Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This question deals with second derivatives, their interpretation and application. (a) (Conceptual portion - 10 pts) Suppose a function f(x) is defined and continuous on

This question deals with second derivatives, their interpretation and application.

(a) (Conceptual portion - 10 pts) Suppose a function f(x) is defined and continuous on the real line, and is known to have the following properties: When f (5) = 2, f (5) = 0 and f (5) > 0. In addition, f (0) = 0, f (0) = 0, f (5) = 4, f (5) = 0 and f (5) < 0 where 0 is an inflection point. Draw the graph of f using the information above, and explain how you got it - in particular explain the meaning of the second derivative of a function to be positive, negative, and equal to 0. Assume there are no other critical points/inflection points of f besides those given above.

(b) (Computational Portion - 10 pts) The annual cost (in thousands of dollars) of manufacturing x thousand sets of wireless earbuds is given by C(x) = .001x3 + 3x + 100, and no more than 60000 earbuds can be produced in a year. i. Find the average cost function. ii. How many earbuds should be made in order to minimize the average cost per set? Use the second derivative test to confirm your answer is a minimum. iii. What is the minimum average cost?

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

Step: 3

blur-text-image

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

Probability And Statistics

Authors: Morris H. DeGroot, Mark J. Schervish

4th Edition

9579701075, 321500466, 978-0176861117, 176861114, 978-0134995472, 978-0321500465

More Books

Students also viewed these Mathematics questions

Question

* What is the importance of soil testing in civil engineering?

Answered: 1 week ago

Question

Explain the concept of shear force and bending moment in beams.

Answered: 1 week ago

Question

I just need number 5 please help

Answered: 1 week ago