An aircraft manufacturer wants to determine the best selling price for a new airplane. The company estimates that the initial cost of designing the airplane and setting up the factories in which to build it will be 500 million dollars. The additional cost of manufacturing each plane can be modeled by the function below, where x is the number of aircraft produced and m is the manufacturing cost, in millions of dollars. m(x) = 20x - 5x^3/4 + 0.01x^2
The company estimates that if it charges a price p (in millions of dollars) for each plane, it will be able to sell x(p) = 320 - 7.7p planes.
(a) Find the cost, demand (or price), and revenue functions.
C(x) =
p(x) =
R(x) =
(b) Find the production level that maximizes profit.
Planes =
(c) Find the associated selling price of the aircraft that maximizes profit.
= $ million
(d) Find the maximum profit.
= $ million

maximum profit

Step-by-step explanation:

Given that,

The company estimates that the initial cost of designing the aeroplane and setting up the factories in which to build it will be 500 million dollars.

The additional cost of manufacturing each plane can be modelled by the function.

 Find the cost, demand (or price), and revenue functions.

 Find the production level that maximizes profit.

 Find the associated selling price of the aircraft that maximizes profit.

 Find the maximum profit.

Manufacturing cost of one plane is:

maximum profit

(b) 240

step-by-step explanation:

first, we use the pythagorean formula using the given side lengths to find x. then we use x to find the side lengths. then we add the side lengths to find the perimeter.

pythagorean theorem formula:

a^2 + b^2 = c^2

(x - 20)^2 + (x - 40)^2 = x^2

x^2 - 40x + 400 + x^2 - 80x + 1600 = x^2

x^2 -120x + 2000 = 0

(x - 100)(x - 20) = 0

x - 100 = 0 or x - 20 = 0

x = 100 or x = 20

we see that the solution x = 20 must be discarded because it will give a negative side length and a side length of 0. the only valid solution is x = 100.

perimeter = sum of the lengths of the sides

perimeter = x + x - 20 + x - 40

perimeter = 3x - 60

replace x with 100.

perimeter = 3(100) - 60

perimeter = 300 - 60

perimeter = 240

answer: yes, since the line has a steeper rate of change than the exponential the y-values will be greater and they will only intersect one time.