Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dally oil production from Mexico national oil company, can be approximated by: [ q(t)=0.015 t^{2}-0.1 t+5.11 quad text { million barrels }(8 leqt leq

image text in transcribed

Dally oil production from Mexico national oil company, can be approximated by: \[ q(t)=0.015 t^{2}-0.1 t+5.11 \quad \text { million barrels }(8 \leqt \leq 13) \] where t is time in years since the start of 2000. At the start of 2010 the price of oil was $86 per barrel and decreasing at a rate of $19 per year. How fast was the company's (daily) oil revenue changing at that time? The daily revenue was at a rate of dollars per year. (Remember that q(t) is measured in millions of barrels, so you will need to account for this in your revenue calculations.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Engineering Mathematics

Authors: Erwin Kreyszig

6th Edition

978-0471858249, 0471858242

More Books

Students also viewed these Mathematics questions

Question

7-4. What is the IFC and what are its goals?

Answered: 1 week ago

Question

Explain the factors that influence peoples values.

Answered: 1 week ago

Question

Define a traverse in Surveying?

Answered: 1 week ago