Chapter 11: Problem 67
Twice a number added to its reciprocal is nonnegative. Find the numbers. The total profit function \(P(x)\) for a company producing \(x\) thousand units is given by $$ P(x)=-2 x^{2}+26 x-44 $$ Find the values of \(x\) for which the company makes a profit. [Hint: The company makes a profit when \(P(x)>0 .]\)
Short Answer
Step by step solution
Set Up the Inequality
Solve the Quadratic Equation
Calculate the Roots
Determine the Sign Intervals
Test Sign on Intervals
Conclusion
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Key Concepts
These are the key concepts you need to understand to accurately answer the question.
Profit Function
For the given problem, the profit function is \(P(x) = -2x^2 + 26x - 44\). Here, \(x\) denotes the number of units (in thousands), and the quadratic nature of the profit function typically implies that the profit will increase up to a certain point and then decrease.
- Coefficient Analysis: The term \(-2x^2\) indicates that the profit function opens downwards. This signifies there is a ceiling to how much profit can be made by continuously increasing production.
- Interpretation of Terms: Each part of the function \(-2x^2\), \(26x\), and \(-44\) has its role—where \(-2x^2\) represents the marginal decreasing profitability beyond certain production, \(26x\) represents linear gains with increased units, and \(-44\) could represent fixed costs.
Quadratic Equation
The quadratic formula is a reliable method to solve these equations:
- \(x = \frac{-b \pm \sqrt{b^2 - 4ac}}{2a}\)
This formula calculates the roots of the quadratic equation by plugging in coefficients from the equation: \(a = -2\), \(b = 26\), and \(c = -44\).
The quadratic equation provides a mathematical foundation for determining the behavior of the profit function over different production levels.
Interval Testing
Applying this method involves:
- Identifying Intervals: Use the roots, \(x = 2\) and \(x = 11\), to divide the number line into intervals: \((-\infty, 2)\), \((2, 11)\), and \((11, \infty)\).
- Testing Values: Select a test value from each interval to substitute back into the profit function \(P(x) = -2x^2 + 26x - 44\) to check the sign.
For instance:- \(x = 1\) from \((-\infty, 2)\) yields \(P(1) = -20\), which shows profit is negative.
- \(x = 5\) from \((2, 11)\) yields \(P(5) = 16\), indicating a positive profit.
- \(x = 12\) from \((11, \infty)\) results in \(P(12) = -32\), identifying a negative profit.