the profit function is given by P= 2X² + 30X – 250, where X units is the quantity and P the total profit. Find the maximum profit and the number of units where the maximum profit occurs. Sketch the...

1 answer below »

the profit function is given by P= 2X² + 30X – 250, where X units is the quantity and P the total profit. Find the maximum profit and the number of units where the maximum profit occurs. Sketch the curve of the profit function

Answered Same DayDec 20, 2021

Answer To: the profit function is given by P= 2X² + 30X – 250, where X units is the quantity and P the total...

Robert answered on Dec 20 2021

112 Votes

P= 2X² + 30X – 250
dP/ dX = 4 X + 30
for maximum or minimum profit dP/dX = 0
 X= -30/4 = -7.5
Min Profit @ x= 7.5
Maximum value of profit @ X= +- inifinity.
X axis = X Y axis = Profit P
0
50
100
150
200
250
300
350
400
450
-1
6
-1
5
-1
4
-1
3
-1
2
-1
1
-1
0...

SOLUTION.PDF

the profit function is given by P= 2X² + 30X – 250, where X units is the quantity and P the total profit. Find the maximum profit and the number of units where the maximum profit occurs. Sketch the...

Answer To: the profit function is given by P= 2X² + 30X – 250, where X units is the quantity and P the total...

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment