The total revenue in Rupees received from the sale of $x$ units of a product is given by \[R(x) = 3{x^2} + 36x + 5\]. The marginal revenue, when $x = 15$ is,
(a) $116$
(b) $96$
(c) $90$
(d) $126$
Answer
689.1k+ views
Hint: Differentiate the given equation carefully without missing any term in between. ALSO Marginal revenue is the derivative of total revenue with respect to demand.
We have the given equation as,\[R(x) = 3{x^2} + 36x + 5\]
… (1)
Now, we know that,
⇒Marginal revenue $ = \dfrac{{dR(x)}}{{dx}}$
Therefore, differentiating equation (1) with respect to $x$ , we get,
\[\dfrac{{dR(x)}}{{dx}} = 3\dfrac{{d{x^2}}}{{dx}} + 36\dfrac{{dx}}{{dx}} + 5\dfrac{{d1}}{{dx}}\]
\[ \Rightarrow \dfrac{{dR(x)}}{{dx}} = 3(2x) + 36x + 0\]
\[ \Rightarrow \dfrac{{dR(x)}}{{dx}} = 6x + 36\]
It is given in the question that we have to calculate the marginal revenue at \[x = 15\]
Therefore, Marginal revenue \[ = 6(15) + 36\]
\[\therefore \dfrac{{dR(x)}}{{dx}} = 126\]
Hence, the marginal revenue at \[x = 15\] is \[126\].
So, the required solution is (d) $126$.
Note: To solve these types of problems, simply differentiate the given equation and substitute the value of the given variable to obtain an optimum solution.
We have the given equation as,\[R(x) = 3{x^2} + 36x + 5\]
… (1)
Now, we know that,
⇒Marginal revenue $ = \dfrac{{dR(x)}}{{dx}}$
Therefore, differentiating equation (1) with respect to $x$ , we get,
\[\dfrac{{dR(x)}}{{dx}} = 3\dfrac{{d{x^2}}}{{dx}} + 36\dfrac{{dx}}{{dx}} + 5\dfrac{{d1}}{{dx}}\]
\[ \Rightarrow \dfrac{{dR(x)}}{{dx}} = 3(2x) + 36x + 0\]
\[ \Rightarrow \dfrac{{dR(x)}}{{dx}} = 6x + 36\]
It is given in the question that we have to calculate the marginal revenue at \[x = 15\]
Therefore, Marginal revenue \[ = 6(15) + 36\]
\[\therefore \dfrac{{dR(x)}}{{dx}} = 126\]
Hence, the marginal revenue at \[x = 15\] is \[126\].
So, the required solution is (d) $126$.
Note: To solve these types of problems, simply differentiate the given equation and substitute the value of the given variable to obtain an optimum solution.
Recently Updated Pages
Which of the following graphs shows the variation of class 12 physics CBSE

Draw a labelled diagram of the human male reproductive class 12 biology CBSE

Describe the experiment to compare the emf of two cells class 12 physics CBSE

What is standard hydrogen electrode

What is conventional current and electric current class 12 physics CBSE

2Bromopentane is treated with an alcoholic KOH solution class 12 chemistry CBSE

Trending doubts
Draw a labelled sketch of the human eye class 12 physics CBSE

Which are the Top 10 Largest Countries of the World?

A member of Simon commission later became Prime Minister class 12 social science CBSE

Draw ray diagrams each showing i myopic eye and ii class 12 physics CBSE

Give one example of a reptile that is viviparous class 12 biology CBSE

Which is the correct genotypic ratio of mendel dihybrid class 12 biology CBSE

