Advertisements
Advertisements
Question
The total revenue received from the sale of x unit of a product is given by R(x) = 3x2 + 36x + 5. Find the marginal revenue when x = 5.
Solution
Given, R(x) = 36x + 3x2 + 5
`\implies` MR = `d/dx(36x + 3x^2 + 5)`
= 36 + 6x
∴ MR(x = 5) = 66
APPEARS IN
RELATED QUESTIONS
The demand for a certain product is represented by the equation p = 500 + 25x - `(x^2)/(3)` in rupees, where x is the number of units and p is the price per unit. Find:
(i) Marginal revenue function.
(ii) The marginal revenue when 10 units are sold.
A bill of ₹ 60000 payable 10 months after the date was discounted for ₹ 57300 on 30th June 2007. If the rate of interest was 11`(1)/(4)` % per annum, on what date was the bill drawn?
If the demand function is given by p = 1500 – 2x – x2 then find the marginal revenue when x = 10.
The average revenue function is given by AR = `25 - x/4`. Find total revenue function and marginal revenue function.
A monopolist's demand function is `x = 60 - p/5`. At what level of output will marginal revenue be zero?
The demand function of a monopoly is given by x = 100 − 4p. Find the quantity at which the MR will be zero.
