Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question: The profit of a company can be modelled by the polynomial function P(t) = -t^3 +12t^2 -21t +10, where P is the profit in
Question: The profit of a company can be modelled by the polynomial function P(t) = -t^3 +12t^2 -21t +10, where P is the profit in thousands of dollars, and t is the time in years. When will the company make their maximum profit of $108, 000?
I have seen some solutions that begin as :
dp/dt = -3t^2+24t-21
However, I'm unsure what dp/dt means and how to calculate this. Please let me know the steps to calculating dp/dt.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started