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Question 8
A company makes and sells fibre optic cable. It can sell, at most, 200 kilometres of cable in a week. For a certain range of its production the company has found tha... show full transcript
Step 1
Step 2
Answer
Set the profit function equal to €8350:
Rearranging gives:
Using the quadratic formula, we can calculate:
where , , and . Calculating the discriminant:
Continuing with the quadratic formula:
Thus, the roots are:
Calculating, we find:
Therefore, the company sold 45 km of cable.
Step 3
Step 4
Answer
From the graph, you would locate the points where the profit intersects with €10,000 and €14,000.
For €10,000, the lower range (approx.) is at km and the upper range at km.
For €14,000, the ranges can be roughly estimated via similar graph observations and would be around km to km.
Step 5
Answer
First, differentiate the profit function:
Set this equal to €105 (the rate of increase in profit):
Solving for gives:
Thus, the number of kilometres of cable sold when the profit is increasing at €105 per km is 85 km.
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