Provide an Appropriate Response $0.000026045689 \mathrm { x } ^ { 3 } - 0.1522580959 \mathrm { x } ^ { 2 } + 296.5669762 \mathrm { x } - 192,464.713$

question 344

Multiple Choice

Provide an appropriate response.
-The number of farms in a certain country since 1940 , in millions, can be approximated by evaluating the polynomial $0.000026045689 \mathrm { x } ^ { 3 } - 0.1522580959 \mathrm { x } ^ { 2 } + 296.5669762 \mathrm { x } - 192,464.713$ , where $\mathrm { x }$ is the year in question. Evaluate the polynomial for $x = 1970$ to determine the number of farms in 1970 . Round the answer to the nearest million farms.

• A) 5 million farms
• B) 3 million farms
• C) 6 million farms
• D) 2 million farms

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Definitions:

Competitive Firms

Businesses operating in a market where they compete with others for customers, each with minimal influence over market prices.

Monopolies

Market situations in which a single supplier dominates the supply of a good or service, with no close substitutes.

Demand Curve

An illustrated chart depicting the correlation between a product's price and the amount of it consumers want to buy at that price level.

Marginal Cost

The spending necessary to produce an extra unit of a product or service.