Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A manufacturer determines that the cost in dollars for making x calculoodles is C(x) = 1800 + 25x - 0.2x + 0.001x. When x caculoodles

A manufacturer determines that the cost in dollars for making "x" calculoodles is C(x) = 1800 + 25x - 0.2x + 0.001x. When "x" caculoodles are produced, the price per caculoodle in dollars is p(x) = 50 - 0.025x.

a) Write the Profit function, simplified completely.

b) Use Calculus to find the production level (x) that maximizes profit. Also find the maximum profit.

*Hint: Be sure to use a sign chart with the first derivative or the second derivative test to demonstrate you have a maximum.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Engineering Mathematics, Enhanced

Authors: Erwin Kreyszig

10th Edition

1119446848, 9781119446842

More Books

Students also viewed these Mathematics questions

Question

What are the characteristics of a spiritual culture?

Answered: 1 week ago

Question

How can i create a DAG graph

Answered: 1 week ago

Question

1. Why do we trust one type of information more than another?

Answered: 1 week ago