Math Problem Statement
Solution
The problem in your image is asking for the total accumulated profit when 40 items are produced and sold. The marginal profit is given as:
Steps to Solve:
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Find the Total Accumulated Profit: The total accumulated profit is found by integrating the marginal profit function . So, we need to compute:
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Perform the Integration: The integral of an exponential function is:
Applying this rule, we get:
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Evaluate the Constant: Since we're looking for the total profit accumulated, we can assume that at , there is no profit, meaning . This allows us to solve for :
So the total accumulated profit function becomes:
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Calculate the Accumulated Profit for 40 Items: Now substitute into the profit function:
Let's calculate the result.The total accumulated profit when 40 items are produced and sold is $16,989.34.
Would you like more details on any part of this solution, or have any questions?
Here are 5 related questions to consider:
- How would the accumulated profit change if the growth rate were different?
- How can you compute the accumulated profit if the marginal profit function was not exponential?
- What is the interpretation of the constant in the context of the total profit function?
- How does the marginal profit function impact business decisions when pricing products?
- What would happen to the profit if production increases from 40 to 50 items?
Tip: In problems involving exponential growth or decay, integration often simplifies calculations involving cumulative totals.
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Math Problem Analysis
Mathematical Concepts
Calculus
Integration
Exponential Functions
Formulas
Integral of e^{kx} = (1/k)e^{kx}
Marginal Profit to Total Profit: P(x) = ∫P'(x) dx
Theorems
Fundamental Theorem of Calculus
Suitable Grade Level
College Level (Calculus)
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