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4.6 Optimization: Day 3: Exercises

The document discusses optimization problems and their solutions. It provides 18 exercises involving finding dimensions of shapes to maximize or minimize areas or perimeters given constraints. It also provides 7 word problems involving maximizing revenue or profit by varying price or production for companies. The key gives the step-by-step workings and solutions for each problem.

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Anne Nicole Garcia
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76 views4 pages

4.6 Optimization: Day 3: Exercises

The document discusses optimization problems and their solutions. It provides 18 exercises involving finding dimensions of shapes to maximize or minimize areas or perimeters given constraints. It also provides 7 word problems involving maximizing revenue or profit by varying price or production for companies. The key gives the step-by-step workings and solutions for each problem.

Uploaded by

Anne Nicole Garcia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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4.

6 Optimization
In this section, our goal is to be able to do the following:

1. Relate the concept of Absolute Extrema to Optimization

2. Use Absolute Extrema in the procedure of solving optimization problems

3. Deduce the function to be optimized given an optimization problem

4. Solve optimization problems of different types:

(a) Maximizing area, perimeter, or similar problems


(b) Maximizing revenue or profit

Day 3: Exercises

The following are some exercises on 4.6 Optimization taken from the reference book:

9. Find two numbers whose sum is 13 and whose product is a maximum.

10. Find two numbers who sum is 19 and whose product is a maximum.

11. Find two numbers whose difference is 13 and whose product is a minimum.

12. Find two numbers whose difference is 19 and whose product is a minimum.

13. Find two positive numbers whose product is 13 and whose sum is a minimum.

14. Find two positive numbers whose product is 19 and whose sum is a minimum.

15. Find the dimensions of a rectangle with an area of 200 square feet that has the minimum
perimeter.

16. Find the dimensions of a rectangle with an area of 108 square feet that has the minimum
perimeter.

17. Find the dimensions of a rectangle with a perimeter of 148 feet that has the maximum
area.

18. Find the dimensions of a rectangle with a perimeter of 76 feet that has the maximum
area.
19. Maximum Revenue and Profit
A company manufactures and sells x smartphones per week. The weekly
price-demand and cost equations are, respectively,
p = 500 − 0.4x and C(x) = 20, 000 + 20x

(A) What price should the company charge for the phones, and how many
phones should be produced to maximize the weekly revenue? What is
the maximum weekly revenue?

(B) What is the maximum weekly profit? How much should the company
charge for the phones, and how many phones should be produced to
realize the maximum weekly profit?

20. Maximum Revenue and Profit


A company manufactures and sells x cameras per week. The weekly price-
demand and cost equations are, respectively,
p = 400 − 0.5x and C(x) = 2, 000 + 200x

(A) What price should the company charge for the cameras, and how many
cameras should be produced to maximize the weekly revenue? What
is the maximum weekly revenue?

(B) What is the maximum weekly profit? How much should the company
charge for the cameras, and how many cameras should be produced to
realize the maximum weekly profit?

21. Maximum Revenue and Profit


A company manufactures and sells x television sets per week. The monthly
cost and price-demand equations are, respectively,
x
C(x) = 72, 000 + 60x and p = 200 − 30 , 0 ≤ x ≤ 6000

(A) Find the maximum revenue.

(B) Find the maximum profit, the production level that will realize the
maximum profit, and the price the company should charge for each
television set.

(C) If the government decides to tax the company $5 for each set it pro-
duces, how many sets should the company manufacture each month to
maximize its profit? What is the maximum profit? What should the
company charge for each set?
22. Maximum Revenue and Profit
Repeat Problem 21 for
x
C(x) = 60, 000 + 60x and p = 200 − 50
, 0 ≤ x ≤ 10000

25. Maximum Revenue


A deli sells 640 sandwiches per day at a price of $8 each.
(A) A market survey shows that for every $0.10 reduction in price, 50
more sandwiches will be sold. How much should the deli charge for a
sandwich in order to maximize revenue?

(B) A different market survey shows that for every $0.20 reduction in the
original $8 price, 15 more sandwiches will be sold. Now how much
should the deli charge for a sandwich in order to maximize revenue?

26. Maximum Revenue


A university student center sells 1,600 cups of coffee per day at a price of
$2.40
(A) A market survey shows that for every $0.05 reduction in price, 50 more
cups of coffee will be sold. How much should the student center charge
for a cup of coffee in order to maximize revenue?

(B) A different market survey shows that for every $0.10 reduction in the
original $2.40 price, 60 more cups of coffee will be sold. Now how
much should the student center charge for a cup of coffee in order to
maximize revenue?

27. Car Rental


A car rental agency rents 200 cars per day at a rate of $30 per day. For
each $1 increase in rate, 5 fewer cars are rented. At what rate should the
cars be rented to produce the maximum income? What is the maximum
income?

28. Rental Income


A 300-room hotel in Las Vegas is filled to capacity every night at $80 a
room. For each $1 increase in rent, 3 fewer rooms are rented. If each rented
room costs $10 to service per day, how much should the management charge
for each room to maximize gross profit? What is the maximum gross profit?
29. Agriculture

A commercial cherry grower estimates from past records that if 30 trees


are planted per acre, then each tree will yield an average of 50 pounds of
cherries per season. If, for each additional tree planted per acre (up to 20),
the average yield per tree is reduced by 1 pound, how many trees should
be planted per acre to obtain the maximum yield per acre? What is the
maximum yield?

30. Agriculture

A commercial pear grower must decide on the optimum time to have fruit
picket and sold. If the pears are picked now, they will bring 30 cents per
pound, with each tree yielding an average of 60 pounds of salable pears.
If the average yield per tree increases 6 pounds per tree per week for the
next 4 weeks, but the price drops 2 cents per pound per week, when should
the pears be picked to realize the maximum return per tree? What is the
maximum return?

Answer Key:
√ √
9. 6.5 & 6.5 14. 19 & 19
√ √
10. 9.5 & 9.5 15. x = 10 2 & y = 10 2
√ √
11. -6.5 & 6.5 16. x = 6 3 & y = 6 3

12. -9.5 & 9.5 17. x = 37 & y = 37


√ √
13. 13 & 13 18. x = 19 & y = 19

19. (A) Maximum revenue is $156,250 when 625 phones are produced and sold for $250 each.
(B) Maximum profit is $124,000 when 600 phones are produced and sold for $260 each.

21. (A) Maximum revenue is $300,000


(B) Maximum profit is $75,000 when 2,100 sets are manufactured and sold for $130 each.
(C) Maximum profit is $64,687.50 when 2,025 sets are manufactured and sold for $132.50
each.

25. (A) The deli should charge $4.80 per sandwich in order to maximize revenue.
(B) The deli should charge $8 per sandwich in order to maximize revenue.

27. The car rental agency should rent cars at a rate of $35 per day to achieve a maximum
income of $6,125.

29. 40 trees should be planted per acre to obtain the maximum yield of 1,600 pounds.

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