The total marginal revenue function is represented by TR = -4q² + 600q, find the value of marginal revenue when q= 50
To find the marginal revenue when q = 50, first differentiate the total revenue function with respect to q:
dTR/dq = -8q + 600
Now, substitute q = 50 into the derivative:
dTR/dq = -8(50) + 600
dTR/dq = -400 + 600
dTR/dq = 200
So, when q = 50, the value of marginal revenue is 200.