Solving Optimization Problems - Page 10

  • How do you approach and solve this problem?
  • A commodity has a demand function modeled by p = 122 − 0.5x and a total cost function modeled by C = 50x + 33.75, where x is the number of units. (a) What price yields a maximum profit? (b) When the profit is maximized, what is the average cost per unit
  • Explain how to maximize and minimize optimization?
  • Help regarding this optimization problem to find dimensions?
  • The cost of fuel is running an engine is proportional to the square of the speed in km/h is ₹48 per hour when the speed is 16 kn/h.Other costs amount to ₹300 per hour.Find the most economical speed?