The total revenue received from the sale of x units of a product is given by $R(x)=36x+3x^2+5.$ Then the difference between Marginal revenue and Average revenue when x= 5 is : |
12 14 16 18 |
14 |
The correct answer is Option (2) → 14 The total revenue function, $R(x)=36x+3x^2+5$ and, Average Revenue (AR), $AR=\frac{R(x)}{x}=\frac{36x+3x^2+5}{x}$ $AR=36+3x+\frac{5}{x}$ $⇒AR(5)=36+3×5+\frac{5}{5}=52$ Now, Marginal Revenue, $MR(x)=\frac{d}{dx}(36x+3x^2+5)$ $=36+6x$ $⇒MR(5)=36+6×5=66$ $∴MR-AR=66-52=14$ |