Solve the Problem $\left| E _ { S } \right|$ In Estimating

question 30

Multiple Choice

Solve the problem.
-Find an upper bound for $\left| E _ { S } \right|$ in estimating $\int _ { 1 } ^ { 2 } \left( 4 x ^ { 5 } - 2 x \right) d x$ with $n = 6$ steps.

• A) \(\frac { 16 } { 243 }\)
• B) \(\frac { 1 } { 243 }\)
• C) \(\frac { 2 } { 243 }\)
• D) \(\frac { 1 } { 486 }\)

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Definitions:

Marginal Revenue

The supplementary income generated from the sale of an extra unit of a good or service.

High Skilled Labor

High Skilled Labor refers to jobs that require advanced knowledge or abilities, often gained through extensive education or specific training, and typically command higher wages.

Marginal Revenue

The extra revenue earned by selling an additional unit of a product or service.

Marginal Product

Marginal product is the increase in output that arises from an additional unit of input, assuming all other factors are held constant, illustrating the production efficiency gains.