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Hey everyone I need help with this one. The spot price of crude oil during the period 2000-2005 can be approximated by P(t) = 5t + 25 dollars per barrel (0 ≤ t ≤ 5) in year t, where t = 0 represents 2000. Q(t) = 0.082t2 − 0.22t + 8.2 million barrels per day† (0 ≤ t ≤ 5) Use these models to estimate Saudi Arabia's daily oil revenue and also its rate of change in 2002. (Round your answers to the nearest $1 million.) daily oil revenue ____ million rate of change in 2002 _____ million/yr
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Just break it down... Price: P(t) = .. Production: Q(t) = .. The Revenue is Price * Production = .. The rate of change of Revenue is the derivative of Revenue.
how do i find the derivatve of the revemue
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