Introduction to a Profit (Revenue) Problem
Minimizing the Cost of Surface Area of Cylinder
The cost, in dollars, to produce x
litres of maple syrup festival is C(x) = 75(\sqrt{x} -10)
, where x \geq 400
.
The cost, in dollars, to produce x
litres of maple syrup festival is C(x) = 75(\sqrt{x} -10)
, where x \geq 400
.
C'(x)
, and the marital revenue is R'(x)
. Marginal cost at x
litres is the expected change in cost if we were to produce one additional litre of syrup. Similarly for marginal revenue. What is the marginal cost at 1225 L?The cost, in dollars, to produce x
litres of maple syrup festival is C(x) = 75(\sqrt{x} -10)
, where x \geq 400
.
\$0.50/L
?A sociologist determines that a foreign-language student has learned N(t) = 20t - t^2
vocabulary terms after t
hours of uninterrupted study.
t = 2
and t =3
?A sociologist determines that a foreign-language student has learned N(t) = 20t - t^2
vocabulary terms after t
hours of uninterrupted study.
t = 2
?A sociologist determines that a foreign-language student has learned N(t) = 20t - t^2
vocabulary terms after t
hours of uninterrupted study.
A researcher found that the level of antacid in a person's stomach, t
minutes after a certain brand of antacid tablet is taken, is L(t) = \displaystyle{\frac{6t}{t^2 + 2t + 1}}
.
t
for which L'(t) = 0
.A researcher found that the level of antacid in a person's stomach, t
minutes after a certain brand of antacid tablet is taken, is L(t) = \displaystyle{\frac{6t}{t^2 + 2t + 1}}
.
Determine L(1)
A researcher found that the level of antacid in a person's stomach, t
minutes after a certain brand of antacid tablet is taken, is L(t) = \displaystyle{\frac{6t}{t^2 + 2t + 1}}
.
i) Using your graphing calculator, graph L(t)
.
ii) From the graph, what can you predict about the level of antacid in a person's stomach after 1 min?
iii) What is happening to the level of antacid in person's stomach from 2\leq t \leq 8
.
The operating cost, C
, in dollars per hour, for an airplane cursing at a height of h metres and an air speed of 200 km/h is given by C = 4000 + \displaystyle{\frac{h}{15}} + \displaystyle{\frac{15 000 000}{h}}
for the domain 1000 \leq h \leq 20 000
. Determine the height at which the operating cost is at a minimum, and find the operating cost per hour at this height.
A rectangular piece of land is to be fenced using two kinds of fencing. Two opposite sides will be fenced using standard fencing that costs $6/m, while the other two sides will require heavy-duty fencing that costs $9/m. What are the dimensions of the rectangular lot of greatest area that can be fenced for a cost of $9000?
A real estate office manages 50 apartments in a downtown building. When the rent is $900 per month, all the units are occupied. for every $25 increase in rent, one unit becomes vacant. On average, all units require $75 in maintenance and repairs each month . How much rent should the real testate office charge to maximize profits?
A bus service carries 10 000 people daily between Ajax and Union Station, and the company has space to serve up to 15 000 people per day. The cost to ride the bus is \$20
. Market research shows that if the fare increases by \$0.50
, 200 fewer people will ride the bus.
What fare should be charged to get the maximum revenue, given that the bus company must have at least \$130 000
in fares a day to cover operating costs?
The fuel cost per hour for running a ship is approximately one half the cube of the speed (measured in knots) plus additional fixed costs of $216 per hour. Find the most economical speed to run the ship for a 500 M (nautical mile) trip. Note: Assume that there are no major disturbances, such as heavy tides or stormy seas.
The cost of producing an ordinary cylindrical tin can is determined by the materials used for the wall and the end pieces. If the end pieces are twice as expensive per square centimetre as the wall, find the dimensions (to the nearest millimetre) to make a 1000 cm^3
can at minimal cost.
Sandy is making a closed rectangular jewellery box with a square base from two different woods. The wood for the top and bottom costs 20/m^2
. The wood for the sides costs 30/m^2
. Find the dimensions that will minimize the cost of the wood for a volume of 4000 $
cm^3
.
An electronics store is selling personal CD players. The regular price for each CD player is $90. During a typical two weeks, the store sells 50 units. Past sales indicate that for every \$1
decrease in price, the store sells five more units during two weeks. Calculate the price that will maximize revenue.
A professional basketball team plays in an arena that holds 20 000 spectators. Average attendance at each game has been 14 000. The average ticket price is \$75
. Market research shows that for each \$5
reduction in the ticket price, attendance increases by 800. Find the price that will maximize revenue.