The revenue equation (in hunderds of millions of dollars) for barley production in a certain country is

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The revenue equation (in hunderds of millions of dollars) for barley production in a certain country is approximated by R(x)equals=0.0637x^2 + 1.3445x +2.2695 where x is in hundreds of millions of bushels. Find the marginal-revenue equation and use it to find the marginal revenue for the production of the given number of bushels.
(a) The marginal-revenue equation is R′(x)equals=.
(b) Find the marginal revenue for the production of 600,000,000 bushels. The marginal revenue is nothing hundred million dollars.
(c) Find the marginal revenue for the production of 950,000,000 bushels. The marginal revenue is nothing hundred million dollars.
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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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