Question Details

[solution] » The revenue equation (in hunderds of millions of dollars) for

Brief item decscription

Step-by-step solution file

Item details:

The revenue equation (in hunderds of millions of dollars) for
More:

The revenue equation (in hunderds of millions of dollars) for barley production in a certain country is approximated by Upper R left parenthesis x right parenthesisR(x)equals=0.0613 x squared plus 1.1321 x plus 2.49380.0613x2+1.1321x+2.4938where 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 Upper R prime left parenthesis x right parenthesisR?(x)equals=nothing. (Round to four decimal places as needed.)

(b) Find the marginal revenue for the production of 300 comma 000 comma 000300,000,000bushels.The marginal revenue is nothinghundred million dollars.(Type an integer or decimal rounded to two decimal places as needed.)

(c) Find the marginal revenue for the production of 450 comma 000 comma 000450,000,000bushels.The marginal revenue is nothinghundred million dollars.(Type an integer or decimal rounded to two decimal places as needed.)

STATUS
QUALITY
Approved

This question was answered on: Feb 21, 2020

Solution~00066301257.zip (18.37 KB)