Question
I need help with these questions. Thanks. 1) The total revenue received from the sale of x items is R(x) = 30 ln (2x +
I need help with these questions. Thanks.
1) The total revenue received from the sale of x items is R(x) = 30 ln (2x + 1) and the total cost to produce x items is C(x) = x/2.
(a) Find the marginal revenue.
(b) Find the marginal profit P'(x).
(c) What value of x makes the marginal profit zero?
2) Suppose that at time t = 0, an olive oil distributor found that the demand for olive oil, sold at $15 dollars a quart, was 500 quarts each month. At the same time, the price was going up at a rate of $0.50 per month, and the demand was also going up at a rate of 30 quarts per month due to increased advertising. How fast was the revenue increasing at time t = 0?
Note: The revenue function is given by R(t) = D(t)P(t) , where D(t) is the demand at time t, and P(t) is the price at time t.
3) Let F(x) = F(x) = sqrt[4 + 3f(g(x))] ,where f(2) = 4, f '(2) = 1, g(1) = 2, f(1) = 5, and g'(1) = 6.
Find F'(1).
4) Find the derivative of f(x) = ee^x^2
5) According to work by the psychologist C. L. Hull, the strength of a habit is a function of the number of times the habit is repeated. If N is the number of repetitions and H(N) is the strength of the habit, then H(N) = 1000(1 - e^-kN) , where k is a constant.
(a) Find H'(N) if k = 0.1.
(b) Explain why H'(N) is always positive. What does this mean in the context of habits?
6) Suppose a certain drug is administered to a patient, with the percent of concentration in the bloodstream t hours later given by K(t) = 5t/t^2 +1. On what time interval is the concentration of the drug increasing?
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