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Calculus (MindTap Course List)

8th Edition
James Stewart
ISBN: 9781285740621

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Calculus (MindTap Course List)

8th Edition
James Stewart
ISBN: 9781285740621
Textbook Problem

A company operates 16 oil wells in a designated area. Each pump, on average, extracts 240 barrels of oil daily. The company can add more wells but every added well reduces the average daily output of each of the wells by 8 barrels. How many wells should the company add in order to maximize daily production?

To determine

To find:

How many wells should the company add in order to maximize daily production.

Explanation

1) Concept:

By using the formula first find P(w)that is the amount of daily oil production. Production is maximum at value of wfor which P'w=0 and P"(w)<0. Then find the number of wells added.

2) Formula:

Pw=quantity×production

3) Calculation:

If wis the number of wells, then daily increase in wells is (w-16). For each increase of well, the average daily output reduces by 8 barrels

Therefore, the amount of daily oil production for each well is

240-8(w-16)

Simplify,

240-8w+128=368-8w

The total daily oil production Pfor all wells is given by

Pw=quantity×production

Pw=w(368-8w)

Simplify,

Pw=368w-8w2

Differentiate with respect to w

P'

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P-10ESect-3.2 P-11ESect-3.2 P-12ESect-3.2 P-13ESect-3.2 P-14ESect-3.2 P-15ESect-3.2 P-16ESect-3.2 P-17ESect-3.2 P-18ESect-3.2 P-19ESect-3.2 P-20ESect-3.2 P-21ESect-3.2 P-22ESect-3.2 P-23ESect-3.2 P-24ESect-3.2 P-25ESect-3.2 P-26ESect-3.2 P-27ESect-3.2 P-28ESect-3.2 P-29ESect-3.2 P-30ESect-3.2 P-31ESect-3.2 P-32ESect-3.2 P-33ESect-3.2 P-34ESect-3.2 P-35ESect-3.2 P-36ESect-3.3 P-1ESect-3.3 P-2ESect-3.3 P-3ESect-3.3 P-4ESect-3.3 P-5ESect-3.3 P-6ESect-3.3 P-7ESect-3.3 P-8ESect-3.3 P-9ESect-3.3 P-10ESect-3.3 P-11ESect-3.3 P-12ESect-3.3 P-13ESect-3.3 P-14ESect-3.3 P-15ESect-3.3 P-16ESect-3.3 P-17ESect-3.3 P-18ESect-3.3 P-19ESect-3.3 P-20ESect-3.3 P-21ESect-3.3 P-22ESect-3.3 P-23ESect-3.3 P-24ESect-3.3 P-25ESect-3.3 P-26ESect-3.3 P-27ESect-3.3 P-28ESect-3.3 P-29ESect-3.3 P-30ESect-3.3 P-31ESect-3.3 P-32ESect-3.3 P-33ESect-3.3 P-34ESect-3.3 P-35ESect-3.3 P-36ESect-3.3 P-37ESect-3.3 P-38ESect-3.3 P-39ESect-3.3 P-40ESect-3.3 P-41ESect-3.3 P-42ESect-3.3 P-43ESect-3.3 P-44ESect-3.3 P-45ESect-3.3 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