The Daily Consumption C (In Gallons)of Diesel Fuel on a Farm

question 5

Multiple Choice

The daily consumption C (in gallons) of diesel fuel on a farm is modeled by​ $C = 30.8 + 21.6 \sin \left( \frac { 2 \pi t } { 365 } + 10.9 \right)$ , ​
Where t is the time (in days) ,with t = 1 corresponding to January 1.
What is the period of the model?
​

• A)31 days
• B)22 days
• C)183 days
• D)365 days
• E)30 days

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Definitions:

Monopolist

A monopolist is a sole producer or supplier of a particular good or service in the market, having significant control over pricing and market conditions.

Marginal Revenue

Marginal Revenue is the additional income gained from selling one more unit of a good or service, crucial for understanding profit maximization.

Second Unit

An additional or backup unit or system that serves as a replacement or supplement to the original.

Price-Searcher Markets

Markets where sellers have some discretion over the price of their products due to a lack of perfect competition.