Suppose That When a New Oil Well Is Opened, Its

question 37

Multiple Choice

Suppose that when a new oil well is opened, its production is viewed as a continuous income stream with monthly rate of flow where t is time in months and f is in thousands of dollars per month. Find the total income over the next 40 years (480 months) . Round your answer to one decimal place. ​

• A)41,776.7 thousand dollars
• B)99,623.7 thousand dollars
• C)42,023.7 thousand dollars
• D)61,203.7 thousand dollars
• E)118,823.7 thousand dollars

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Definitions:

Units Produced

The total quantity of items manufactured during a specific period.

Units Produced

The total number of complete items that are manufactured or completed during a specific period of time.

Plan

A detailed proposal for doing or achieving something, often involving a series of steps or actions.

Stainless Steel

A corrosion-resistant alloy of iron, chromium, and, in some cases, nickel and other metals, widely used for its strength and durability.