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?
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The figure shows a hill with two paths, A and B.
(a) What is the elevation change along each path? 400
9400
✓ feet
(b) Which path ascends more rapidly? A v
(c) On which path will you probably have a better view of the surrounding
countryside (assuming that trees do not block your view)? A V
(d) Along which path is there more likely to be a stream?
A V
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4)
28. (a) Under what conditions do we say that two random variables X and Y are
independent?
(b) Demonstrate that if X and Y are independent, then it follows that E(XY) =
E(X)E(Y);
(e) Show by a counter example that the converse of (ii) is not necessarily true.
7. [10 marks]
Let G = (V,E) be a 3-connected graph with at least 6 vertices. Let C be a cycle in G
of length 5. We show how to find a longer cycle in G.
(a) Let x be a vertex of G that is not on C. Show that there are three C-paths
Po, P1, P2 that are disjoint except at the shared initial vertex and only intersect
C at their final vertices.
(b) Show that at least two of P0, P1, P2 have final vertices that are adjacent along C.
(c) Combine two of Po, P1, P2 with C to produce a cycle in G that is longer than C.
Chapter 4 Solutions
Calculus for Business, Economics, Life Sciences, and Social Sciences (14th Edition)
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