Match List-I with List-II
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List-I |
List-II |
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(A) Marginal average cost if cost function $C(x) =\frac{50}{\sqrt{x}}$ |
(I) $50\sqrt{x}$ |
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(B) Marginal average cost if cost function $C(x) = 50\sqrt{x}$ |
(II) $-\frac{75}{x^2\sqrt{x}}$ |
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(C) Revenue function if demand function $P=\frac{50}{\sqrt{x}}$ |
(III) $-\frac{25}{x\sqrt{x}}$ |
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(D) Marginal revenue if demand function $P=50\sqrt{x}$ |
(IV) $75\sqrt{x}$ |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (A)-(II), (B)-(III), (C)-(I), (D)-(IV)
|
List-I |
List-II |
|
(A) Marginal average cost if cost function $C(x) =\frac{50}{\sqrt{x}}$ |
(II) $-\frac{75}{x^2\sqrt{x}}$ |
|
(B) Marginal average cost if cost function $C(x) = 50\sqrt{x}$ |
(III) $-\frac{25}{x\sqrt{x}}$ |
|
(C) Revenue function if demand function $P=\frac{50}{\sqrt{x}}$ |
(I) $50\sqrt{x}$ |
|
(D) Marginal revenue if demand function $P=50\sqrt{x}$ |
(IV) $75\sqrt{x}$ |
(A) Marginal average cost if $C(x)=\frac{50}{\sqrt{x}}$
Average cost = $\frac{C(x)}{x}=\frac{50}{x\sqrt{x}}=\frac{50}{x^{3/2}}$
Marginal average cost = derivative:
$\frac{d}{dx}\left(\frac{50}{x^{3/2}}\right)= -\frac{75}{x^{5/2}}$
Matches (II) $\; -\frac{75}{x^2\sqrt{x}}$
(B) Marginal average cost if $C(x)=50\sqrt{x}$
Average cost = $\frac{50\sqrt{x}}{x}=\frac{50}{\sqrt{x}}$
Marginal average cost = derivative:
$\frac{d}{dx}\left(\frac{50}{\sqrt{x}}\right)= -\frac{25}{x^{3/2}}$
Matches (III) $\; -\frac{25}{x\sqrt{x}}$
(C) Revenue when $P=\frac{50}{\sqrt{x}}$
$R(x)=xP=x\cdot\frac{50}{\sqrt{x}}=50\sqrt{x}$
Matches (I) $50\sqrt{x}$
(D) Marginal revenue when $P=50\sqrt{x}$
$R(x)=x\cdot 50\sqrt{x}=50x^{3/2}$
$R'(x)=75\sqrt{x}$
Matches (IV) $75\sqrt{x}$
The correct matching is: A–II, B–III, C–I, D–IV.