A farmer in a purely competitive market receives $35 a bushel for each bushel of wheat sold, (a)

Express his revenue R as a function of the number x of bushels sold and evaluate the function at

(b) x

= 10,000 and

(c) x = 25,000.

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(a) (b) (c) R(x) = 35x R(10,000) 35 (10,000) = 350,000- = = R(25,000) 35 (25,000) = 875,000