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The price of crude oil during the period 2000-2010 can be approximated by P(t) = 61' + 18 dollars per barrel (0 s t 5
The price of crude oil during the period 2000-2010 can be approximated by P(t) = 61' + 18 dollars per barrel (0 s t 5 10) in year t, where t = 0 represents 2000. Saudi Arabia's crude oil production over the same period can be approximated by Q(t) = 0.036t2 + 0.62t + 8 million barrels per day (0 5 t s 10).'i' Use these models to estima daily oil revenue $ rate of change in 2002 $ e Saudi Arabia's daily oil revenue and also its rate of change in 2002. (Round your answers to the nearest $1 million.) million million/yr
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