The maximum profit that a company can make if the profit function is $P(x)=41+24 x-18 x^2$ is :
Answer & explanation
Correct answer: option 3
$P(x)=41+24 x-18 x^2$
differentiating w.r.t x and setting it equal to zero to find critical points
$P'(x)=\frac{d}{d x}\left(41+24 x-18 x^2\right)$
$P'(x)=24-36 x=0$
$\Rightarrow 24=36 x$
$x=24 / 36=2 / 3$
differentiating it again
$P''(x)=\frac{d}{d x}(24-36 x)=-36$
for $x = \frac{2}{3}$
P''(x) < 0
$x = \frac{2}{3}$ → point of maxima
so maximum value of P(x)
$P(\frac{2}{3}) = 41 + 24 × \frac{2}{3}-18×\frac{2×2}{3×3}$
= 41 + 16 - 8
= 41 + 8
= 49