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