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    Group 10 Tutorial 3

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    Qyla Husna
    The document provides the solution to a profit maximization problem. Given a demand function of p(x) = -2x + 5000 and cost function of C(x) = x^2 + 2000x + 800, it calculates the profit function P(x) and takes its derivative P'(x). Setting P'(x) equal to 0 and solving, it determines that the value of x that maximizes profit is 500.

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    Group 10 Tutorial 3

    Uploaded by

    Qyla Husna
    10 views1 page
    The document provides the solution to a profit maximization problem. Given a demand function of p(x) = -2x + 5000 and cost function of C(x) = x^2 + 2000x + 800, it calculates the profit function P(x) and takes its derivative P'(x). Setting P'(x) equal to 0 and solving, it determines that the value of x that maximizes profit is 500.

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    business mathematics

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    The document provides the solution to a profit maximization problem. Given a demand function of p(x) = -2x + 5000 and cost function of C(x) = x^2 + 2000x + 800, it calculates the profit function P(x) and takes its derivative P'(x). Setting P'(x) equal to 0 and solving, it determines that the value of x that maximizes profit is 500.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    10 views1 page

    Group 10 Tutorial 3

    Uploaded by

    Qyla Husna
    The document provides the solution to a profit maximization problem. Given a demand function of p(x) = -2x + 5000 and cost function of C(x) = x^2 + 2000x + 800, it calculates the profit function P(x) and takes its derivative P'(x). Setting P'(x) equal to 0 and solving, it determines that the value of x that maximizes profit is 500.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    1.

    AQILAH HUSNA BINTI HISAM


    2. NUR ATIKAH BINTI AZAHAR

    01DIB12F1023
    01DIB12F1020

    QUESTION 10:

    Given that the demand function is p(x) = -2x + 5 000, the cost is
    C(x) = x2 + 2 000x + 800, find the value of x which will maximise the
    profit.

    SOLUTION :

    p(x) = -2x + 5 000


    C(x) = x2 + 2 000x + 800
    R(x) = p(x) x x
    =(-2x + 5 000)x
    R(x) =-2x2 + 5 000x
    P(x) = R(x) C(x)
    = -2x2 + 5 000x [x2 + 2 000x + 800]
    = -2x2 + 5 000x x2 2 000x 800
    P(x) = -3x2 + 3 000x + 800
    P`(x) = -6x + 3 000
    When P`(x) = 0 ;
    -6x + 3 000 = 0
    3 000 = 6x
    3 000 = x
    6
    500 = x

    The answer.

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