A manufacturer estimates the daily profit (in hundreds of dollars) from producing…

MATHEMATICS · Multi-part · A Level · Mathematics · Differentiation · Differentiation

Problem

A manufacturer estimates the daily profit PP (in hundreds of dollars) from producing qq hundred units of a product according to P(q)={−2q2+16q−15,0≤q≤4,10e−(q−4)+9,4<q≤9.P(q)=\begin{cases} -2q^{2}+16q-15, & 0\le q\le 4,\\ 10e^{-(q-4)}+9, & 4<q\le 9. \end{cases} Assume the factory cannot produce fewer than 00 or more than 99 hundred units per day. (a) Determine every critical value of PP in the open interval (0,9)(0,9). Show your analytical work. (b) Using the candidates from part (a) together with all relevant endpoints or junction points, identify the production level(s) that yield the greatest daily profit. State both the production quantity and the corresponding maximum profit. (c) Interpret your answer in part (b) for the production manager. Specify exactly how many individual units should be produced and the resulting profit in dollars.

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