A coconut merchant who is selling tender coconuts in uzhavar santhai Tennur Tiruchy entered into an agreement with a farmer on 31st August 2021. The agreement is that the farmer is to supply big tender coconuts at the rate of Rs 20 per piece for the next 6 months irrespective of the price in the market. The previous evening the number will be intimated to the farmer and the farmer will send the coconuts to the merchant. The selling price of the coconut is fixed by the officer in charge and will be reviewed every two weeks. Since the demand is not uniform the merchant decided to take the average demand of the 14 days as the demand corresponding to the price. His neighbor had a different model. He got his goods depending on the price. For him the supply was associated with the price. Hence the merchant decided to use his neighbor's data to fix the supply function. For the period 1---14 of September the selling price was fixed at Rs 25. During this period the demand for the merchant was noticed to be 372,390,380,395,382,384,381,388,373,377,378,365,379 and 376. During the same period the supply for the neighbor was found to be 455,450,462,449,444,452,454,445,445,443,450,457,446 and 448. For the period 15----28 of September the selling price was fixed at Rs 30. During this period the demand was 362,360,354,366,350,349,352,368,371,370,354,366,359 and 359. During this period the supply for the neighbor was 500,490,480,498,502,503,495,504,506,510,512,500,508 and 492. The merchant has to pay Rs 500 per trip to bring the coconuts from the farm to santhai and this is charged per trip and does not depend on the number of coconuts. He also has to pay also a rent of Rs 100 every day. The loading charge at the farm is Rs 15 for 10 coconuts. The unloading charge is Rs 5 for 10 coconuts. In this context find the following 1) The demand function 2) The supply function 3) The cost function 4) The revenue and profit functions
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A coconut merchant who is selling tender coconuts in uzhavar santhai Tennur Tiruchy entered into an agreement with a farmer on 31st August 2021. The agreement is that the farmer is to supply big tender coconuts at the rate of Rs 20 per piece for the next 6 months irrespective of the price in the market. The previous evening the number will be intimated to the farmer and the farmer will send the coconuts to the merchant. The selling price of the coconut is fixed by the officer in charge and will be reviewed every two weeks. Since the demand is not uniform the merchant decided to take the average demand of the 14 days as the demand corresponding to the price. His neighbor had a different model. He got his goods depending on the price. For him the supply was associated with the price. Hence the merchant decided to use his neighbor's data to fix the supply function. For the period 1---14 of September the selling price was fixed at Rs 25. During this period the demand for the merchant was noticed to be 372,390,380,395,382,384,381,388,373,377,378,365,379 and 376. During the same period the supply for the neighbor was found to be 455,450,462,449,444,452,454,445,445,443,450,457,446 and 448. For the period 15----28 of September the selling price was fixed at Rs 30. During this period the demand was 362,360,354,366,350,349,352,368,371,370,354,366,359 and 359. During this period the supply for the neighbor was 500,490,480,498,502,503,495,504,506,510,512,500,508 and 492. The merchant has to pay Rs 500 per trip to bring the coconuts from the farm to santhai and this is charged per trip and does not depend on the number of coconuts. He also has to pay also a rent of Rs 100 every day. The loading charge at the farm is Rs 15 for 10 coconuts. The unloading charge is Rs 5 for 10 coconuts. In this context find the following 1) The demand function 2) The supply function 3) The cost function 4) The revenue and profit functions