Chapter 1: Problem 117
A small-appliance manufacturer finds that the profit \(P\) (in dollars) generated by producing \(x\) microwave ovens per week is given by the formula \(P=\frac{1}{10} x(300-x)\) provided that \(0 \leq x \leq 200 .\) How many ovens must be manufactured in a given week to generate a profit of \(\$ 1250 ?\)
Short Answer
Expert verified
50 ovens must be manufactured to generate a profit of $1250.
Step by step solution
01
Write Down the Profit Formula
The profit formula is given as follows: \[ P = \frac{1}{10} x (300 - x) \] where \( P \) is the profit in dollars, and \( x \) is the number of microwave ovens produced.
02
Set Up the Equation
We need to find the value of \( x \) that results in a profit of \( 1250 \). Thus, we set up the equation:\[ \frac{1}{10} x (300 - x) = 1250 \]
03
Clear the Fraction
Multiply both sides of the equation by 10 to eliminate the fraction:\[ x (300 - x) = 12500 \]
04
Expand the Equation
Expand the equation by multiplying \( x \) with \( 300 - x \):\[ 300x - x^2 = 12500 \]
05
Rearrange into a Quadratic Equation
Bring all the terms to one side to set up a quadratic equation:\[ -x^2 + 300x - 12500 = 0 \] This can also be written as:\[ x^2 - 300x + 12500 = 0 \]
06
Solve the Quadratic Equation Using the Quadratic Formula
Use the quadratic formula, where \( a = 1 \), \( b = -300 \), and \( c = 12500 \):\[ x = \frac{-b \pm \sqrt{b^2 - 4ac}}{2a} \]Substitute the values:\[ x = \frac{300 \pm \sqrt{(-300)^2 - 4 \times 1 \times 12500}}{2} \]\[ x = \frac{300 \pm \sqrt{90000 - 50000}}{2} \]\[ x = \frac{300 \pm \sqrt{40000}}{2} \]\[ x = \frac{300 \pm 200}{2} \]
07
Calculate the Possible Values for x
Calculate the two possible values for \( x \):1. \[ x = \frac{300 + 200}{2} = 250 \]2. \[ x = \frac{300 - 200}{2} = 50 \]
08
Select the Appropriate Value for x
The constraint \( 0 \leq x \leq 200 \) means only the solution \( x = 50 \) is valid, as \( x = 250 \) is outside the acceptable range.
Unlock Step-by-Step Solutions & Ace Your Exams!
-
Full Textbook Solutions
Get detailed explanations and key concepts
-
Unlimited Al creation
Al flashcards, explanations, exams and more...
-
Ads-free access
To over 500 millions flashcards
-
Money-back guarantee
We refund you if you fail your exam.
Over 30 million students worldwide already upgrade their learning with 91Ó°ÊÓ!
Key Concepts
These are the key concepts you need to understand to accurately answer the question.
Profit Calculation
Understanding profit calculation is crucial when analyzing a business scenario. In this exercise, our aim is to find the number of microwave ovens that must be manufactured to reach a specific profit, in this case, \(1250. Profit can generally be defined as the difference between total revenue and total cost. In this problem, the profit is given as a function of the number of ovens produced, represented by: \[ P = \frac{1}{10} x (300 - x) \] where:
- \( P \) is the profit in dollars,
- \( x \) is the number of ovens produced.
Polynomial Expansion
A polynomial expansion is a mathematical process where an expression involving a polynomial is rewritten as a sum of its terms. In the context of our exercise, we are dealing with a product involving terms with variables, and we are required to express it in a standard polynomial format.The profit formula provided is \( \frac{1}{10} x (300 - x) \). To solve the equation effectively, we first remove the fraction by multiplying both sides by 10, producing \( x (300 - x) = 12500 \). Next, we perform polynomial expansion:
- Multiply \( x \) by each term in the expression \( (300-x) \) to obtain:
- \[ 300x - x^2 = 12500 \]
Constraint Solving
Constraint solving is a crucial part of any optimization problem. Here, we are asked to find valid solutions within a specified range, which represents our constraint: the number of microwave ovens manufactured must be between 0 and 200.Once we've expanded and rearranged our equation to the quadratic form, \( x^2 - 300x + 12500 = 0 \), solving it using the quadratic formula gives us two potential values for \( x \): 250 and 50.Here's why constraint solving is essential:
- The result \( x = 250 \) does not satisfy our condition \( 0 \leq x \leq 200 \), so it is discarded.
- The only valid solution within the given constraint is \( x = 50 \).