Qualification > Math
Maths help!
astarmathsandphysics:
When i get home
SGVaibhav:
omg
i had some very similiar kinda question.
it was about finding the maximum profit using derivatives.
astarmathsandphysics:
The costs of a firm which makes climbing boots are of two kind:
-Fixed cost (plant rates, office expenses): $2000 per week;
-Production costs (material, labour): $20 for each pair of boots made.
Market research suggest that if they price the boots at $30 a pair they will sell 500 pairs a week, but that at $55 a apair they will sell none at all; and between these values the graph of sales against profit is a straight line.
If they price boots at $x pair (30<x<55) (inclusive) find expressions for
a) weekly sales,
b) the weekly reciepts
c) the weekly costs
assuming that just enought boots are made
hence showing that the weeklly profit, $P, is given by
P=-20x2+ 1500x-2400.
Find the price at which the boots should be sold to maximise the profit.
a)sales=-20x+1100
b)receipts=sales*prce=x(-20x+1100)
c)costs=20x+2000
Surely something I have not understood. Are you sure " the graph of sales against profit is a straight line" is correct from the question?
f
tmisterr:
yes thats what the question says!!
SGVaibhav:
Stuck on 1 question for like 1.5 hours
i mean 1 hour 30 mins
lim t-->2 ( (t^3 + 3t^2 - 12t + 4) / (t^3 - 4t) )
[in english]
(t(cube) + 3t(square) - 12t + 4) divided by (t(cube) - 3t)
when the lim of t approaches 2
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