Math Problem Statement
The weekly revenue for a product is given by R(x)equals138.6 x minus 0.015 x squared, and the weekly cost is C(x)equals12 comma 000 plus 69.3 x minus 0.03 x squared plus 0.00001 x cubed, where x is the number of units produced and sold. (a) How many units will give the maximum profit? (b) What is the maximum possible profit? Question content area bottom Part 1 (a) The number of units that will give the maximum profit is
enter your response here. (Round to the nearest whole number as needed.)
Solution
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Math Problem Analysis
Mathematical Concepts
Optimization
Calculus
Revenue and Cost Functions
Quadratic and Cubic Equations
Formulas
Profit function P(x) = R(x) - C(x)
First derivative of P(x) for critical points: P'(x) = 69.3 + 0.03x - 0.00003x^2
Quadratic formula: x = [-b ± √(b² - 4ac)] / 2a
Theorems
Quadratic Formula
Critical Points and Second Derivative Test
Suitable Grade Level
College-Level Calculus
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