Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The revenue equation in hundreds of millions of dollars) for barley production in a certain country is approximated by R(x) = 0.0671x2 +1.2933x + 2.0269

image text in transcribed

The revenue equation in hundreds of millions of dollars) for barley production in a certain country is approximated by R(x) = 0.0671x2 +1.2933x + 2.0269 where x is in hundreds of millions of bushels. Find the marginal-revenue equation and use it to find the marginal revenue for the production of the given number of bushels. (a) The marginal-revenue equation is R'(x) =. (Round to four decimal places as needed.) (b) Find the marginal revenue for the production of 500,000,000 bushels. The marginal revenue is hundred million dollars. (Type an integer or decimal rounded to two decimal places as needed.) (c) Find the marginal revenue for the production of 550,000,000 bushels. The marginal revenue is hundred million dollars. (Type an integer or decimal rounded to two decimal places as needed.)

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

Personal Finance

Authors: Megan Noel, Dan French

2nd Edition

1465246479, 9781465246479

More Books

Students also viewed these Finance questions