Question:
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 marginal revenue, when \(x=7\) is
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 marginal revenue, when \(x=7\) is
Updated On: Dec 26, 2024
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Solution and Explanation
The correct answer is Rs 208.
Marginal revenue is the rate of change of total revenue with respect to the number of units sold.
\(∴Marginal Revenue (MR)=\frac{dR}{dx}=13(2x)+26=26x+26\)
When \(x = 7, MR = 26(7) + 26 = 182 + 26 = 208\)
Hence, the required marginal revenue is Rs 208.
Marginal revenue is the rate of change of total revenue with respect to the number of units sold.
\(∴Marginal Revenue (MR)=\frac{dR}{dx}=13(2x)+26=26x+26\)
When \(x = 7, MR = 26(7) + 26 = 182 + 26 = 208\)
Hence, the required marginal revenue is Rs 208.
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