11-106 CHAPTER 11: GRAPHING AND OPTIMIZATION
63. Cost: C(x) = 200 + 50x – 50 ln x, x ≥ 1
Average cost: C = () 200Cx
x
+ 50 – 50
ln x, x ≥ 1
C′(x) = 2
200 50 1
x
x
+ (ln x)2
50
= 2
50(ln 5)x
x
, x ≥ 1
Critical value(s): C′(x) = 2
50(ln 5)x
= 0
64. R(x) = xp(x) = 1,000xe–0.02x
R′ (x) = 1,000x · e–0.02x (–0.02) + 1,000e–0.02x = (1,000 – 20x)e–0.02x
R′ (x) = 0: (1,000 – 20x)e–0.02x = 0
Since x = 50 is the only critical value and R′ ′ (50) < 0, R has an absolute maximum at a production level
of 50 units. The maximum revenue is R(50) = 1,000(50)e–0.02(50) = 50,000e–1 ≈ $18,394.
65. R(x) = 1,000xe–0.02x, 0 ≤ x ≤ 100
Step 1:
Analyze R(x):
(A) Domain: 0 ≤ x ≤ 100 or [0, 100]