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Rate of Change, Marginal Cost & Revenue · Question 71 of 79

Question 71

MediumOriginal question

Each unit sells at p=60−2xp = 60 - 2x rupees when xx units are sold. At what price is the total revenue greatest?

Options for question 71

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. R(x)=60x−2x2R(x) = 60x - 2x^{2}, and R′(x)=60−4x=0R'(x) = 60 - 4x = 0 at x=15x = 15.

  2. The price there is 60−30=3060 - 30 = 30 rupees.

Worth noting

15 is the number of units, not the price; ₹450 is the greatest revenue.

Concept
The price that maximises revenue
Typical time
90 s
Your time
—
The rule this testsMaximising profit and revenue
Practise this chapter →

Ten questions from Rate of Change, Marginal Cost & Revenue, at your own pace.

Practise this chapter →

Ten questions from Rate of Change, Marginal Cost & Revenue, at your own pace.