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Math 211 Business Calculus Applications of Derivatives

Math 211 Business Calculus Applications of Derivatives

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– p. 21/34<br />

Maximize Pr<strong>of</strong>it Example<br />

The revenue for sellingxthousand units <strong>of</strong> a product<br />

is approximated by<br />

R(x) = −0.05x 2 +2x+60<br />

and the cost for producingxthousand units is<br />

approximated by<br />

C(x) = 1.5x+20<br />

What level <strong>of</strong> sales maximizes pr<strong>of</strong>it<br />

Solution: R ′ (x) = −0.1x+2 and C ′ (x) = 1.5

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