Use Simpson's Rule to Approximate the Revenue for the Marginal $\frac { d R } { d x } = 5 \sqrt { 8000 - x ^ { 3 } }$

question 23

Multiple Choice

Use Simpson's Rule to approximate the revenue for the marginal revenue function $\frac { d R } { d x } = 5 \sqrt { 8000 - x ^ { 3 } }$ with n = 4. Assume that the number of units sold, x, increases from 14 to 18. Round your answer to one decimal place.

• A)$1439.03
• B)$1346.14
• C)$1602.40
• D)$1230.54
• E)$678.36

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Definitions:

Annual Percentage Rate

The yearly interest rate charged on borrowed money, including fees and other costs associated with the loan.

Effective Annual Rate

Effective annual rate (EAR) is the actual return on an investment or real cost of a loan, considering compounding interest, expressed as an annual rate.

EAR

Effective Annual Rate, a measure of interest that accounts for compounding over a year, providing a more accurate depiction of financial product returns.

APR

Annual Percentage Rate; a comprehensive measure of the cost of borrowing on an annual basis, including interest and other fees.