The per-unit profit of a product is given by , where is the number of units sold. What is the expression for marginal revenue?
- A
- B
- C
- DNone of the above
Solution & Step-by-step Explanation
Revenue is calculated as the product of the price (or per-unit profit in this context) and the number of units sold:
Marginal Revenue () is the derivative of the Revenue function with respect to :
Marginal Revenue () is the derivative of the Revenue function with respect to :