Answer:
$10,277.32
Step-by-step explanation:
Given the revenue and cost function
R(x) = -31.72x^2 + 2,030x
C(x) = -126.96x + 26,391
The profit function is expressed as;
P(x) = R(x) - C(x)
P(x) = -31.72x^2 + 2,030x-(-126.96x + 26,391)
P(x) = -31.72x^2 + 2,030x+126.96x - 26,391
P(x) = -31.72x^2 + 2,030x+126.96x - 26,391
P(x) = -31.72x^2 + 2,156.96x - 26,391
To have maximum profit, d
The maximum profit dP/dx = 0
dP/dx = -63.44x+2156.96
-63.44x+2156.96=0
63.44x = 2156.96
X = 2156.96/63.44
x = 34
Get the profit
P(34) = -31.72(34)² + 2,156.96(34)- 26,391
P(34) = -36668.32+73336.64-26391
P(34) = 10,277.32
Hence the maximum profit that can be made is $10,277.32
