The total revenue received from the sale of x units of a product is given by R(x) = 13+ 26 x + 15. Find the marginal revenue when x = 7?
Matching exercise
Match the items on the right to the items on the left.
Step - 1
Step - 2
Step - 3
Step - 4
Step - 5
Step - 6
Step - 7
M(x) = 26 (x + 1)
For x = 7,
M(x) = 26(7 + 1)
M(x) = 26 × 8 = Rs. 207