The unit price of x units of a certain product is given by P(x)=(450/x+3)-3. What is the maximum possible revenue when selling x units?
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OpenStudy (anonymous):
Is this a calculus problem?
OpenStudy (anonymous):
\[
P(x) = \frac{450}{x+3}-3
\]
OpenStudy (anonymous):
yes
OpenStudy (anonymous):
Is it a calculus class?
OpenStudy (anonymous):
yes
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OpenStudy (anonymous):
Find the derivative first.
OpenStudy (anonymous):
I found it and got about $332, but I'm not sure.
OpenStudy (anonymous):
Did you get the derivative?
OpenStudy (anonymous):
Yes, -450/(x+3)^2
OpenStudy (kropot72):
The maximum revenue from selling x units is required. Let the revenue be R. To find the revenue from selling x units, we need to multiply the unit price by x, giving:
\[\large R(x)=\frac{450x}{x+3}-3x\ .........(1)\]
Are you with me so far?
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OpenStudy (kropot72):
@kperez128 Are you there?
OpenStudy (anonymous):
yes, I did that
OpenStudy (kropot72):
Now you need find dR/dx. If you have done that what was your result?
OpenStudy (anonymous):
\[\frac{ 450x}{x+3^{2} }+\frac{ 450 }{ x+3}-3\]
OpenStudy (kropot72):
My result of the differentiation of (1) with respect to x is as follows:
\[\large \frac{dR}{dx}=\frac{450(x+3)-450x}{(x+3)^{2}}-3\ .........(2)\]
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