4.6 Optimization: Day 3: Exercises
4.6 Optimization: Day 3: Exercises
6 Optimization
In this section, our goal is to be able to do the following:
Day 3: Exercises
The following are some exercises on 4.6 Optimization taken from the reference book:
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?
(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?
(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
(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?
(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?
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
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.
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.