10 POINTS!!! FULL ANSWER WITH FULL STEP BY STEP SOLUTION PLEASE
1 answer:
A) Profit is the difference between revenue an cost. The profit per widget is
m(x) = p(x) - c(x)
m(x) = 60x -3x^2 -(1800 - 183x)
m(x) = -3x^2 +243x -1800
Then the profit function for the company will be the excess of this per-widget profit multiplied by the number of widgets over the fixed costs.
P(x) = x×m(x) -50,000
P(x) = -3x^3 +243x^2 -1800x -50000
b) The marginal profit function is the derivative of the profit function.
P'(x) = -9x^2 +486x -1800
c) P'(40) = -9(40 -4)(40 -50) = 3240
Yes, more widgets should be built. The positive marginal profit indicates that building another widget will increase profit.
d) P'(50) = -9(50 -4)(50 -50) = 0
No, more widgets should not be built. The zero marginal profit indicates there is no profit to be made by building more widgets.
_____
On the face of it, this problem seems fairly straightforward, and the above "step-by-step" seems to give fairly reasonable answers. However, if you look at the function p(x), you find the "best price per widget" is negatve for more than 20 widgets. Similarly, the "cost per widget" is negative for more than 9.8 widgets. Thus, the only reason there is any profit at all for any number of widgets is that the negative costs are more negative than the negative revenue. This does not begin to model any real application of these ideas. It is yet another instance of failed math curriculum material.
m(x) = p(x) - c(x)
m(x) = 60x -3x^2 -(1800 - 183x)
m(x) = -3x^2 +243x -1800
Then the profit function for the company will be the excess of this per-widget profit multiplied by the number of widgets over the fixed costs.
P(x) = x×m(x) -50,000
P(x) = -3x^3 +243x^2 -1800x -50000
b) The marginal profit function is the derivative of the profit function.
P'(x) = -9x^2 +486x -1800
c) P'(40) = -9(40 -4)(40 -50) = 3240
Yes, more widgets should be built. The positive marginal profit indicates that building another widget will increase profit.
d) P'(50) = -9(50 -4)(50 -50) = 0
No, more widgets should not be built. The zero marginal profit indicates there is no profit to be made by building more widgets.
_____
On the face of it, this problem seems fairly straightforward, and the above "step-by-step" seems to give fairly reasonable answers. However, if you look at the function p(x), you find the "best price per widget" is negatve for more than 20 widgets. Similarly, the "cost per widget" is negative for more than 9.8 widgets. Thus, the only reason there is any profit at all for any number of widgets is that the negative costs are more negative than the negative revenue. This does not begin to model any real application of these ideas. It is yet another instance of failed math curriculum material.
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Answer:
2. "two thirds of the fourth power of <em>r</em>"
4. n + 14
6. 7 +11n
8. (2/5)n^2
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7. 28
8. 1/5
Step-by-step explanation:
2. "two thirds of the fourth power of <em>r</em>"
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4. "sum" means the listed items are added. You can use any convenient variable to represent "a number." I often use <em>n</em> for <em>n</em><em>umber</em>.
n + 14
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6. "7 more than" means 7 is added to whatever follows. "11 times a number" means the number is multiplied by 11.
7 + 11n
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8. "of" means "times". The square of a number is that number to the power of 2.
(2/5)n^2
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7 & 8 (evaluation). Your calculator can do this. (If not, get one that can.) Note that parentheses are needed around numerators and denominators and anything else that must be treated as a single value.
