Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

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:

Options:

₹79.98

₹15.96

₹16.04

₹80.02

Correct Answer:

₹15.96

Explanation:

The correct answer is Option (2) → ₹15.96