Question:

The total revenue in rupees received from the sale of x units of a product is given by $ R(x)=13{{x}^{2}}+26x+15 $ . Then, the marginal revolution rupees, when $ x=15 $ is

Updated On: Jun 8, 2024
  • 116
  • 126
  • 136
  • 416
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The Correct Option is D

Solution and Explanation

Given, $ R(x)=13{{x}^{2}}+26x+15 $
Now, the marginal revenue
$=\frac{d}{dx}(R(x)) $
$=\frac{d}{dx}(13{{x}^{2}}+26x+15) $
$=26x+26 $
Therefore, marginal revenue at $ (x=15) $
$=26\times 15+26 $
$=390+26=416 $
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Concepts Used:

Application of Derivatives

Various Applications of Derivatives-

Rate of Change of Quantities:

If some other quantity ‘y’ causes some change in a quantity of surely ‘x’, in view of the fact that an equation of the form y = f(x) gets consistently pleased, i.e, ‘y’ is a function of ‘x’ then the rate of change of ‘y’ related to ‘x’ is to be given by 

\(\frac{\triangle y}{\triangle x}=\frac{y_2-y_1}{x_2-x_1}\)

This is also known to be as the Average Rate of Change.

Increasing and Decreasing Function:

Consider y = f(x) be a differentiable function (whose derivative exists at all points in the domain) in an interval x = (a,b).

  • If for any two points x1 and x2 in the interval x such a manner that x1 < x2, there holds an inequality f(x1) ≤ f(x2); then the function f(x) is known as increasing in this interval.
  • Likewise, if for any two points x1 and x2 in the interval x such a manner that x1 < x2, there holds an inequality f(x1) ≥ f(x2); then the function f(x) is known as decreasing in this interval.
  • The functions are commonly known as strictly increasing or decreasing functions, given the inequalities are strict: f(x1) < f(x2) for strictly increasing and f(x1) > f(x2) for strictly decreasing.

Read More: Application of Derivatives