A rectangular prism has a volume of 750 cubic millimeters. Its length is 15 millimeters, and its width is 10 millimeters. What i
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Marginal Revenue is defined as the revenue generated with respect to increase in sale of another extra unit of product.
So we will calculate Marginal Revenue equation by finding the change in Revenue with respect to change in Quantity.
Given the Total Revenue Function as:-
Differentiating Total Revenue function (Tr) with respect to quantity (q):-
So Marginal Revenue equation will be,