Asked by Noor
The profit function of a company can be represented by p(x) = x –0.00001x2, where x is unit
sold. Find the optimal sales volume and the amount of profit to be expected at that volume.
sold. Find the optimal sales volume and the amount of profit to be expected at that volume.
Answers
Answered by
oobleck
max p(x) occurs at the vertex of the parabola, which is at
x = -b/2a = 1/0.00002 = 50,000
x = -b/2a = 1/0.00002 = 50,000
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