An economist studying the demand for a particular commodity gathers the data in the accompanying table, which

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An economist studying the demand for a particular commodity gathers the data in the accompanying table, which lists the number of units q (in thousands) of the commodity that will be demanded (sold) at a price of p dollars per unit.


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Use this information together with Simpson’s rule to estimate the total revenue


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obtained as the level of production is increased from 0 to 24,000 units (q = 0 to q = 24).

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Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

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