A company is selling a certain commodity 'x'. The demand function for the commodity is linear. The company can sell 2000 units when the price is ₹8 per unit and it can sell 3000 units when the price is ₹4 per unit. The Marginal revenue at x = 5 is: |
₹79.98 ₹15.96 ₹16.04 ₹80.02 |
₹15.96 |
The correct answer is Option (2) → ₹15.96 Let demand function be $p=ax+b$. Given points on demand curve: $(x,p)=(2000,8)$ and $(3000,4)$. Slope: $a=\frac{4-8}{3000-2000}=\frac{-4}{1000}=-\frac{1}{250}$ So $p=-\frac{x}{250}+b$. Substitute $(2000,8)$: $8=-\frac{2000}{250}+b$ $8=-8+b$ $b=16$ Thus $p=16-\frac{x}{250}$. Revenue $R=xp=x\left(16-\frac{x}{250}\right)=16x-\frac{x^{2}}{250}$. Marginal revenue: $MR=\frac{dR}{dx}=16-\frac{2x}{250}$ $=16-\frac{x}{125}$ At $x=5$: $MR=16-\frac{5}{125}=16-\frac{1}{25}=\frac{399}{25}$ final answer: $\frac{399}{25}$ |