To calculate: The marginal revenue function for the provided revenue function (in hundreds of millions of dollars) for barley production in United States R(x)=0.0608x2+1.4284x+2.3418 where x is in hundreds of millions of bushels.

(b)

To determine

To calculate: The marginal revenue for the production of 500,000,000 bushels if the provided revenue function (in hundreds of millions of dollars) for barley production in United States is R(x)=0.0608x2+1.4284x+2.3418 where x is in hundreds of millions of bushels.

(c)

To determine

To calculate: The marginal revenue for the production of 700,000,000 bushels if the provided revenue function (in hundreds of millions of dollars) for barley production in United States is R(x)=0.0608x2+1.4284x+2.3418 where x is in hundreds of millions of bushels.

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Chapter 11.5, Problem 50E

Chapter 11.5, Problem 53E

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Chapter 11 Solutions

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The marginal revenue function for the provided revenue function (in hundreds of millions of dollars) for barley production in United States R ( x ) = 0.0608 x 2 + 1.4284 x + 2.3418 where x is in hundreds of millions of bushels.

Solution Summary: The author calculates the marginal revenue for the provided revenue function for barley production in United States, where x is in hundreds of millions of bushels.

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To calculate: The marginal revenue function for the provided revenue function (in hundreds of millions of dollars) for barley production in United States R(x)=0.0608x2+1.4284x+2.3418 where x is in hundreds of millions of bushels.

To calculate: The marginal revenue for the production of 500,000,000 bushels if the provided revenue function (in hundreds of millions of dollars) for barley production in United States is R(x)=0.0608x2+1.4284x+2.3418 where x is in hundreds of millions of bushels.

To calculate: The marginal revenue for the production of 700,000,000 bushels if the provided revenue function (in hundreds of millions of dollars) for barley production in United States is R(x)=0.0608x2+1.4284x+2.3418 where x is in hundreds of millions of bushels.

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Chapter 11 Solutions