A 1313‑billion‑bushel corn crop brings a price of $2.2/bushel. A commodity broker uses the following rule of thumb: If the crop is reduced by x percent, then the price increases by 10x cents. Which crop size results in maximum revenue and what is the price per bushel? Revenue is equal to price times crop size.

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 32A: A manufacturer estimates that 15,500 pieces per day could be produced with the installation of new...
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A 1313‑billion‑bushel corn crop brings a price of $2.2/bushel. A commodity broker uses the following rule of thumb: If the crop is reduced by x percent, then the price increases by 10x cents. Which crop size results in maximum revenue and what is the price per bushel? Revenue is equal to price times crop size.

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