Question

The revenue equation​ (in hundreds of millions of​ dollars) for barley production in a certain country...

The revenue equation​ (in hundreds of millions of​ dollars) for barley production in a certain country is approximated by R(x)=0.0726x^2+1.4468x+2.1078 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 400,000,000 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 450,000,000 bushels. The marginal revenue is ___ hundred million dollars. (Type an integer or decimal rounded to two decimal places as needed.)

Homework Answers

Answer #1

ANSWER:

Given that,

The revenue equation is,

a)

The marginal revenue equation is,

b)

So the marginal revenue for the production of 400,000,000 or 4 hundred of millions bushels is,

c)

And lastly, marginal revenue for the production of 450000000 or 4.5 hundred of millions bushels is,

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The revenue equation​ (in hundreds of millions of​ dollars) for barley production in a certain country...
The revenue equation​ (in hundreds of millions of​ dollars) for barley production in a certain country is approximated by R(x)=0.0659x^2+1.3754x+2.2231 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...
The revenue equation? (in hunderds of millions of? dollars) for barley production in a certain country...
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=0.0633 x squared plus 1.3178 x plus 2.1968 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. Marginal revenue equation is R x= The marginal revenue for the production of 200,000,000 bushels is ?...
Listed below are the top 10 annual salaries​ (in millions of​ dollars) of TV personalities. Find...
Listed below are the top 10 annual salaries​ (in millions of​ dollars) of TV personalities. Find the​ range, variance, and standard deviation for the sample data. Given that these are the top 10​ salaries, do we know anything about the variation of salaries of TV personalities in​ general? 41     40     39     31     23     19     16   13    12.6   11.1 The range of the sample data is ​million. ​(Type an integer or a​ decimal.) The variance of the sample data is. ​(Round...
According to a​ newspaper, 50% of bicycles stolen in a certain country are recovered. Find the...
According to a​ newspaper, 50% of bicycles stolen in a certain country are recovered. Find the probability​ that, in a sample of 9 randomly selected cases of bicycles stolen in the​ country, exactly 6 out of 9 bikes are recovered. The probability that exactly 6 out of 9 stolen bicycles are recovered is _____. ​(Type an integer or decimal rounded to three decimal places as​ needed.)
Listed below are the top 10 annual salaries​ (in millions of​ dollars) of TV personalities. Find...
Listed below are the top 10 annual salaries​ (in millions of​ dollars) of TV personalities. Find the​ range, variance, and standard deviation for the sample data. Given that these are the top 10​ salaries, do we know anything about the variation of salaries of TV personalities in​ general? 42       40       38       30       21       18       16       13       12.8       11.4 The range of the sample data is ​$nothing million. ​(Type an integer or a​ decimal.) The variance of the sample data is...
Listed below are the top 10 annual salaries​ (in millions of​ dollars) of TV personalities. Find...
Listed below are the top 10 annual salaries​ (in millions of​ dollars) of TV personalities. Find the​ range, variance, and standard deviation for the sample data. Given that these are the top 10​ salaries, do we know anything about the variation of salaries of TV personalities in​ general? 4040      3939      3838      3030      1919      1616      1515      1414      13.913.9      12.712.7    The range of the sample data is ​$27.327.3 million. ​(Type an integer or a​ decimal.)The variance of the sample data is...
Listed below are amounts​ (in millions of​ dollars) collected from parking meters by a security company...
Listed below are amounts​ (in millions of​ dollars) collected from parking meters by a security company in a certain city. A larger data set was used to convict 5 members of the company of grand larceny. Find the mean and median for each of the two samples and then compare the two sets of results. Do the limited data listed here show evidence of stealing by the security​ company's employees? Security Company   Other Companies 1.6   1.9 1.1   1.6 1.6   1.7...
Use the data to the right on the minutes a certain actor spent shirtless in movies...
Use the data to the right on the minutes a certain actor spent shirtless in movies to complete parts​ (a) through​(c) below. MOVIE MINUTES SHIRTLESS x OPENING WEEKEND GROSS (MILLIONS OF DOLLARS) y A 0 6.1 B 0.6 8.1 C 1.7 16.7 D 2.1 18.4 E 13.3 21.2 a. Determine the correlation​ coefficient, rounded to two decimal​ places, between the minutes the actor appeared shirtless in a film and the​ film's opening weekend gross. r= ​(Do not round until the...
Listed below are the top 10 annual salaries​ (in millions of​ dollars) of TV personalities. Find...
Listed below are the top 10 annual salaries​ (in millions of​ dollars) of TV personalities. Find the​ range, variance, and standard deviation for the sample data. Given that these are the top 10​ salaries, do we know anything about the variation of salaries of TV personalities in​ general? 41     39     38     31     20     18     16     15     14.6     14.0 The range of the sample data is ​$ nothing million. ​ (Type an integer or a​ decimal.) The variance of the sample...
Listed below are the top 10 annual salaries​ (in millions of​ dollars) of TV personalities. Find the​ range, variance,...
Listed below are the top 10 annual salaries​ (in millions of​ dollars) of TV personalities. Find the​ range, variance, and standard deviation for the sample data. Given that these are the top 10​ salaries, do we know anything about the variation of salaries of TV personalities in​ general? 41      40      39      33      24      23      22      18      17.6      16.1    The range of the sample data is ​$   million. ​(Type an integer or a​ decimal.) The variance of the sample data is   ​(Round to two...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT