The total revenue received from the sale of x units of a product is given by $R(x)=36x^2-x^2+10.$ Arrange the following values in ascending order. A. marginal revenue at $X=5$ B. average revenue at $X=5$ C. marginal revenue at $X=10$ D. average revenue at $X=10$ Choose the correct answer from the options given below : |
B < A < D < C D < B < C< A A < D< B < C C < A < D < B |
B < A < D < C |
The correct answer is Option (1) → B < A < D < C Revenue, $R(x)=36x^2-x^2+10=35x^2+10$ $MR(x)=\frac{dR(x)}{dx}=70x$ $⇒MR(5)=70×5=350$ → (A) $MR(10)=70×10=700$ → (C) Now, Average Revenue, $AR(x)=\frac{R(x)}{x}=35x+\frac{10}{x}$ $⇒AR(5)=35×5+\frac{10}{5}=177$ → (B) $AR(10)=35×10+\frac{10}{10}=351$ → (D) |