Function 1: y = 4x + 5 Function 2: The line passing through the points (1, 6) and (3, 10). Which of these functions has the grea
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Given:
Marginal revenue (in dollars per unit) for a month is
To find:
The total revenue from the production and sale of 30 units.
Solution:
We know that, total revenue is integration of marginal revenue with respect to quantity.
Now, substitute x=30 in the equation of Total Revenue (TR).
Therefore, the total revenue from the production and sale of 30 units is $11,775.
