document.write( "Question 161544: I'm having a hard time setting up this equation...
\n" );
document.write( "A manufacturer finds that for the first 300 units of its product that are produced and sold, the profit is $60 per unit. The profit on each of the units beyond 300 is decreased by $0.10 times the number of additional units sold. What level of output will maximize profit?\r
\n" );
document.write( "\n" );
document.write( "I can solve these when I am givin the function but I need help setting this one up. Then I will be more well equipped to solve these in the future.\r
\n" );
document.write( "\n" );
document.write( "Thanks to all the tutors out there, your help is greatly appreciated. \n" );
document.write( "
Algebra.Com's Answer #119010 by Alan3354(69443)![]() ![]() You can put this solution on YOUR website! A manufacturer finds that for the first 300 units of its product that are produced and sold, the profit is $60 per unit. The profit on each of the units beyond 300 is decreased by $0.10 times the number of additional units sold. What level of output will maximize profit? \n" ); document.write( "------------ \n" ); document.write( "For the 1st 300, Profit = 300*60 \n" ); document.write( "For all over 300, the profit is $60 - $0.10 times the number sold, = $60 - $0.10*(x-300). \n" ); document.write( "-------- \n" ); document.write( "Overall then, \n" ); document.write( "Profit = 300*60 + (x-300)*(60 - 0.1(x-300)) \n" ); document.write( "P = 18000 + (x-300)*(60 - 0.1x + 30) \n" ); document.write( "P = 18000 + (x-300)*(-0.1x + 90) \n" ); document.write( "P = 18000 -0.1x^2 + 120x - 27000 \n" ); document.write( "P = -0.1x^2 + 120x - 9000 \n" ); document.write( "--------- \n" ); document.write( "To find the max, set the 1st derivative = 0 \n" ); document.write( "0 = -0.2x + 120 \n" ); document.write( "0.2x = 120 \n" ); document.write( "x = 600 \n" ); document.write( " \n" ); document.write( " |