The demand for a certain product is represented by the function (in rupees), where x is the number of units demanded and p is the price per unit, then the marginal revenue when 15 units are sold, is
The demand for a certain product is represented by the function (in rupees), where x is the number of units demanded and p is the price per unit, then the marginal revenue when 15 units are sold, is
Solution
✅ Correct Option: 2
Marginal Revenue is the derivative of the Revenue function with respect to the number of units.
Given:
Revenue is given by:
The Marginal Revenue is:
Taking the derivative:
For units:
Therefore, the marginal revenue when 15 units are sold is ₹375.
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