Chapter 4: Problem 3
Differentiate (a) \(y=x^{2}-x^{3}\) (b) \(y=50-\frac{1}{x^{3}}\)
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Chapter 4: Problem 3
Differentiate (a) \(y=x^{2}-x^{3}\) (b) \(y=50-\frac{1}{x^{3}}\)
These are the key concepts you need to understand to accurately answer the question.
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Plot a graph of each of the following functions over the specified range of values and use these graphs to estimate the coordinates of all of the stationary points. Use calculus to find the exact coordinates of these points. (a) \(y=3 x^{4}-28 x^{3}+84 x^{2}-96 x+30 \quad(0 \leq x \leq 5)\) (b) \(y=x^{4}-8 x^{3}+18 x^{2}-10 \quad(-1 \leq x \leq 4)\) (c) \(y=\frac{x}{x^{2}+1} \quad(-4 \leq x \leq 4)\)
If fixed costs are 15 and the variable costs are \(2 Q\) per unit, write down expressions for \(\mathrm{TC}, \mathrm{AC}\) and \(M C\). Find the value of \(Q\) which minimizes \(A C\) and verify that \(A C=M C\) at this point.
Differentiate $$ y=(5 x+7)^{2} $$ (a) by using the chain rule (b) by first multiplying out the brackets and then differentiating term by term.
Find the output needed to maximize profit given that the total cost and total revenue functions are \(\mathrm{TC}=2 Q \quad\) and \(\quad \mathrm{TR}=100 \ln (Q+1)\) respectively.
The demand function of a good is given by $$ Q=1000 \mathrm{e}^{-0.2 P} $$ If fixed costs are 100 and the variable costs are 2 per unit, show that the profit function is given by \(\pi=1000 P \mathrm{e}^{-0.2 P}-2000 \mathrm{e}^{-0.2 P}-100\) Find the price needed to maximize profit.
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