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Standard XI

Economics

Market Supply Curve

If four produ...

Question

If four products P, Q, R and S shown in the graph are sold at price of Rs. 9, Rs. 4, Rs. 13 and Rs. 3 respectively during 1990-1995, then the total revenue of all the products is lowest in which year?

1991

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1992

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1993

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None of the above

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Solution

The correct option is C 1993
$\begin{matrix} Y e a r & 1990 & 1991 & 1992 & 1993 & 1994 & 1995 P & R s .9 & 45 & 405 & 25 & 225 & 40 & 360 & 38 & 342 & 75 & 675 & 55 & 495 Q & R s .4 & 98 & 392 & 40 & 160 & 108 & 432 & 60 & 240 & 40 & 160 & 70 & 280 R & R s .13 & 72 & 936 & 92 & 1196 & 106 & 1378 & 62 & 806 & 132 & 1716 & 120 & 1560 S & R s .3 & 115 & 345 & 158 & 474 & 165 & 495 & 139 & 417 & 88 & 264 & 95 & 285 T o t a l & 2078 & 2055 & 2665 & 1805 & 2815 & 2620 \end{matrix}$
The total revenue of all the products is lowest in 1993.

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Similar questions

Q. Four products P, Q, R and S as shown in the graph are sold at prices of Rs. 9, Rs. 4, Rs. 13 and Rs. 3 respectively during 1990-1995. Which of the following statements is TRUE?

Q. Individual revenue of P, Q, R and S for the entire period (1990-1995) is calculated based on the price of Rs. 9, Rs. 4, Rs. 13 and Rs. 3 respectively. Which product fetches the lowest revenue?

Q. A manufacturer produces three products

x, y, z

which he sells in two markets. Annual sales are indicated below:
Market Products

$I$	$10, 000$	$2, 000$	$18, 000$
$I I$	$6, 000$	$20, 000$	$8, 000$

(a) If unit sale prices of

x, y

and

z

are

R s . 2.50

R s . 1.50

and

R s . 1.00

, respectively, find the total revenue in each market with the help of matrix algebra.
(b) If the unit costs of the above three commodities are

R s . 2.00, R s . 1.00

and

50

paise respectively. Find the gross profit.

Q. A manufacturer produces three products x , y , z which he sells in two markets. Annual sales are indicated below: Market Products I 10000 2000 18000 II 6000 20000 8000 (a) If unit sale prices of x , y and z are Rs 2.50, Rs 1.50 and Rs 1.00, respectively, find the total revenue in each market with the help of matrix algebra. (b) If the unit costs of the above three commodities are Rs 2.00, Rs 1.00 and 50 paise respectively. Find the gross profit.

A manufacturer produces three products x, y, z which he sells in two markets.

Annual sales are indicated below:

Market	Products
I	10000	2000	18000
II	6000	20000	8000

(a) If unit sale prices of x, y and z are Rs 2.50, Rs 1.50 and Rs 1.00, respectively, find the total revenue in each market with the help of matrix algebra.

(b) If the unit costs of the above three commodities are Rs 2.00, Rs 1.00 and 50 paise respectively. Find the gross profit.

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