The Revenue from a Manufacturing Process (In Millions of Dollars

question 27

Multiple Choice

The revenue from a manufacturing process (in millions of dollars per year) is projected to follow the model for 10 years.Over the same period of time,the cost (in millions of dollars per year) is projected to follow the model ,where t is the time (in years) .Approximate the profit over the 10-year period,beginning with t = 0.Round your answer to two decimal places. ​

• A) $3,236.83 million
• B) $3,293.50 million
• C) $3,203.50 million
• D) $3,235.67 million
• E) $3,295.67 million

---

Definitions:

Effective Immediately

A term indicating that something is to be applied or become operative from the moment it is declared.

Price Ceiling

A legal maximum price that can be charged for a good or service, intended to protect consumers from price gouging.

Equilibrium Price

The price at which the quantity of a good supplied equals the quantity demanded, resulting in market equilibrium.

Market-Determined Price

A price outcome established through the interaction of supply and demand, without external controls.