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Consumer & Producer Surplus · Question 16 of 70

Question 16

EasyOriginal question

The marginal revenue from selling xx units is MR=30−2xMR = 30 - 2x rupees. What is the total revenue function, given no revenue from no sales?

Options for question 16

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. R(x)=∫(30−2x) dx=30x−x2+kR(x) = \int (30 - 2x)\,dx = 30x - x^{2} + k.

  2. No sales bring no revenue, so k=0k = 0: R(x)=30x−x2R(x) = 30x - x^{2}.

Worth noting

30x−2x230x - 2x^{2} forgets to halve the 2x2x when integrating it.

Concept
Total revenue from marginal revenue
Typical time
60 s
Your time
—
The rule this testsRevenue and demand from marginal revenue
Practise this chapter →

Ten questions from Consumer & Producer Surplus, at your own pace.

Practise this chapter →

Ten questions from Consumer & Producer Surplus, at your own pace.