Solving an Inequality to Determine profit margin

  • Thread starter Thread starter PhysicsAdvice
  • Start date Start date
  • Tags Tags
    Inequality Margin
Click For Summary

Homework Help Overview

The discussion revolves around determining the values of x that yield a positive average profit based on given revenue and cost equations. The subject area includes algebra and inequalities related to profit margins.

Discussion Character

  • Exploratory, Assumption checking

Approaches and Questions Raised

  • The original poster attempts to analyze the profit equation derived from revenue and cost functions, questioning their findings regarding the range of x for positive average profit. Some participants seek clarification on the original question and express concerns about the accuracy of their previous answers.

Discussion Status

The discussion is ongoing, with participants exploring different interpretations of the average profit values. Guidance has been offered regarding the need for clarity in the original question, and there is a recognition of potential discrepancies in the profit calculations.

Contextual Notes

Participants mention specific values of x and their corresponding revenue and cost outcomes, indicating a need to verify calculations and assumptions regarding profitability.

PhysicsAdvice
Messages
37
Reaction score
0
Revenue Equation: R(x)=-x^2+10x Cost Equation: C(x)= 4X+5
Average profit= profit equation, P(x)/x

therefore p(x)= R(x)-C(x)=-x^2+6x-5

(-x^2+6x-5)/x=(-1(x-5)(x-1))/x, I then found that x is positive between 1 and 5, therefore average profit is positive in that range, however, the answer is if x>5, where did I go wrong?

(Picture illustrates the steps not shown)
 

Attachments

  • math.png
    math.png
    4.2 KB · Views: 491
Physics news on Phys.org
I don't see you've done anything wrong so far. You gave the answer. But what is the question??
 
simply, what values of x will produce a positive average profit? I have gotten three questions which I believe to be right wrong in a row now, I believe the answers are off :)
 
PhysicsAdvice said:
simply, what values of x will produce a positive average profit? I have gotten three questions which I believe to be right wrong in a row now, I believe the answers are off :)

They must be. At x=6 I get R=24 and C=29. That doesn't look profitable to me.
 

Similar threads

  • · Replies 5 ·
Replies
5
Views
2K
Replies
4
Views
3K
  • · Replies 4 ·
Replies
4
Views
2K
  • · Replies 3 ·
Replies
3
Views
2K
  • · Replies 9 ·
Replies
9
Views
2K
  • · Replies 4 ·
Replies
4
Views
2K
Replies
7
Views
2K
  • · Replies 2 ·
Replies
2
Views
2K
  • · Replies 15 ·
Replies
15
Views
4K
  • · Replies 4 ·
Replies
4
Views
2K