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A manufacturing company produces x items at a total cost of ₹ 40 + 2x. Their price is given as p = 120 – x. Find the value of x for which profit is increasing. - Mathematics and Statistics

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प्रश्न

A manufacturing company produces x items at a total cost of ₹ 40 + 2x. Their price is given as p = 120 – x. Find the value of x for which profit is increasing.

योग

उत्तर

Let C be the total cost function.

∴ C = 40 + 2x

Profit = Revenue - Cost

∴ π = R - C

∴ π = 120x - x2 - (40 + 2x)

= 120x - x2 - 40 - 2x

∴ π = `- "x"^2 + 118"x" - 40`

∴ `("d"pi)/"dx" = - 2"x" + 118 = 2(- "x" + 59)`

Since profit π is an increasing function, `("d"pi)/"dx" > 0`

∴ 2(- x + 59) > 0

∴ - x + 59 > 0

∴ 59 > x

∴ x < 59

∴ The profit π is increasing for x < 59.

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Application of Derivatives to Economics
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 4: Applications of Derivatives - Exercise 4.4 [पृष्ठ ११३]

APPEARS IN

बालभारती Mathematics and Statistics 1 (Commerce) [English] 12 Standard HSC Maharashtra State Board
अध्याय 4 Applications of Derivatives
Exercise 4.4 | Q 12.2 | पृष्ठ ११३

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