If a revenue function is given by , then the marginal revenue function (MR) is:
If a revenue function is given by , then the marginal revenue function (MR) is:
Solution
✅ Correct Option: 3
Marginal Revenue (MR) is the derivative of the Revenue function.
Given:
Find:
Using the power rule, where the derivative of is :
For the term :
Power of is
Derivative
For the term :
Power of is
Derivative
For the term :
Power of is
Derivative
Combining all terms:
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