19 Nov 2021
Problem 44a
Page 308
Section 4.6: Optimization Problems
Chapter 4: Applications of Differentiation
Textbook ExpertVerified Tutor
19 Nov 2021
Given information
1. The profit is a maximum.
2. is the cost function
3. is the demand function
Step-by-step explanation
Step 1.
Profit function is given by
Therefore
Now will always give us the local maxima, as with increase in production units the rate of change in profit is supposed to reach a peak and then flatten out.