9) The total accumulated costs C(t) and revenues R(7) (in thousands of doll satisfy C'(t) = 3 and R'(t) = 20e-0.1t where t is the number of years that the mine has been in operation. Find the useful life of the mine, to the nearest year. What is the total profit accumulated during the useful life of the mine?

9) The total accumulated costs C(t) and revenues R(7) (in thousands of doll satisfy C'(t) = 3 and R'(t) = 20e-0.1t where t is the number of years that the mine has been in operation. Find the useful life of the mine, to the nearest year. What is the total profit accumulated during the useful life of the mine?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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