The revenue equation (in hunderds of millions
Question
The revenue equation (in hunderds of millions
of dollars) for barley production in a certain country is approximated by R(x)=0.0672x^2 + 1.1293x + 2.4393 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 100,000,000 bushels.
The marginal revenue is ___ hundred million dollars.
(Integer or Decimal rounded to two decimal places as needed.)
(c) Find the marginal revenue for the production of 950,000,000 bushels.
The marginal revenue is ___ hundred million dollars.
(Integer or decimal rounded to two decimal places as needed
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