Use Simpson's Rule to Approximate the Revenue for the Marginal

question 38

Multiple Choice

Use Simpson's Rule to approximate the revenue for the marginal revenue function with Assume that the number of units sold,x,increases from 13 to 18.Round your answer to two decimal places. ​

• A) 1346.14
• B) 1230.4
• C) 678.36
• D) 1602.42
• E) 1439.03

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Definitions:

Land Rent

The payment made for the use of land or real estate, typically based on the value and location of the land.

Substitution

The act of replacing one item or choice with another due to differences in price, availability, or quality, influencing consumer behavior and market dynamics.

Productive Resources

The resources utilized in the creation of products and services, such as land, workforce, funds, and entrepreneurial skills.