The total revenue in Rupees received from the sale of x units of a product is given by R(x) =13x^2+26x+15
The total revenue in Rupees received from the sale of x units of a product is given by
R(x) =13x2+26x+15
Find the marginal revenue when x = 7.
4 views
1 Answers
Marginal revenue is the rate of change of total revenue with respect to the number of units sold.
Marginal Revenue (MR) = dR/dx= 13(2x) + 26 = 26x + 26
When x = 7,
MR = 26(7) + 26 = 182 + 26 = 208
Hence, the required marginal revenue is Rs 208.
4 views
Answered