- Russian Oil Revenues The price of crude oil during the period 2000–2010 can be approximated by P(t) = 6t + 18 dollars per barrels (0

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section5.4: Exponential And Logarithmic Equations
Problem 83E: The number N of beavers in a given area after x years can be approximated by N=5.5100.23x,0x10. Use...
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80. Russian Oil Revenues The price of crude oil during the
period 2000–2010 can be approximated by
th
re
P(t) = 6t + 18 dollars
per barrels (0 <t< 10)
wans sdi ylilgme ton of
in year t, where t = 0 represents 2000. Russia's crude oil
production over the same period can be approximated by-"
87.
%3D
i
21
2
O(t) = -0.08t2 + 1.2t + 5.5 million barrels per day
(0 <ts 10).
Use these models to estimate Russia's daily oil revenue and
also its rate of change in 2005. (Round your answers to the
nearest $1 million.)
Transcribed Image Text:80. Russian Oil Revenues The price of crude oil during the period 2000–2010 can be approximated by th re P(t) = 6t + 18 dollars per barrels (0 <t< 10) wans sdi ylilgme ton of in year t, where t = 0 represents 2000. Russia's crude oil production over the same period can be approximated by-" 87. %3D i 21 2 O(t) = -0.08t2 + 1.2t + 5.5 million barrels per day (0 <ts 10). Use these models to estimate Russia's daily oil revenue and also its rate of change in 2005. (Round your answers to the nearest $1 million.)
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