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Optimization โ€” Find Absolute and Local Extrema

Closed-interval method: evaluate f at all critical numbers and endpoints; largest is the max, smallest is the min.

CalculusCommon Core FUN-1.DDERVerified correct โœ“

Worked examples

A company's profit function is P(x) = โˆ’2xยฒ + 97x โˆ’ 41, where x is the number of units produced (in hundreds). (a) Find the critical number(s) by setting P'(x) = 0. (b) Use the second derivative test to classify each critical point as a local maximum, local minimum, or saddle point. (c) State the absolute maximum profit on the interval [0, 97].
Answer:
A company's profit function is P(x) = โˆ’2xยฒ + 55x โˆ’ 80, where x is the number of units produced (in hundreds). (a) Find the critical number(s) by setting P'(x) = 0. (b) Use the second derivative test to classify each critical point as a local maximum, local minimum, or saddle point. (c) State the absolute maximum profit on the interval [0, 55].
Answer:

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