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28.
The marketing team of a FMCG firm can sell Y units of shampoo packets at a price of Rs (10 - y/100) each. The total cost of producing Y shampoo packets is Rs Y/10. The firm incurs an additional fixed cost of Rs. 100 in production and distribution. Assume that there are no other costs.
[1] Find the number of shampoo packets that the firm should sell to maximize its profits?
(A) 495
(B) 595
(C) 450
(D) 550[2] If the fixed cost of production and distribution increases from Rs. 100 to Rs. 200, the optimal number of the shampoo packets to be sold will
(A) increase
(B) decrease
(C) not change
(D) cannot sayasked in JMET
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29.
After a successful T20 cricket tournament, Indian Premier League (IPL) is interested in launching a new variant of One Day International cricket called T40 (forty overs a side game). Indian Cricket League (ICL, a rival league of IPL) also has similar thoughts. An independent agency conducted a survey of 1000 respondents to determine the consumer preference of IPL versus ICL, and preference of T20 versus T40. Unfortunately, some of the survey information is lost. Following information is available:
i. 70 percent of the respondents prefer T20 over T40.
ii. 80 percent of the respondents prefer IPL over ICL.
iii. 80 percent of those who preferred IPL preferred T20 over T40.[1] Determine the number of respondents who prefer both T20 and ICL.
(A) 640
(B) 60
(C) 50
(D) 140[2] Determine the number of respondents who prefer both T40 and IPL.
(A) 160
(B) 60
(C) 640
(D) 140asked in JMET
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