopic includes About section, revision page link, 10 preview questions, and practice CTAs.
Application in Commerce and Economics
SubtopicApplication in Commerce and Economics under Application of Calculus for Grade 12 ICSE.
Preview questions (no answers)
- 1.
If , find the value of at .
A.4
B.8
C.0
D.12
- 2.
If , what is the Marginal Cost at ?
A.6
B.13
C.9
D.2
- 3.
The Marginal Cost function is the _____ of the Total Cost function.
A.Derivative
B.Integral
C.Average
D.Square
- 4.
For a demand function , at what is the Total Revenue maximized?
A.5
B.10
C.0
D.2.5
- 5.
If the price is given by , find the marginal revenue function.
A.B.C.D. - 6.
What is the elasticity of demand for the demand function ?
A.B.C.D. - 7.
If the marginal cost is and fixed costs are zero, what is the average cost function?
A.B.C.D. - 8.
For a product, the demand is . At what price is the price elasticity of demand equal to 2?
A.₹33.33
B.₹66.67
C.₹50.00
D.₹75.00
- 9.
If the demand function is , find the Consumer's Surplus when .
A.10(1 - 2/e)
B.10(1 - 1/e)
C.20(1 - 2/e)
D.20(1 - 1/e)
- 10.
The marginal cost is . Find the total cost function if the fixed cost is .
A.B.C.D.
Download the worksheet for Application of Calculus - Application in Commerce and Economics to practice offline. It includes additional chapter-level practice questions.
Cost, Revenue, and Profit Functions
SubtopicCost, Revenue, and Profit Functions under Application of Calculus for Grade 12 ICSE.
Preview questions (no answers)
- 1.
A company's total revenue function is represented by the curve , where represents the number of units sold. The graph below shows the revenue function on a coordinate plane. Find the marginal revenue when 10 units are sold.
A.B.C.D. - 2.
The total cost function for producing units of a commodity is given by . The graph below shows the Marginal Cost curve . Find the Marginal Cost when units.
A.Rs 35
B.Rs 45
C.Rs 55
D.Rs 25
- 3.
If the marginal cost is , find the change in total cost when production increases from to .
A.26
B.24
C.28
D.22
- 4.
In a competitive market, price is constant at 15. If , find the output that maximizes profit.
A.5
B.10
C.15
D.20
- 5.
Given the demand function and the cost function , the diagram displays the Profit function . Determine the price at which the profit is maximized.
A.Rs 30
B.Rs 60
C.Rs 90
D.Rs 105
- 6.
The average cost function for a manufacturer is given by . The diagram shows the total cost curve. Find the level of output at which the Marginal Cost (MC) is equal to the Average Cost (AC).
A.x = 5
B.x = 15
C.x = 20
D.x = 10
- 7.
A company has a cost function and a revenue function . Calculate the output level where the profit is increasing at a rate of 10 units per production of one extra unit.
A.30
B.20
C.35
D.40
- 8.
A tech company manufactures a specialized microchip. The daily total cost (in thousands of Rupees) is given by , where is the number of chips produced. Market research shows the demand function is , where is the price per chip in thousands of Rupees. The following graph shows the Marginal Revenue (MR) and Marginal Cost (MC) curves for this production process. At what level of production is the daily profit maximized, and what is the maximum daily profit (in thousands of Rupees)?
A.x = 40, Profit = 1550
B.x = 80, Profit = 1600
C.x = 40, Profit = 1600
D.x = 30, Profit = 1550
- 9.
A firm's marginal revenue is and marginal cost is . What is the total change in profit if production increases from to ? Use the area between curves in the diagram.
A.B.C.D. - 10.
A company has a total cost function . Determine the range of for which the marginal cost is decreasing. Look at the curve vertex.
A.B.C.D.
Download the worksheet for Application of Calculus - Cost, Revenue, and Profit Functions to practice offline. It includes additional chapter-level practice questions.
Marginal Cost and Marginal Revenue
SubtopicMarginal Cost and Marginal Revenue under Application of Calculus for Grade 12 ICSE.
Preview questions (no answers)
- 1.
If , find the marginal revenue when .
A.B.C.D. - 2.
The total cost function is . Find the marginal cost at .
A.B.C.D. - 3.
If , find the marginal revenue when .
A.B.C.D. - 4.
Find the marginal cost at for the linear cost function .
A.B.C.D. - 5.
If , find the marginal cost at .
A.₹5
B.₹6
C.₹4.1
D.₹7
- 6.
For the demand function , find the price elasticity of demand when .
A.1.0
B.2.0
C.1.5
D.0.5
- 7.
If the total cost function is , what is the marginal cost?
A.100
B.5x
C.5
D.105
- 8.
The Marginal Revenue function is . Find the value of the price elasticity of demand when .
A.B.C.D. - 9.
If , at what output is ?
A.B.C.D. - 10.
The revenue function is . Find the percentage change in if increases from 100 to 110.
A.B.C.D.
Download the worksheet for Application of Calculus - Marginal Cost and Marginal Revenue to practice offline. It includes additional chapter-level practice questions.
Break-even Point
SubtopicBreak-even Point under Application of Calculus for Grade 12 ICSE.
Preview questions (no answers)
- 1.
Identify the break-even value of when and .
A.5
B.10
C.15
D.20
- 2.
If the profit function is given by , find the output for the break-even point.
A.40
B.50
C.60
D.70
- 3.
Find the break-even level if and .
A.x = 5
B.x = 10
C.x = 15
D.x = 20
- 4.
If and , find the break-even quantity.
A.10
B.15
C.20
D.25
- 5.
Find the break-even points if and .
A.B.C.D. - 6.
A company has a cost function and a revenue function . Calculate the break-even points.
A.B.C.D. - 7.
Determine the break-even quantity for a firm with profit function .
A.B.C.D. - 8.
The total revenue function is and the total cost function is . Find the break-even levels.
A.B.C.D. - 9.
A manufacturer has and . If fixed costs are ₹5,000, find the break-even points.
A.B.C.D. - 10.
If and , determine the break-even points.
A.B.C.D.
Download the worksheet for Application of Calculus - Break-even Point to practice offline. It includes additional chapter-level practice questions.