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The total revenue in Rupees received from the sale of x units of a product is given by R(x) =13x^2+26x+15

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asked Jan 20, 2018 in Mathematics by sforrest072 (157,439 points) ● 61 ● 410 ● 948

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.

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answered Jan 20, 2018 by mdsamim (213,225 points) ● 5 ● 10 ● 15
edited Mar 7, 2018 by faiz
 
Best answer

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.

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