Find the maximum profit that a company can make , if the profit function is given by $p\left( x \right) = 41 - 72x - 18{x^2}$ .
Find the maximum profit that a company can make , if the profit function is given by $p\left( x \right) = 41 - 72x - 18{x^2}$ .
Official Solution
We have, $p\left( x \right) = 41 - 72x - 18{x^2}$
$\Rightarrow p'\left( x \right) = - 72 - 36x$
Now, for critical points, $p'\left( x \right) = 0$
$\Rightarrow - 72 - 36x = 0 \Rightarrow x = - 2$
$p''\left( x \right) = - 36 < 0 \Rightarrow p''\left( { - 2} \right) = - 36 < 0$
Therefore the profit is maximum at $x = - 2$ and maximum profit is
$p\left( { - 2} \right) = 41 - 72\left( { - 2} \right) - 18{\left( { - 2} \right)^2} = 41 + 144 - 72 = 185 - 72 = 113$ units
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