Manufacturing profit curve

Manufacturing profit curve

Secondary 2
12 marks
TGM Original Questions

Optional extension

A manufacturer’s total profit, in dollars, from \(x\) toys is \(P=30x-180-\dfrac{x^2}{4}\), where \(0\le x\le100\).

The curve is a continuous mathematical model; actual production must be a whole number of toys. For the target profit, give the continuous-model estimates and decide whether an integer production level attains it exactly.

  1. Find the missing table values \(p,q\).[2]
  2. Plot the graph.[2]
  3. Use it or calculation to find
    1. the profit for 45 toys,[2]
    2. the production levels giving \(\$650\) profit,[2]
    3. the production level and total profit at the maximum, and the corresponding profit per toy, and[2]
    4. the profit for 6 toys and its meaning.[2]
\(x\)\(0\)\(10\)\(20\)\(30\)\(40\)\(50\)\(60\)\(70\)\(80\)\(90\)\(100\)
\(P\)-\(180\)\(95\)\(p\)\(495\)\(620\)\(695\)\(q\)\(695\)\(620\)\(495\)\(320\)

For graph readings, give values to the nearest 0.1 unit where an exact value cannot be read from the grid. Use the labelled axes and grid provided.

Solution:

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Answer:(a) \(p=320,q=720\) (c)(i) \(\(663.75\) (ii) \(x\approx43.3,76.7\) (iii) \(60\) toys, \(\)720\) total, \(\(12\) per toy (iv) \(-\)9\), a \(\(9\) loss. No whole-number production gives exactly \(\\)650\). (b) See the completed graph.

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