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Maxima & Minima · Question 75 of 80

Question 75

MediumOriginal question

A firm sells xx units at ₹(60−2x)(60 - 2x) each, and making them costs ₹(12x+50)(12x + 50). How many units give the largest profit?

Options for question 75

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. Profit P=(60−2x)x−(12x+50)=48x−2x2−50P = (60 - 2x)x - (12x + 50) = 48x - 2x^{2} - 50.

  2. P′=48−4x=0P' = 48 - 4x = 0 at x=12x = 12, and P′′=−4<0P'' = -4 < 0: a maximum.

Worth noting

15 maximises revenue alone, (60−2x)x(60 - 2x)x; the cost per unit pulls the best output lower.

Concept
Maximising profit
Typical time
90 s
Your time
—
The rule this testsApplied problems
Practise this chapter →

Ten questions from Maxima & Minima, at your own pace.

Practise this chapter →

Ten questions from Maxima & Minima, at your own pace.