Question: The function f ( x ) = 2 x 3 - 3 0 x 2 5 4 x 5 has one local minimum and one

The function f(x)=2x3-30x254x5 has one local minimum and one local maximum.
This function has a local minimum at x=
with function value
and a local maximum at x=
with function value
Given the given cost function C(x)=3450130x0.8x2 and the demand function p(x)=390.
Find the production level that will maximize profit.
Question Help:
Video
A baseball team plays in a stadium that holds 54000 spectators. With the ticket price at $9 the average attendance has been 20000. When the price dropped to $6, the average attendance rose to 27000. Assume that attendance is linearly related to ticket price.
What ticket price would maximize revenue?
A baseball team plays in a stadium that holds 54000 spectators. With the ticket price at $9 the average attendance has been 20000. When the price dropped to $6, the average attendance rose to 27000. Assume that attendance is linearly related to ticket price.
What ticket price would maximize revenue?
The function f ( x ) = 2 x 3 - 3 0 x 2 5 4 x 5

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!