Revenue. A dairy is planning to introduce and promote a new line of organic ice cream. After test marketing the new line in a large city, the marketing research department found that the demand in that city is given approximately by p = 10 e − x 0 ≤ x ≤ 5 where x thousand quarts were sold per week at a price of $ p each. (A) Find the local extrema for the revenue function. (B) On which intervals is the graph of the revenue function concave upward? Concave downward?
Revenue. A dairy is planning to introduce and promote a new line of organic ice cream. After test marketing the new line in a large city, the marketing research department found that the demand in that city is given approximately by p = 10 e − x 0 ≤ x ≤ 5 where x thousand quarts were sold per week at a price of $ p each. (A) Find the local extrema for the revenue function. (B) On which intervals is the graph of the revenue function concave upward? Concave downward?
Solution Summary: The author explains how to find the local extrema of the revenue function of a company.
Revenue. A dairy is planning to introduce and promote a new line of organic ice cream. After test marketing the new line in a large city, the marketing research department found that the demand in that city is given approximately by
p
=
10
e
−
x
0
≤
x
≤
5
where x thousand quarts were sold per week at a price of $p each.
(A) Find the local extrema for the revenue function.
(B) On which intervals is the graph of the revenue function concave upward? Concave downward?
Use the formulas developed in this section to find the area of the figure.
A=
(Simplify your answer.)
8.5 m
7
T
13 m
7.7 m
m
21 m
Find the circumference and area of the circle. Express answers in terms of and then round to the nearest
tenth.
Find the circumference in terms of
C =
(Type an exact answer in terms of л.)
9 cm
Chapter 4 Solutions
Calculus for Business Economics Life Sciences and Social Sciences Plus NEW
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