The financial department in example 3 , using statistical and analytical techniques (see Matched Problem 7 in Section 2.1 ), arrived at the cost function. c x = 156 + 19.7 x Cost function Where C x is the cost for manufacturing and selling x million cameras. (a) Using the revenue function from example 3 and the preceding cost function write an equation for the profit function (b) Find the value of x to the nearest thousand cameras that will generate the maximum profit. What is the maximum profit to the nearest thousand dollars? Solve the problem algebraically by completing the square (c) What is the wholesale price per camera that generates the maximum profit? (d) Graph the profit function using an appropriate viewing window. (e) Find the output to the nearest thousand cameras that will generate the maximum profit. What is the maximum profit to the nearest thousand dollars? Solve the problem graphically using the maximum command.
The financial department in example 3 , using statistical and analytical techniques (see Matched Problem 7 in Section 2.1 ), arrived at the cost function. c x = 156 + 19.7 x Cost function Where C x is the cost for manufacturing and selling x million cameras. (a) Using the revenue function from example 3 and the preceding cost function write an equation for the profit function (b) Find the value of x to the nearest thousand cameras that will generate the maximum profit. What is the maximum profit to the nearest thousand dollars? Solve the problem algebraically by completing the square (c) What is the wholesale price per camera that generates the maximum profit? (d) Graph the profit function using an appropriate viewing window. (e) Find the output to the nearest thousand cameras that will generate the maximum profit. What is the maximum profit to the nearest thousand dollars? Solve the problem graphically using the maximum command.
The financial department in example
3
, using statistical and analytical techniques (see Matched Problem
7
in Section
2.1
), arrived at the cost function.
c
x
=
156
+
19.7
x
Cost function
Where
C
x
is the cost for manufacturing and selling
x
million cameras.
(a) Using the revenue function from example
3
and the preceding cost function write an equation for the profit function
(b) Find the value of
x
to the nearest thousand cameras that will generate the maximum profit. What is the maximum profit to the nearest thousand dollars? Solve the problem algebraically by completing the square
(c) What is the wholesale price per camera that generates the maximum profit?
(d) Graph the profit function using an appropriate viewing window.
(e) Find the output to the nearest thousand cameras that will generate the maximum profit. What is the maximum profit to the nearest thousand dollars? Solve the problem graphically using the maximum command.
A Survey of Mathematics with Applications (10th Edition) - Standalone book
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.