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

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 43E
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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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