The function is
, where
is the sales price of the chip in hundreds of dollars.
(a) Graph the function:
.
(b) Find the optimum price per chip.
\Locate the maximum point in the graph.
\Observe the graph:
\Maximum of the function
is at
.
Maximum is at
.
is the sales price of the chip in hundreds of dollars.
The optimum price per chip is
.
(c) Maximum of the function is at
.
The profit is represented by
and is
at the maximum.
The profit per chip at the optimum price is
.
(a) Graph the function:
.
(b) The optimum price per chip is
.
(c) The profit per chip at the optimum price is
.