Donut Delights, Inc. has determined that when x donuts are made daily, the profit P is given by P(x) = –0.001 x^2 + 2.9x – 1000 How many donuts should be made daily in order to maximize the company’s profit? Show work.
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OpenStudy (anonymous):
at the maximum point the slope of the profit is zero
OpenStudy (anonymous):
help me plz
OpenStudy (anonymous):
i gave you a hint..can you try doing it now?
OpenStudy (anonymous):
ur losing me im still confused.
OpenStudy (anonymous):
ok..do you know how to calculate the derivative or slope of a function?
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OpenStudy (anonymous):
yes
OpenStudy (anonymous):
and do you know that whenever a function is minimum or aximum, the slope is equal to zero?
OpenStudy (anonymous):
?
OpenStudy (anonymous):
yes according to chapter 7 of my textbook
OpenStudy (anonymous):
:)
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OpenStudy (anonymous):
so do you want to go into why that happens or can we continue frm here?
OpenStudy (anonymous):
i prefer to the point.
OpenStudy (anonymous):
simplify this for me plz
OpenStudy (anonymous):
see..so you know..to maximise the profit..u need to set its derivative to zero
OpenStudy (anonymous):
ok?
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OpenStudy (anonymous):
k
OpenStudy (anonymous):
so set ur derivative of P(x) to zero, what value of x do u get?
OpenStudy (anonymous):
( 0 ) ?
OpenStudy (anonymous):
what is the derivative of P(x)
OpenStudy (anonymous):
Oh that must be like p(x)= p(x+h) - p (x)/ h
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