I need help ~again~ o.O
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<h3>Answer: 24.5 </h3>
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Explanation:
It might help to draw it out. See the diagram below.
The base is JK which is 7 units long. I'm picking this as the base because this segment is completely horizontal.
Notice how the base JK spans from x = -3 to x = 4, which we can use subtraction and absolute value to get |J-K| = |-3-4| = 7.
The height is always perpendicular to the base. If the base is JK = 7, then the height is the vertical distance from K (or J) to L. This vertical distance is also 7 units. Subtract the y coordinates and apply absolute value. The base and height aren't always the same number.
Now we can find the area of the triangle
area = base*height/2
area = 7*7/2
area = 49/2
area = 24.5 square units
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,