Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Calculus

Question:

The total cost function is given by $C(x) = \frac{1}{3}x^3-5x^2 + 30x - 15$ and selling price per unit is Rs. 6. The profit is maximum if the value of $x$ is:

Options:

$x = 4$

$x = 6$

$x =5$

$x = 10$

Correct Answer:

$x = 6$

Explanation:

The correct answer is Option (2) → $x = 6$ **

$C(x)=\frac{1}{3}x^{3}-5x^{2}+30x-15$

$R(x)=6x$

$P(x)=R(x)-C(x)=6x-\left(\frac{1}{3}x^{3}-5x^{2}+30x-15\right)=-\frac{1}{3}x^{3}+5x^{2}-24x+15$

$P'(x)=-x^{2}+10x-24$

Solve $P'(x)=0$: $-x^{2}+10x-24=0\Rightarrow x^{2}-10x+24=0$

Discriminant $D=10^{2}-4\cdot1\cdot24=100-96=4$

$x=\frac{10\pm\sqrt{4}}{2}=\frac{10\pm 2}{2}\Rightarrow x=4,\ 6$

$P''(x)=-2x+10$

$P''(4)=2>0$ (local minimum), \ $P''(6)=-2<0$ (local maximum)

$x=6$