Question
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The cost, in dollars, to produce \( x \) designer dog leashes is \( C(x)=9 x+6 \), and the price-demand function, in dollars per leash, is \( p(x)=105-4 x \) Find the profit function. \( P(x)= \) Find the number of leashes which need to be sold to maximize the profit. Select an answer

Ask by Mann Brewer. in the United States
Mar 10,2025

Upstudy AI Solution

Tutor-Verified Answer

Answer

The profit function is \( P(x) = -4x^2 + 96x - 6 \). To maximize profit, 12 leashes need to be sold.

Solution

We start by finding the revenue function. The revenue \( R(x) \) is the product of the number of units sold and the price per unit. Given that the price-demand function is \[ p(x)=105-4x, \] the revenue function is \[ R(x)=x\cdot p(x)=x(105-4x)=105x-4x^2. \] The profit function \( P(x) \) is defined as revenue minus cost. Since the cost function is \[ C(x)=9x+6, \] the profit function becomes \[ P(x)=R(x)-C(x)= (105x-4x^2) - (9x+6). \] Simplify the expression: \[ P(x)=105x-4x^2-9x-6= -4x^2+96x-6. \] Thus, the profit function is \[ P(x)=-4x^2+96x-6. \] To find the number of leashes that need to be sold to maximize the profit, we identify the vertex of the quadratic function \( P(x) \). For a quadratic function in the form \[ P(x)=ax^2+bx+c, \] the vertex occurs at \[ x=-\frac{b}{2a}. \] Here, \( a=-4 \) and \( b=96 \). Substitute these values: \[ x=-\frac{96}{2(-4)}=-\frac{96}{-8}=12. \] Thus, the profit is maximized when \( x=12 \) dog leashes are sold. Final answers: \[ P(x) = -4x^2+96x-6, \quad x=12. \]

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Beyond the Answer

To find the profit function, we use the formula \( P(x) = R(x) - C(x) \), where \( R(x) \) is the revenue function and \( C(x) \) is the cost function. The revenue \( R(x) \) is given by \( R(x) = p(x) \cdot x = (105 - 4x)x = 105x - 4x^2 \). Therefore, the profit function is: \[ P(x) = R(x) - C(x) = (105x - 4x^2) - (9x + 6) = -4x^2 + 96x - 6. \] To maximize profit, we find the vertex of this quadratic function. The x-coordinate of the vertex is given by \( x = -\frac{b}{2a} \), where \( a = -4 \) and \( b = 96 \): \[ x = -\frac{96}{2 \cdot -4} = 12. \] Thus, the number of leashes which need to be sold to maximize the profit is 12.

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