The revenue and the cost rate of Gold Star mining operation are, respectively 1 R'(t) = 19 – tz and C'(t) = 3 + 3t? where t is measured in years and R and C are measured in millions of dollars. Determine how long the operation should continue to maximize profit. Find the profit that can be generated during this period. Ignore any fixed costs.
The revenue and the cost rate of Gold Star mining operation are, respectively 1 R'(t) = 19 – tz and C'(t) = 3 + 3t? where t is measured in years and R and C are measured in millions of dollars. Determine how long the operation should continue to maximize profit. Find the profit that can be generated during this period. Ignore any fixed costs.
Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Topics In Analytic Geometry
Section: Chapter Questions
Problem 33CT
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