A project management consultant estimated that if a particular project was completed, t years after completion, N thousand persons would benefit directly from the project, where N(t) =- 4.5t2 + 16t, Osts 10 For what value of t,will the largest number of people receive direct benefits?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter2: Equations And Inequalities
Section2.3: Quadratic Equations
Problem 82E
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A project management consultant estimated that if a particular project was
completed, t years after completion, N thousand persons would benefit directly from
the project, where
N(t) =- 4.5t2 + 16t,
Osts 10
For what value of t,will the largest number of people receive direct benefits?
Transcribed Image Text:A project management consultant estimated that if a particular project was completed, t years after completion, N thousand persons would benefit directly from the project, where N(t) =- 4.5t2 + 16t, Osts 10 For what value of t,will the largest number of people receive direct benefits?
Page 3
Question 4
(a) Find the following:
x+/3 + 9x/5
i. Lim-
**о бх1/2 — 4х/4
ii. Lim
X-5+
(2х — 1)4/2 — 3
х — 5
(b) The total revenue curve of a firm is R(q) = 40q – 12q? and its
400
average cost A(q) =g? – 12.85q + 20 +, where q is the firm's output.
30
i. Derive an expression C(q) for the firm's total cost function.
ii. Derive an expression II(q) for the firm's profit function.
iii. Is the rate of change of profit increasing or decreasing when the
ouput level of the firm is 10 units?
iv. Determine the level of output for which the firm's profit is maximized.
v. What is the firms's maximum profit?
Transcribed Image Text:Page 3 Question 4 (a) Find the following: x+/3 + 9x/5 i. Lim- **о бх1/2 — 4х/4 ii. Lim X-5+ (2х — 1)4/2 — 3 х — 5 (b) The total revenue curve of a firm is R(q) = 40q – 12q? and its 400 average cost A(q) =g? – 12.85q + 20 +, where q is the firm's output. 30 i. Derive an expression C(q) for the firm's total cost function. ii. Derive an expression II(q) for the firm's profit function. iii. Is the rate of change of profit increasing or decreasing when the ouput level of the firm is 10 units? iv. Determine the level of output for which the firm's profit is maximized. v. What is the firms's maximum profit?
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