The revenue equation (in hundreds of millions of dollars) for barley production

Q: The revenue equation (in hundreds of millions of dollars) for barley production

a) marginal -revenue quation is R'(x) =0.1404x+1.4316 b) marginal revenue is =0.1404*4+1.4316=1.9932 hundred million dollars c) marginal revenue is =0.1404*7.5+1.4316=2.4846 hundred million dollars

ID: 3353850 • Letter: T

Question

The revenue equation (in hundreds of millions of dollars) for barley production in a certaimn country is approximated by R(x)=0.0702x^2+1.4316x+2.4716 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 quation is R'(x) = b. find the marginal revenue fore the production of 400,000,000 bushels. the marginal revenue is ____ hundred million dollars. c. find the marginal revenue for the production of 750,000,000 bushels. the marginal revenue is ______ hundred million dollars.

Explanation / Answer

marginal -revenue quation is R'(x) =0.1404x+1.4316

b) marginal revenue is =0.1404*4+1.4316=1.9932 hundred million dollars

c) marginal revenue is =0.1404*7.5+1.4316=2.4846 hundred million dollars

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The revenue equation (in hundreds of millions of dollars) for barley production

The revenue equation(in hundreds of millions of dollars) for barley production i

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The revenue equation (in hundreds of millions of dollars) for barley production

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