Maximum Revenue Question
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Maximum Revenue Question

[From: ] [author: ] [Date: 11-04-24] [Hit: ]
then differentiate.. . . set the derivative to zero to find the value of x that maximizes R.-what you are asked is the get the maximum value of the revenue which is calculated by1/2 x + (40-5x)/(10-x) (this is 1/2 x + y)you can take its first derivative and then let the first derivative to be 0 and solve for xthe answer is x=5.......

Revenue(R) = quantity of regular steel * ($S/2) + quantity of super steel *($S)
= x * S/2 + 40-(5x/10-x) * S
you can assume the price S = $2 and S/2 = $1

For y is it y= 40-(5x/10-x) or (40-5x)/(10-x)?

But do you think you can solve now?

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Is that
y = 40 - 5x / 10 - x
y = (40 - 5x) / (10 - x)
y = 40 - 5x / (10 - x)

Revenue (R) = tonage * price
Let price of regular = 1 ... price of super = 2

R = x + 2 y
. . . sub for y from the given equations, then differentiate.
. . . set the derivative to zero to find the value of x that maximizes R.

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what you are asked is the get the maximum value of the revenue which is calculated by
1/2 x + (40-5x)/(10-x) (this is 1/2 x + y)
you can take its first derivative and then let the first derivative to be 0 and solve for x
the answer is x=5.53
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