Disregard my last post, I figured it out and thanks so much for everyone who helped me. You saved me lots of stress. Thanks.
I took the derivative and solved for it when it was 0. I got 1583.3 for x to maximize profits if anyone was curious.
I multiplied out the whole equation and got -24x2+76,000x+475,000,000 and when i put it in my calculator i get an error "window range". What should i do?
I am a freshman in college and am currently finishing up calculus, my math teacher gave us this problem to work on in groups but since I was gone I am trying to figure out everything by myself and he refuses to help anyone. I have done differentiation but I forget how to do it since it was...
Maximize Profit Equation but how do you maximize profits
I appreciate the help with the equation and I hope to figure out how to maximize profits by myself but at this point it's a trial and error system. I know there must be an easier way to do this. Thanks all.
A model rocket is fired vertically upward from rest. Its acceleration for the first three seconds is a(t)=60t, at which time the fuel is exhausted and it becomes a freely “falling” body. Fourteen seconds after the fuel is exhausted, the rocket’s parachute opens, and the (downward) velocity slows...
An automobile manufacturer finds that 80,000 cars can be sold if each is priced at $12,000. However, the number sold increases by 24 for every $1 decrease in the price. The manufacturer has fixed costs of $45,000,000; in addition, it costs $5,500 to produce each car. How should the cars be...
An automobile manufacturer finds that 80,000 cars can be sold if each is priced at $12,000. However, the number sold increases by 24 for every $1 decrease in the price. The manufacturer has fixed costs of $45,000,000; in addition, it costs $5,500 to produce each car. How should the cars be...