Date: MATH 1100-2 - Spring 2002
To find the absolute maximum and minimum we compare the values of
at the critical values and the values at the endpoints of the
interval. The highest value is the absolute maximum and the lowest
the absolute minimum. From Table 1 we conclude that the
maximum happens for
and the minimum is
.
But,
is not an integer! So we check the two closest
integers to see which one has the higher value:
and
. Then we conclude that the maximum profit is
, which happens when the production level is
.
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There is a relation between
and
: if
plates are used and
press impressions can be made per hour, in order to produce
posters,
press hours are
needed. That is:
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All together, the cost function becomes:
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Now, we want to find the critical values of
.
, so that
means that
, which says that
. Since
cannot be negative, the only interesting critical
value is
.
We use the second derivative test to check if
is a local
minimum:
. Then,
,and
is a local minimum, as we wanted.
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To detect horizontal asymptotes we have to compute:
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To detect horizontal asymptotes we have to compute:
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