Economics Question for M. com Question paper 2017
Want a solution to some economics questions of M.Com papers? Searching for answers or tips to solve the problems? Here, on this page you can get answers to the rate of growth and the highest possible sales.
Q. Redstone Company is currently in a phase of output expansion. Its sales - price relationship is given by 5p^2 +S =0 where p denotes price and S denotes sales. The CEO needs to ascertain the rate of growth of the company s'sales at an output level of 50. The company s' economist highlights this rate as 20%. Justify the Economist s' finding in this behalf. At which output level, does the company attain its highest possible sales? ?