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The demand function of a monopolist is given by p=1500−2x−x2p = 1500 - 2x - x^2, then value of marginal revenue when x=20x = 20 is :

Solution

✅ Correct Option: 1

Revenue R=px=1500x−2x2−x3R = px = 1500x - 2x^2 - x^3. Marginal revenue =R′(x)=1500−4x−3x2= R'(x) = 1500 - 4x - 3x^2. At x=20x = 20: MR=1500−80−1200=220MR = 1500 - 80 - 1200 = 220.

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