Suppose the owner of the oil well in Exercise 57 decides to step up production so that 600 barrels per month are extracted but everything else remains the same.

a. How many months pass before the well runs dry?

b. How much total revenue will be obtained from the well?

Data from Exercises 57

A certain oil well that yields 400 barrels of crude oil per month will run dry in 2 years. The price of crude oil is currently $98 per barrel and is expected to rise at the constant rate of 40 cents per barrel per month. If the oil is sold as soon as it is extracted from the ground, how much total revenue will be obtained from the well?