Calculus 2012 Student Edition (by Finney/Demana/Waits/Kennedy)

4th Edition

ISBN: 9780133178579

Author: Ross L. Finney

Publisher: PEARSON

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Question

Chapter 5.4, Problem 24E

To determine

Find the production level that maximizes profit.

Expert Solution & Answer

Answer to Problem 24E

The profit value is 1500 units.

Explanation of Solution

Given information: Given revenue and cost r(x)=x2/(x2+1),c(x)=(x−1)3/−1/3

Calculation:

The profit function is:

P(x)=r(x)−c(x) =x2x2+1−((x−1)33−13) =1−1x2+1−((x−1)33+13) =43+(x2+1)−1−13(x−1)3

The first derivative is

P′(x)=−2x(x2+1)−2−(x−1)2x≈0.3 where p(x)≈0.5 and at x≈1.5 where p(x)≈1

So,

x=1.5,p(x)=1 is a local maximum.

Thus, when produce 1500 units the profits is maximized

Chapter 5.4, Problem 23E

Chapter 5.4, Problem 25E

Chapter 5 Solutions

Calculus 2012 Student Edition (by Finney/Demana/Waits/Kennedy)

Ch. 5.1 - Prob. 1QR Ch. 5.1 - Prob. 2QR Ch. 5.1 - Prob. 3QR Ch. 5.1 - Prob. 4QR Ch. 5.1 - Prob. 5QR Ch. 5.1 - Prob. 6QR Ch. 5.1 - Prob. 7QR Ch. 5.1 - Prob. 8QR Ch. 5.1 - Prob. 9QR Ch. 5.1 - Prob. 10QR

Ch. 5.1 - Prob. 11QR Ch. 5.1 - Prob. 12QR Ch. 5.1 - Prob. 1E Ch. 5.1 - Prob. 2E Ch. 5.1 - Prob. 3E Ch. 5.1 - Prob. 4E Ch. 5.1 - Prob. 5E Ch. 5.1 - Prob. 6E Ch. 5.1 - Prob. 7E Ch. 5.1 - Prob. 8E Ch. 5.1 - Prob. 9E Ch. 5.1 - Prob. 10E Ch. 5.1 - Prob. 11E Ch. 5.1 - Prob. 12E Ch. 5.1 - Prob. 13E Ch. 5.1 - Prob. 14E Ch. 5.1 - Prob. 15E Ch. 5.1 - Prob. 16E Ch. 5.1 - Prob. 17E Ch. 5.1 - Prob. 18E Ch. 5.1 - Prob. 19E Ch. 5.1 - Prob. 20E Ch. 5.1 - Prob. 21E Ch. 5.1 - Prob. 22E Ch. 5.1 - Prob. 23E Ch. 5.1 - Prob. 24E Ch. 5.1 - Prob. 25E Ch. 5.1 - Prob. 26E Ch. 5.1 - Prob. 27E Ch. 5.1 - Prob. 28E Ch. 5.1 - Prob. 29E Ch. 5.1 - Prob. 30E Ch. 5.1 - Prob. 31E Ch. 5.1 - Prob. 32E Ch. 5.1 - Prob. 33E Ch. 5.1 - Prob. 34E Ch. 5.1 - Prob. 35E Ch. 5.1 - Prob. 36E Ch. 5.1 - Prob. 37E Ch. 5.1 - Prob. 38E Ch. 5.1 - Prob. 39E Ch. 5.1 - Prob. 40E Ch. 5.1 - Prob. 41E Ch. 5.1 - Prob. 42E Ch. 5.1 - Prob. 43E Ch. 5.1 - Prob. 44E Ch. 5.1 - Prob. 45E Ch. 5.1 - Prob. 46E Ch. 5.1 - Prob. 47E Ch. 5.1 - Prob. 48E Ch. 5.1 - 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