A manufacturer determines that the cost in dollars for making "x" calculoodles is C(x) = 1800 + 25x – 0.2x2 + 0.001x3. 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.
A manufacturer determines that the cost in dollars for making "x" calculoodles is C(x) = 1800 + 25x – 0.2x2 + 0.001x3. 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.
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Question
![A manufacturer determines that the cost in dollars for making "x" calculoodles is
C(x) :
1800 + 25x – 0.2x² + 0.001x³. When "x" caculoodles are produced,
the price per caculoodle in dollars is p(x) = 50 – 0.025x.
%3|
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F65a8b681-5a51-4b9d-a5b4-1a4536dde564%2F8cfcadbb-a9af-499c-8bff-c5bd607050df%2Fjrsgv8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A manufacturer determines that the cost in dollars for making "x" calculoodles is
C(x) :
1800 + 25x – 0.2x² + 0.001x³. When "x" caculoodles are produced,
the price per caculoodle in dollars is p(x) = 50 – 0.025x.
%3|
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.
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