The total revenue received from the sale of x units of a product is given by R(x) = 13 x 2 + 26 x + 15. Find the marginal revenue when x = 7?

Question

Philoid · Accepted Answer

Given: Total Revenue, R(x) = 13 x² + 26 x + 15

Where x = number of units.

Marginal Revenue is given by,

M(x) =

Therefore,

M(x) = 26 (x + 1)

For x = 7,

M(x) = 26(7 + 1)

M(x) = 26 × 8 = Rs. 207