3.) The revenue equation (in billions of dollars) for corn production in the United States is approximated by R(x)=0.016x² +1.034x+11.338 Where x is in billions of bushels. For example if you have 10 billion bushels, then x = 10. (Data from www.usda.gov) a.) Find the marginal revenue function b.) Find and interpret the marginal revenue for 15 billion bushels c.) Find and interpret the marginal revenue for 20 billion bushels

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter8: Graphing Quadratic Functions
Section8.5: Using Intercept Form
Problem 104E
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3.) The revenue equation (in billions of dollars) for corn production in the United States is
approximated by
R(x)=0.016x² +1.034x+11.338
Where x is in billions of bushels. For example if you have 10 billion bushels, then x = 10. (Data
from www.usda.gov)
a.) Find the marginal revenue function
b.) Find and interpret the marginal revenue for 15 billion bushels
c.) Find and interpret the marginal revenue for 20 billion bushels
Transcribed Image Text:3.) The revenue equation (in billions of dollars) for corn production in the United States is approximated by R(x)=0.016x² +1.034x+11.338 Where x is in billions of bushels. For example if you have 10 billion bushels, then x = 10. (Data from www.usda.gov) a.) Find the marginal revenue function b.) Find and interpret the marginal revenue for 15 billion bushels c.) Find and interpret the marginal revenue for 20 billion bushels
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