The total revenue in Rupees received from the sale of x units of a product is given by R(x) = 13x2 + 26x + 15. Find the marginal revenue when x = 7.
Marginal revenue is the rate of change of total revenue with respect to the number of units sold.
∴ Marginal Revenue (MR) θ = 0 = 13(2x) + 26 = 26x + 26
When x = 7,
MR = 26(7) + 26 = 182 + 26 = 208
Hence, the required marginal revenue is Rs 208.