Case Study 1. Consider XYZ manufacturer's total cost function is given as C(x)= 2x^2+3x+1000. Answer the questions associated with this information.

Case Study 2. A monopolist's demand function is p = 300 - 5x. Answer the questions associated with this information.

Case Study 3. A company XYZ has cost function for 'x' number of units as C(x) = x^3-(15/2)x^2+18x+10

Question 1: Based on Case Study 1 - The average cost function of XYZ manufacturer is __________

a. 2x+3+(100)/x

b. 2x+3+(1000)/x

c. 2+3x+(1000)/x

d. None of these

Q 2 Based on Case Study 1 - The formula for finding average cost is __________

a. C(x) * x

b. C(x) / x

c. 754

d. 234

Q 3 Based on Case Study 1 - The Marginal cost function of XYZ manufacturer is __________

a. 2x + 3

b. 4x - 3

c. 4x + 3

d. 3x + 4

Q 4 Based on Case Study 1 - The Marginal cost when 5 units are produced is __________

a. 21

b. 22

c. 23

d. 24

Q 5 Based on Case Study 2 - Relationship between the slope of MR and AR can be explained by_______

a. slope of MR is twice the slope of AR

b. slope of MR is thrice the slope of AR

c. slope of AR is twice the slope of MR

d. None of these

Q 6 Based on Case Study 2 - The Marginal revenue function is __________

a. x / 30

b. 10x - 300

c. 300 - 10x

d. 300 + 10x

Q 7 Based on Case Study 2 - The marginal revenue is zero at the price_______

a. 150

b. 100

c. 200

d. 50

Q 8 Based on Case Study 3 - Average cost for the number of units which minimize the marginal cost is_______

a. 20

b. 22.45

c. 24

d. 26

Q 9 Based on Case Study 3 - Number of units for which the Marginal Cost is minimum is_______

a. 1

b. 2.5

c. 3

d. 5

Q 10 Based on Case Study 3 - Total cost for the number of units which minimise the marginal cost is_______

a. 9.5

b. 11

c. 9

d. None of these