Answer:
Cam expect to earn if he sells all the corn produced on 1.5 acres is $8725.
Step-by-step explanation:
Given : [tex]C(a)=7500a-1500[/tex], [tex]M(C)=0.9C- 50[/tex] and [tex]M(C(a))=6750a-1400[/tex]
To find : How much can Cam expect to earn if he sells all the corn produced on 1.5 acres?
Solution :
[tex]C(a)=7500a-1500[/tex]
Substitute a=1.5,
[tex]C(1.5)=7500(1.5)-1500[/tex]
[tex]C(1.5)=11250-1500[/tex]
[tex]C(1.5)=9750[/tex]
Now, taking function [tex]M(C)=0.9C- 50[/tex]
Substitute C=9750,
[tex]M(9750)=0.9(9750)- 50[/tex]
[tex]M(9750)=8775- 50[/tex]
[tex]M(9750)=8725[/tex]
Now, taking function [tex]M(C(a))=6750a-1400[/tex]
Substitute a=1.5,
[tex]M(C(1.5))=6750(1.5)-1400[/tex]
[tex]M(C(1.5))=10125-1400[/tex]
[tex]M(C(1.5))=8725[/tex]
Therefore, Cam expect to earn if he sells all the corn produced on 1.5 acres is $8725.