Section 14.2 Application of Extrema. Revenue The sale of compact disks of “lesser” performers is...
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Transcript of Section 14.2 Application of Extrema. Revenue The sale of compact disks of “lesser” performers is...
![Page 1: Section 14.2 Application of Extrema. Revenue The sale of compact disks of “lesser” performers is very sensitive to price. If a CD manufacturer charges.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e415503460f94b328af/html5/thumbnails/1.jpg)
Section 14.2 Application of Extrema
![Page 2: Section 14.2 Application of Extrema. Revenue The sale of compact disks of “lesser” performers is very sensitive to price. If a CD manufacturer charges.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e415503460f94b328af/html5/thumbnails/2.jpg)
RevenueThe sale of compact disks of “lesser” performers is very sensitive to price. If a CD manufacturer charges p dollars per CD, where p = 12 – q/8 , then q thousand CDs will be sold.
a) Find the revenue function R(q).b) Find the number of CDs must be sold to maximize
the revenue.c) Find the maximum revenue and price per CD that
produces the maximum revenue.
![Page 3: Section 14.2 Application of Extrema. Revenue The sale of compact disks of “lesser” performers is very sensitive to price. If a CD manufacturer charges.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e415503460f94b328af/html5/thumbnails/3.jpg)
Optimization Problem
1. Assign variables and draw a figure/diagram, if possible.
4. Use the conditions of the problem to write the quantity to be optimized as a function of ONE variable.
5. Find the feasible domain of that function
6. Find the absolute extrema of the function on the specified domain.
2. Write the condition/constrain for the situation
3. Write an equation that relates the quantity to be optimized to other variables.
![Page 4: Section 14.2 Application of Extrema. Revenue The sale of compact disks of “lesser” performers is very sensitive to price. If a CD manufacturer charges.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e415503460f94b328af/html5/thumbnails/4.jpg)
Area
Find the dimensions of the rectangular field of maximum area that can be made from 300 m of fencing material.
125 m
25 m
100 m
50 m
75 m
75 m140 m
10 m
![Page 5: Section 14.2 Application of Extrema. Revenue The sale of compact disks of “lesser” performers is very sensitive to price. If a CD manufacturer charges.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e415503460f94b328af/html5/thumbnails/5.jpg)
Packing Design
A television manufacturing firm needs to design an open-topped box with a square base. The box must hold 32 cu. in. Find the dimensions of a box that can be built with the minimum amount of materials.
![Page 6: Section 14.2 Application of Extrema. Revenue The sale of compact disks of “lesser” performers is very sensitive to price. If a CD manufacturer charges.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e415503460f94b328af/html5/thumbnails/6.jpg)
An open box is to be made by cutting a square from each corner of a 12-in. by 12-in piece of metal and then folding up the sides. What size square should be cut from each corner to produce a box of maximum volume?
Volume
![Page 7: Section 14.2 Application of Extrema. Revenue The sale of compact disks of “lesser” performers is very sensitive to price. If a CD manufacturer charges.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e415503460f94b328af/html5/thumbnails/7.jpg)
A fence must be build to enclose a rectangular area of 20,000 sq. ft. Fencing material costs $2.50 per foot for the two sides facing north and south, and $3.20 per foot for the other two sides. Find the cost of the least expensive fence.
Minimum Cost
![Page 8: Section 14.2 Application of Extrema. Revenue The sale of compact disks of “lesser” performers is very sensitive to price. If a CD manufacturer charges.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e415503460f94b328af/html5/thumbnails/8.jpg)
A Classic Problem
You have 40 feet of fence to enclose a rectangular garden along the side of a barn. What is the maximum area that you can enclose?
x x
40 2x
40 2A x x
240 2A x x
40 4A x
0 40 4x
4 40x
10x 40 2l x
w x 10 ftw
20 ftl
![Page 9: Section 14.2 Application of Extrema. Revenue The sale of compact disks of “lesser” performers is very sensitive to price. If a CD manufacturer charges.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e415503460f94b328af/html5/thumbnails/9.jpg)
A Classic Problem
You have 40 feet of fence to enclose a rectangular garden along the side of a barn. What is the maximum area that you can enclose?
x x
40 2x
40 2A x x
240 2A x x
40 4A x
0 40 4x
4 40x
10x
10 40 2 10A
10 20A
2200 ftA40 2l x
w x 10 ftw
20 ftl