Question: QUESTION FIVE ( 2 0 MARKS ) ( a ) The FrezMore Company has determined that its cost o f producing x refrigerators can b

QUESTION FIVE (20 MARKS)
(a) The FrezMore Company has determined that its cost of producing x refrigerators can be
modeled by
C(x)=2x2+15x+1500,0x200
where xis the number of refrigerators produced each week and C(x) represent the weekly
costin dollars. The company also determines that the price-demand function for the refrig-
erators is
p(x)=-0.3x+460
(i) Determine the revenue function R(x).
(ii) Determine the profit function P(x) for the refrigerators.
(iii) Determine the marginal profit function MP(x).
(iv) Compute MP(50) and interpret the result.
(b) Investigate the behaviour of
f(x)={xifx>0x+1ifx0
asx0. Draw a graph of the function f(x) for xin[-3,3].
(c) When a new product is introduced on the market, sales often follow a pattern of rapid initial
growth followed by some levelling off. For a certain new candy bar, this pattern is modelled
by
S(t)=4000-4000e-0.25t
where S(t)is the number of units sold after t months.
(i) How many units were sold after 2 months?
(ii) Determine limtS(t) and interpret.
(d) Evaluate
x3+5x2-4x2dx.
QUESTION FIVE ( 2 0 MARKS ) ( a ) The FrezMore

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!