Math Problem Statement
Use option a and solve for maximum profit, profit, max revenue, breakeven and convert it to thousand pesos.
Solution
from sympy import symbols, Eq, solve, diff
Define the variables and the revenue and production cost equations
x = symbols('x') # Production units y = symbols('y') # Revenue/Cost
Revenue and cost models for Option A
revenue_eq = Eq(y, -0.01 * x**2 + 1.9 * x + 1.2) cost_eq = Eq(9 * y, 11 * x - 5)
Find maximum revenue by calculating the vertex of the quadratic equation
revenue_expr = -0.01 * x**2 + 1.9 * x + 1.2 max_revenue_x = solve(diff(revenue_expr, x), x)[0] max_revenue_y = revenue_expr.subs(x, max_revenue_x)
Find breakeven points where revenue equals cost
cost_expr = (11 * x - 5) / 9 breakeven_eq = Eq(revenue_expr, cost_expr) breakeven_points = solve(breakeven_eq, x)
Profit equation
profit_expr = revenue_expr - cost_expr max_profit_x = solve(diff(profit_expr, x), x)[0] max_profit_y = profit_expr.subs(x, max_profit_x)
Convert results to thousand pesos
results = { "Max Revenue (x)": max_revenue_x.evalf(), "Max Revenue (y)": max_revenue_y.evalf(), "Breakeven Points (x)": [point.evalf() for point in breakeven_points], "Max Profit (x)": max_profit_x.evalf(), "Max Profit (y)": max_profit_y.evalf() } results{'Max Revenue (x)': 95.0000000000000, 'Max Revenue (y)': 91.4500000000000, 'Breakeven Points (x)': [-2.49809155300835, 70.2758693307861], 'Max Profit (x)': 33.8888888888889, 'Max Profit (y)': 13.2401234567901}{'Max Revenue (x)': 95.0000000000000, 'Max Revenue (y)': 91.4500000000000, 'Breakeven Points (x)': [-2.49809155300835, 70.2758693307861], 'Max Profit (x)': 33.8888888888889, 'Max Profit (y)': 13.2401234567901}successHere are the computed results for Option A:
-
Maximum Revenue:
- Production Units (x): 95.0
- Revenue (y): 91.45 thousand pesos
-
Breakeven Points (x):
- Breakeven at production units: -2.50 (not feasible in this context)
- Breakeven at production units: 70.28
-
Maximum Profit:
- Production Units (x): 33.89
- Profit (y): 13.24 thousand pesos
Let me know if you would like to dive deeper into any of these values, or if you'd like computations or graphs for better visualization!
Expanding Questions:
- Would you like a detailed graph showing revenue, cost, and profit curves?
- Should I explain how breakeven points and maximum profit were derived in more depth?
- Do you want to calculate and compare profits at different production levels?
- Would you like additional analysis on feasible breakeven points?
- Should I explore other options (B, C, D) for comparative insights?
Tip:
Always validate whether breakeven points are feasible in the context of the problem to ensure accurate conclusions!
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Math Problem Analysis
Mathematical Concepts
Algebra
Quadratic Equations
Revenue and Cost Analysis
Formulas
Revenue Model: y = -0.01x^2 + 1.9x + 1.2
Production Cost Model: 9y = 11x - 5
Vertex Formula for Maximizing/Minimizing a Quadratic: x = -b/2a
Profit = Revenue - Cost
Theorems
Quadratic Vertex Theorem
Break-Even Point: Revenue = Cost
Suitable Grade Level
Grades 10-12
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