The maximum profit is the highest point on the curve at (3, 45), and since the y-value is the profit in hundreds of dollars, the maximum profit is $4500.
The shop is making a profit as long as the curve is above the x-axis, so this is over the given interval (0, 10).
The maximum profit is earned at x = 3, and the x-value is the money spent on advertising in hundreds of dollars, so this means that $300 was spent of advertising.
So I'm assuming that you're taking Calculus.
The first thing you want to do is take the integral of f(x)...
Use the power rule to get:
4X^2-13X+3.
Now solve for X when f(x)=0. This is because when the slope is 0, it is either a minimum or a maximum(I'm assuming you know this)
Now you get X=0.25 and X=3. Since we are working in the interval of (1,4), we can ignore 0.25
Thus our potential X values for max and min are X=1,X=4,X=3(You don't want to forget the ends of the bounds!)
Plugging these value in for f(x), we get
f(1)=2.833
f(3)=-8.5
f(4)=1.667
Thus X=1 is the max and X=3 is the min.
So max:(1,2.833)
min:(3,-8.5)
Hope this helps!
In this exact order:
5+1.75x=y
Sorry for the wait..Hope this helps
The answer is 55.75! Trust me I took a test on this and its the right one.
Answer:
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Step-by-step explanation:
Ummm...
0.20 is bigger than 0
