Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.
Sagot :
Solution
Step 1:
The function reaches a maximum where the derivative is equal to 0.
Find the first derivative of the function.
Step 2:
Write the function
[tex]R(x)\text{ = 290x - 0.52x}^2[/tex]Step 3
Find the first derivative
[tex]\begin{gathered} R(x)=\text{ 290x -0.52x}^2 \\ R^{\prime}(x)\text{ = 290 - 1.04x} \end{gathered}[/tex]Step 4:
The function reaches a maximum where the derivative is equal to 0.
[tex]\begin{gathered} 290\text{ - 1.04x = 0} \\ 1.04x\text{ = 290} \\ \text{x = }\frac{290}{1.04} \\ \text{x = 278.8 }\approx\text{ 279} \end{gathered}[/tex]So the number of units which produce the maximum revenue = 279
Step 5:
Substituting this value in the original equation gives the revenue:
[tex]\begin{gathered} R\text{ = 290x - 0.52x}^2 \\ R\text{ = 290}\times279\text{ - 0.52 }\times\text{ 279}^2 \\ R\text{ = 80910 - 42034.14} \\ R\text{ = \$38875.86} \end{gathered}[/tex]Maximum revenue = $38875.86
Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.