We are asked to evaluate the limit of the given expression as \( x \to \infty \). Let's simplify the expression step by step:
We start with the given expression:
\[
\lim_{x \to \infty} \left(x \sqrt{x^2 + b^2} - \sqrt{x^4 + b^4}\right).
\]
Step 1: Simplifying the terms
The term \( x \sqrt{x^2 + b^2} \) can be approximated for large \( x \) by factoring out \( x^2 \) from the square root:
\[
x \sqrt{x^2 + b^2} = x \sqrt{x^2(1 + \frac{b^2}{x^2})} = x^2 \sqrt{1 + \frac{b^2}{x^2}}.
\]
For large \( x \), we can expand \( \sqrt{1 + \frac{b^2}{x^2}} \) as:
\[
\sqrt{1 + \frac{b^2}{x^2}} \approx 1 + \frac{b^2}{2x^2}.
\]
So,
\[
x \sqrt{x^2 + b^2} \approx x^2 + \frac{b^2}{2x}.
\]
Step 2: Simplifying \( \sqrt{x^4 + b^4} \)
Now, consider the second term \( \sqrt{x^4 + b^4} \). For large \( x \), we can approximate it as:
\[
\sqrt{x^4 + b^4} = x^2 \sqrt{1 + \frac{b^4}{x^4}} \approx x^2 + \frac{b^4}{2x^2}.
\]
Step 3: Subtract the two terms
Now subtract the two expressions:
\[
x \sqrt{x^2 + b^2} - \sqrt{x^4 + b^4} \approx \left(x^2 + \frac{b^2}{2x}\right) - \left(x^2 + \frac{b^4}{2x^2}\right).
\]
This simplifies to:
\[
\frac{b^2}{2x} - \frac{b^4}{2x^2}.
\]
As \( x \to \infty \), the second term \( \frac{b^4}{2x^2} \) tends to zero. Thus, the dominant term is:
\[
\frac{b^2}{2x}.
\]
Therefore, the limit is \( \frac{b^2}{2} \).
Thus, the correct answer is (B).