plz solve only last 2 parts (2.4)and (2.5) within 30-40 mins I'll give you multiple upvote Optimisation of one-variate function2. The company's profit function is n= 140Q-2Q2-702.1What is the fixed cost?s).2.2At what output, Q, the profit function has its turning point (show firstderivative of the profit function and apply FOC)? Show the calculations.2.3Find the second derivative of the profit function.2.4Apply SOC. Is the turning point a maximum or a minimum point? Explain.2.5Evaluate the maximum profit

Answered: Image /qna-images/answer/8d1dfa00-3272-4adb-95f9-0ccbb286b66a.jpg

Answered: 2.4 Apply SOC. Is the turning point a…

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter2: Functions

Section2.4: Average Rate Of Change Of A Function

Problem 4E

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bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
Find the average rates of change of f(x)=x2+2x (a) from x1=3 to x2=2 and (b) from x1=2 to x2=0.
aThe average rate of change of a function f between x=a and x=b is the slope of the ___________ line between (a,f(a)) and (b,f(b)).
Later High School Graduates This is a continuation of Exercise 16. The following table shows the number, in millions, graduating from high school in the United States in the given year. Year Number graduating in millions 2001 2.85 2003 2.98 2005 3.11 2007 3.24 a. Find the slope of the linear function modeling high school graduations, and explain in practical terms the meaning of the slope. b. Find a formula for a linear function that models these data. c. Express, using functional notation, the number graduating from high school in 2008, and then calculate the value. d. The actual number graduating from high school in 1994 was about 2.52 million. Compare this with the value given by the formula in part b and with your answer to part of Exercise 16. Which is closer to the actual value? In general terms, what was the trend in high school graduations from 1985 to 2007? 16. High School Graduates The following table shows the number, in millions, graduating from high school in the United States in the given year.16 Year Number graduating in millions 1985 2.83 1987 2.65 1989 2.47 1991 2.29 a. By calculating difference, show that these data can be modeled using a linear function. b. What is the slope for the linear function modeling high school graduations? Explain in practical terms the meaning of the slope. c. Find a formula for a linear function that models these data. d. Express, using functional notation, the number graduating from high school in 1994, and then use your formula from part c to calculate that value.

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2.4 Apply SOC. Is the turning point a maximum or a minimum point? Explain. 2.5 Evaluate the maximum profit