3/17/2010 Print Page - Fiesta 17 | Fall 2009

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ARCHIVE => Archive: AP Calculus => Topic started by: mikim11 on December 08, 2009,
07:07:18 PM

Title: Fiesta 17 | Fall 2009

Post by: mikim11 on December 08, 2009, 07:07:18 PM

Neat Solutions to Fiesta 17 (http://www.scribd.com/full/23893211?

access_key=key-1vdce9gl2qfo8razyvgs) go here.

Problem 1
The quantity demanded x for a product is inversely proprtional to the cube of
the price p for p>1. When the price is $10 per unit, the quantity demanded is
eight units. The initial cost is $100 and the cost per unit is $4. What price will
yield a maximum profit?

We want to maximize:

Continue:

Therefore, $6

Title: Re: Fiesta 17 | Fall 2009

Post by: mikim11 on December 09, 2009, 10:01:41 PM

Problem 4

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3/17/2010 Print Page - Fiesta 17 | Fall 2009

Title: Re: Fiesta 17 | Fall 2009

Post by: mikim11 on December 09, 2009, 10:14:28 PM

Problem 3

90, $8100

Title: Re: Fiesta 17 | Fall 2009

Post by: mikim11 on December 10, 2009, 04:54:57 PM

Problem 2

Instead of maximizing P(x), in this problem, you could maximize P(p).

$110

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3/17/2010 Print Page - Fiesta 17 | Fall 2009
Title: Re: Fiesta 17 | Fall 2009
Post by: ychung10 on December 13, 2009, 08:40:15 PM

I get until

but not quite sure with the process from to

Title: Re: Fiesta 17 | Fall 2009

Post by: instructor on December 13, 2009, 08:49:09 PM
Q uote from : ychung10 on De ce m be r 13, 2009, 08:40:15 PM

I ge t until

but not quite sure with the proce ss from to

If you set it equal to zero after factoring a , the price level ends up being 110,
since is nonzero in the problem.

Title: Re: Fiesta 17 | Fall 2009

Post by: jchoi12 on December 15, 2009, 08:58:06 PM

wouldn't it be easier to set the equation like this?

since we know what x is..

and just get the derivative of it.

Title: Re: Fiesta 17 | Fall 2009

Post by: instructor on December 15, 2009, 10:14:23 PM

jchoi, that's exactly what mikim did above. read his work please.

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