The demand function for an item is p(x) = 100 - x, where p is price in rupees and x is quantity. The maximum total revenue is:
The demand function for an item is p(x) = 100 - x, where p is price in rupees and x is quantity. The maximum total revenue is:
- A. ₹1000
- B. ₹2500
- C. ₹5000
- D. ₹2000
Answer: B) ₹2500
Explanation: Revenue R = p(x) × x = 100x - x². R'(x) = 100 - 2x = 0 → x = 50. Max R = 50(50) = ₹2500.
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