/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Problem 20 Find the value of \(x\) that max... [FREE SOLUTION] | 91Ó°ÊÓ

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Find the value of \(x\) that maximizes \(y=12+18 x-5 x^{2}\) and the corresponding value of \(y,\) by. (a) Estimating the values from a graph of \(y\) (b) Finding the values using calculus.

Short Answer

Expert verified
The maximum value of \(y\) occurs at \(x = 1.8\), and the maximum \(y\) is 28.2.

Step by step solution

01

Understanding the Maximization Problem

The function given is a quadratic function of the form \(y = 12 + 18x - 5x^2\). To find the maximum value, we need to determine where the vertex of the parabola lies because a quadratic function either opens upwards or downwards. Here, it opens downward as indicated by the negative coefficient of \(x^2\) (--5).
02

Estimating Values from a Graph (Part a)

Graph the function \(y = 12 + 18x - 5x^2\) on a coordinate plane. Observing the graph, identify the maximum point of the parabola, which would appear at the vertex. From the visual inspection of the graph, estimate the value of \(x\) where \(y\) is maximum, and read the corresponding \(y\) value at this point. Since visual inspection isn't precise, use the calculated values for accuracy.
03

Calculus Approach to Find Maximum (Part b)

To find the maximum using calculus, establish the function \(y = 12 + 18x - 5x^2\) and take its derivative concerning \(x\): \(y' = \frac{dy}{dx} = 18 - 10x\). Set the derivative equal to zero to find the critical points: \(18 - 10x = 0\). Solve for \(x\) to get \(x = 1.8\).
04

Finding the Corresponding Maximum Value of y

Substitute \(x = 1.8\) into the original function to find the maximum \(y\) value: \(y = 12 + 18(1.8) - 5(1.8)^2 = 28.2\).
05

Confirming the Maximum

Verify the critical point is a maximum by checking the second derivative: \(y'' = -10\), which is less than zero, confirming the parabola opens downward and \(x = 1.8\) is indeed a maximum.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Quadratic Function
A quadratic function is a polynomial function that can be expressed in the form \( y = ax^2 + bx + c \). The graph of a quadratic function is a parabola. Understanding the shape and position of this parabola is crucial for solving optimization problems involving quadratic functions. A positive \( a \) makes the parabola open upwards, like a cup, whereas a negative \( a \) makes it open downwards, like an arch.
In our exercise, the function given is \( y = 12 + 18x - 5x^2 \), which is in the standard quadratic form. Here, \( a = -5 \), \( b = 18 \), and \( c = 12 \) are constants. The negative value of \( a \) tells us that the graph of this parabola opens downward, indicating that it will have a maximum point.
The solutions from the quadratic function are key to many engineering, physics, and business problems, where you often need to find maximum or minimum values.
Derivative
The derivative of a function gives us the rate of change of the function with respect to one of its variables, often represented as \( y' \) or \( \frac{dy}{dx} \). For a quadratic function like \( y = 12 + 18x - 5x^2 \), the derivative provides a linear representation of our original function’s behavior.

Finding the Derivative

To find the derivative of \( y \), apply the power rule to each term:
  • The derivative of 12 is 0, as constants have no slope.
  • The derivative of \( 18x \) is 18, since the exponent 1 becomes the coefficient.
  • The derivative of \( -5x^2 \) is \( -10x \), following the rule that brings the power in front and subtracts one from the exponent.
Thus, the derivative \( y' = 18 - 10x \). This equation helps us find the slope of the original function at any point \( x \).
To solve optimization problems, set the derivative equal to zero to find critical points where the function may reach a maximum or minimum.
Vertex of a Parabola
The vertex of a parabola is the point where the curve changes direction, marking the highest or lowest point of the parabola, depending on its orientation. For a quadratic function \( y = ax^2 + bx + c \) that opens upwards or downwards, the vertex formula is crucial for finding this point.
For our given function \( y = 12 + 18x - 5x^2 \), it opens downward, indicating the vertex will provide a maximum point. The formula to find the \( x \)-coordinate of the vertex is given by \( x = -\frac{b}{2a} \).
Plugging in the values from our function, we have:\[x = -\frac{18}{2(-5)} = 1.8\]This \( x \)-value tells us where on the x-axis the vertex lies. To find the \( y \)-value of the vertex, substitute \( x = 1.8 \) back into the original equation:\[y = 12 + 18(1.8) - 5(1.8)^2 = 28.2\]This coordinates \( (1.8, 28.2) \) represent the vertex, confirming it is the maximum point in the given parabola.
Second Derivative Test
The second derivative test helps confirm whether a critical point found using the first derivative is a maximum, minimum, or a point of inflection. For a function \( y \), the second derivative is represented as \( y'' \) or \( \frac{d^2y}{dx^2} \).
To apply the second derivative test, calculate \( y'' \) first. For our function \( y = 12 + 18x - 5x^2 \), we previously found \( y' = 18 - 10x \). Differentiating this again gives us:\[y'' = -10\]The constant \(-10\) is the second derivative, indicating a constant downward curvature without any change as \( x \) changes.
  • If \( y'' < 0 \), the function is concave down, confirming that the critical point is a maximum.
  • If \( y'' > 0 \), the function would have been concave up, indicating a minimum.
In our exercise, \( y'' = -10 \) implies the function is always concave down, ensuring that the point at \( x = 1.8 \) is indeed a maximum point. Using this test provides additional verification of our findings from the first derivative.

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Most popular questions from this chapter

A manufacturing process has marginal costs given in the table; the item sells for \(\$ 30\) per unit. At how many quantities, \(q,\) does the profit appear to be a maximum? In what intervals do these quantities appear to lie? $$\begin{array}{r|r|r|r|r|r|r|r} \hline q & 0 & 10 & 20 & 30 & 40 & 50 & 60 \\ \hline \text { MC (S/unit) } & 34 & 23 & 18 & 19 & 26 & 39 & 58 \\ \hline \end{array}$$

Show that a demand equation \(q=k / p^{r},\) where \(r\) is a positive constant, gives constant elasticity \(E=r\)

A company estimates that the total revenue, \(R\), in dollars, received from the sale of \(q\) items is \(R=\ln \left(1+1000 q^{2}\right)\) Calculate and interpret the marginal revenue if \(q=10\)

(a) If the demand equation is \(p q=k\) for a positive constant \(k,\) compute the elasticity of demand. (b) Explain the answer to part (a) in terms of the revenue function.

School organizations raise money by selling candy door to door. The table shows \(p,\) the price of the candy, and \(q\) the quantity sold at that price. $$ \begin{array}{c|c|c|c|c|c|c|c} \hline p & \$ 1.00 & \$ 1.25 & \$ 1.50 & \$ 1.75 & \$ 2.00 & \$ 2.25 & \$ 2.50 \\\ \hline q & 2765 & 2440 & 1980 & 1660 & 1175 & 800 & 430 \\ \hline \end{array} $$ (a) Estimate the elasticity of demand at a price of \(\$ 1.00\). At this price, is the demand elastic or inelastic? (b) Estimate the elasticity at each of the prices shown. What do you notice? Give an explanation for why this might be so. (c) At approximately what price is elasticity equal to \(1 ?\) (d) Find the total revenue at each of the prices shown. Confirm that the total revenue appears to be maximized at approximately the price where \(E=1\)

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