Chapter 10.3, Problem 5E

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11th Edition

Ronald J. Harshbarger + 1 other

ISBN: 9781305108042

Textbook Problem

(a) If the total revenue function for a hammer is
*x*, will maximize the total revenue in dollars? Find the maximum revenue.

(b) Find the maximum revenue if production is limited to at most 1500 hammers.

**(a)**

To determine

**To calculate:** The maximum revenue of the provided revenue and number of units that is *x* for the cost function

Explanation

**Given Information:**

The provided revenue function is:

**Formula used:**

If

And,

Where

**Calculation:**

Consider the revenue function

The absolute maxima and absolute minima will occur only at the critical points. To calculate the critical points of the provided function, find the first derivative of the function:

**(b)**

To determine

**To calculate:** The maximum revenue of the provided revenue function *x* hammers.

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