Chapter 10, Problem 34RE

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11th Edition

Ronald J. Harshbarger + 1 other

ISBN: 9781305108042

Textbook Problem

In Problems 31-36, cost, revenue, and profit are in dollars and *x* is the number of units.

** Profit** How many units (

To determine

**To calculate:** The number of units of the product to obtain maximum profit where the revenue function is *x* is the number of units produced and sold.

Explanation

**Given Information:**

The provided revenue function is

**Formula used:**

To find relative maxima and minima of a function,

1. Set the first derivative of the function to zero,

2. Substitute the critical values into

3. Calculate the sign of the function to the left and right of the critical values.

(a) If

(b) If

**Calculation:**

Consider the provided revenue function is *x* is the number of units produced and sold.

Since, profit is the difference of revenue and cost.

Thus, the profit function is the difference of revenue and cost function.

Let *P* represent profit.

Thus,

Calculate the first derivative of the function

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Sect-10.1 P-7ESect-10.1 P-8ESect-10.1 P-9ESect-10.1 P-10ESect-10.1 P-11ESect-10.1 P-12ESect-10.1 P-13ESect-10.1 P-14ESect-10.1 P-15ESect-10.1 P-16ESect-10.1 P-17ESect-10.1 P-18ESect-10.1 P-19ESect-10.1 P-20ESect-10.1 P-21ESect-10.1 P-22ESect-10.1 P-23ESect-10.1 P-24ESect-10.1 P-25ESect-10.1 P-26ESect-10.1 P-27ESect-10.1 P-28ESect-10.1 P-29ESect-10.1 P-30ESect-10.1 P-31ESect-10.1 P-32ESect-10.1 P-33ESect-10.1 P-34ESect-10.1 P-35ESect-10.1 P-36ESect-10.1 P-37ESect-10.1 P-38ESect-10.1 P-39ESect-10.1 P-40ESect-10.1 P-41ESect-10.1 P-42ESect-10.1 P-43ESect-10.1 P-44ESect-10.1 P-45ESect-10.1 P-46ESect-10.1 P-47ESect-10.1 P-48ESect-10.1 P-49ESect-10.1 P-50ESect-10.1 P-51ESect-10.1 P-52ESect-10.1 P-53ESect-10.1 P-54ESect-10.1 P-55ESect-10.1 P-56ESect-10.1 P-57ESect-10.1 P-58ESect-10.1 P-59ESect-10.1 P-60ESect-10.1 P-61ESect-10.1 P-62ESect-10.1 P-63ESect-10.1 P-64ESect-10.1 P-65ESect-10.2 P-1CPSect-10.2 P-2CPSect-10.2 P-3CPSect-10.2 P-4CPSect-10.2 P-1ESect-10.2 P-2ESect-10.2 P-3ESect-10.2 P-4ESect-10.2 P-5ESect-10.2 P-6ESect-10.2 P-7ESect-10.2 P-8ESect-10.2 P-9ESect-10.2 P-10ESect-10.2 P-11ESect-10.2 P-12ESect-10.2 P-13ESect-10.2 P-14ESect-10.2 P-15ESect-10.2 P-16ESect-10.2 P-17ESect-10.2 P-18ESect-10.2 P-19ESect-10.2 P-20ESect-10.2 P-21ESect-10.2 P-22ESect-10.2 P-23ESect-10.2 P-24ESect-10.2 P-25ESect-10.2 P-26ESect-10.2 P-27ESect-10.2 P-28ESect-10.2 P-29ESect-10.2 P-30ESect-10.2 P-31ESect-10.2 P-32ESect-10.2 P-33ESect-10.2 P-34ESect-10.2 P-35ESect-10.2 P-36ESect-10.2 P-37ESect-10.2 P-38ESect-10.2 P-39ESect-10.3 P-1CPSect-10.3 P-2CPSect-10.3 P-3CPSect-10.3 P-4CPSect-10.3 P-1ESect-10.3 P-2ESect-10.3 P-3ESect-10.3 P-5ESect-10.3 P-6ESect-10.3 P-7ESect-10.3 P-8ESect-10.3 P-9ESect-10.3 P-10ESect-10.3 P-11ESect-10.3 P-12ESect-10.3 P-13ESect-10.3 P-14ESect-10.3 P-15ESect-10.3 P-16ESect-10.3 P-17ESect-10.3 P-18ESect-10.3 P-19ESect-10.3 P-20ESect-10.3 P-21ESect-10.3 P-22ESect-10.3 P-23ESect-10.3 P-24ESect-10.3 P-25ESect-10.3 P-26ESect-10.3 P-27ESect-10.3 P-28ESect-10.3 P-29ESect-10.3 P-30ESect-10.3 P-33ESect-10.3 P-34ESect-10.3 P-35ESect-10.3 P-36ESect-10.3 P-37ESect-10.3 P-38ESect-10.3 P-39ESect-10.3 P-40ESect-10.3 P-41ESect-10.3 P-42ESect-10.3 P-43ESect-10.3 P-47ESect-10.3 P-48ESect-10.3 P-49ESect-10.4 P-1CPSect-10.4 P-2CPSect-10.4 P-3CPSect-10.4 P-1ESect-10.4 P-2ESect-10.4 P-3ESect-10.4 P-4ESect-10.4 P-5ESect-10.4 P-6ESect-10.4 P-7ESect-10.4 P-8ESect-10.4 P-9ESect-10.4 P-10ESect-10.4 P-11ESect-10.4 P-12ESect-10.4 P-13ESect-10.4 P-14ESect-10.4 P-15ESect-10.4 P-16ESect-10.4 P-17ESect-10.4 P-18ESect-10.4 P-19ESect-10.4 P-20ESect-10.4 P-21ESect-10.4 P-22ESect-10.4 P-23ESect-10.4 P-24ESect-10.4 P-25ESect-10.4 P-26ESect-10.4 P-27ESect-10.4 P-28ESect-10.4 P-29ESect-10.4 P-30ESect-10.4 P-31ESect-10.4 P-32ESect-10.4 P-33ESect-10.5 P-1CPSect-10.5 P-2CPSect-10.5 P-1ESect-10.5 P-2ESect-10.5 P-3ESect-10.5 P-4ESect-10.5 P-5ESect-10.5 P-6ESect-10.5 P-7ESect-10.5 P-8ESect-10.5 P-9ESect-10.5 P-10ESect-10.5 P-11ESect-10.5 P-12ESect-10.5 P-13ESect-10.5 P-14ESect-10.5 P-15ESect-10.5 P-16ESect-10.5 P-17ESect-10.5 P-18ESect-10.5 P-19ESect-10.5 P-20ESect-10.5 P-21ESect-10.5 P-22ESect-10.5 P-23ESect-10.5 P-24ESect-10.5 P-25ESect-10.5 P-26ESect-10.5 P-27ESect-10.5 P-28ESect-10.5 P-29ESect-10.5 P-30ESect-10.5 P-31ESect-10.5 P-32ESect-10.5 P-33ESect-10.5 P-34ESect-10.5 P-35ESect-10.5 P-36ESect-10.5 P-37ESect-10.5 P-38ESect-10.5 P-39ESect-10.5 P-40ESect-10.5 P-41ESect-10.5 P-42ESect-10.5 P-43ECh-10 P-1RECh-10 P-2RECh-10 P-3RECh-10 P-4RECh-10 P-5RECh-10 P-6RECh-10 P-7RECh-10 P-8RECh-10 P-9RECh-10 P-10RECh-10 P-11RECh-10 P-12RECh-10 P-13RECh-10 P-14RECh-10 P-15RECh-10 P-16RECh-10 P-17RECh-10 P-18RECh-10 P-19RECh-10 P-20RECh-10 P-21RECh-10 P-22RECh-10 P-23RECh-10 P-24RECh-10 P-25RECh-10 P-26RECh-10 P-27RECh-10 P-28RECh-10 P-29RECh-10 P-30RECh-10 P-31RECh-10 P-32RECh-10 P-33RECh-10 P-34RECh-10 P-35RECh-10 P-36RECh-10 P-37RECh-10 P-38RECh-10 P-39RECh-10 P-40RECh-10 P-41RECh-10 P-42RECh-10 P-43RECh-10 P-44RECh-10 P-45RECh-10 P-46RECh-10 P-47RECh-10 P-48RECh-10 P-49RECh-10 P-50RECh-10 P-51RECh-10 P-52RECh-10 P-53RECh-10 P-54RECh-10 P-55RECh-10 P-1TCh-10 P-2TCh-10 P-3TCh-10 P-4TCh-10 P-5TCh-10 P-6TCh-10 P-7TCh-10 P-8TCh-10 P-9TCh-10 P-10TCh-10 P-11TCh-10 P-12TCh-10 P-13TCh-10 P-14TCh-10 P-15TCh-10 P-16TCh-10 P-17T

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