Question: Q 1 ( 4 0 % ) Write a Python program that solves the problem. You could make t continuous. EXERCISE 8 . 3 A
Q Write a Python program that solves the problem. You could make continuous.
EXERCISE A small manufacturing company has purchased a new machine to
manufacture its product. The company estimates that the revenues from using this
machine for years is given by the formula:
Revenue
where the units are in millions of dollars. For example, if the machine is used for
years, the revenue would be:
Revenue $ million.
If the company stops using the machine, they can sell the machine for its salvage
value. The company estimates that if they sell the machine after years of use, the
machine's salvage value would be
Salvage value
where again the units are in millions of dollars. For example, if the machine is sold
after years, the salvage value would be:
Salvage value $ million.
What is the optimal time for the company to sell the machine?
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