The revenue equation (in hunderds of imiliors af dolars) or barley producton in

Question

The revenue equation (in hunderds of imiliors af dolars) or barley producton in a certain country is approximated by R)-0062114787x+2 427 where x ts in hund eds of mitions of bushets Find the marginal revenue equaton and use t ond te margral evenu oxr he proaurbon of Te given number of burshols (a) The margnal-revenue equations R0, Round to four decimal places as needed) (b) Find the marginaf revenue for the production of 100 000,000 bushels The marginal revernue is hundred mllon dollars Type an integer or decimal rounded to two decinal places as needed.) (c) Find the marginal revenue for the producton of 450,000 000 bushees The marginal revenue is hundred milion dolars Type an integer or decimal rounded to two deimal places as noeded)

Explanation / Answer

a) marginal revenue equation R'(x) =0.1242X+1.4787

b)

marginal revenue =0.1242*1+1.4787=1.60

c)

marginal revenue =0.1242*4.5+1.4787=2.04

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