The total revenue received from the sale of x units of a product is given by $R(X)=36x+3x^2+5 $then sum of marginal and average revenue when $x= 5$ is |
52 66 118 121 |
118 |
The correct answer is option (3) → 118 The total Revenue, $R(x)$ is $R(x)=36x+3x^2+5$ Marginal Revenue, $MR=\frac{d}{dx}R(x)$ $=\frac{d}{dx}(36x+3x^2+5)$ $=36+6x$ Average Revenue, $AR=\frac{R(x)}{x}$ $=36+3x+\frac{5}{x}$ $AR(5)=36+3(5)+\frac{5}{3}=52$ $MR(5)=36+6××5=66$ $AR+MR=52+66=118$ |