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A company has MR = 30 x + 15 x^(2) and M...

A company has `MR = 30 x + 15 x^(2)` and `MC = 64 -1 6x + (3)/(2)x^(2)`. Find out the profit function and the output `x gt 0` when there is no profit if the fixed cost is zero.

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To solve the problem step by step, we will find the profit function and determine the output when there is no profit, given that the fixed cost is zero. ### Step 1: Identify the Marginal Revenue (MR) and Marginal Cost (MC) We are given: - Marginal Revenue (MR) = \( 30x + 15x^2 \) - Marginal Cost (MC) = \( 64 - 16x + \frac{3}{2}x^2 \) ### Step 2: Find the Revenue Function (R) To find the revenue function, we integrate the marginal revenue function with respect to \( x \): \[ R(x) = \int (30x + 15x^2) \, dx \] Calculating the integral: \[ R(x) = 15x^2 + 5x^3 + C \] where \( C \) is the constant of integration. Since fixed costs are zero, we can set \( C = 0 \): \[ R(x) = 15x^2 + 5x^3 \] ### Step 3: Find the Cost Function (C) Next, we integrate the marginal cost function to find the cost function: \[ C(x) = \int (64 - 16x + \frac{3}{2}x^2) \, dx \] Calculating the integral: \[ C(x) = 64x - 8x^2 + \frac{1}{2}x^3 + D \] Again, since fixed costs are zero, we can set \( D = 0 \): \[ C(x) = 64x - 8x^2 + \frac{1}{2}x^3 \] ### Step 4: Find the Profit Function (P) The profit function \( P(x) \) is defined as the revenue function minus the cost function: \[ P(x) = R(x) - C(x) \] Substituting the expressions for \( R(x) \) and \( C(x) \): \[ P(x) = (15x^2 + 5x^3) - (64x - 8x^2 + \frac{1}{2}x^3) \] Simplifying this: \[ P(x) = 15x^2 + 5x^3 - 64x + 8x^2 - \frac{1}{2}x^3 \] Combining like terms: \[ P(x) = (5 - \frac{1}{2})x^3 + (15 + 8)x^2 - 64x \] \[ P(x) = \frac{9}{2}x^3 + 23x^2 - 64x \] ### Step 5: Set the Profit Function to Zero To find the output when there is no profit, we set \( P(x) = 0 \): \[ \frac{9}{2}x^3 + 23x^2 - 64x = 0 \] Factoring out \( x \): \[ x\left(\frac{9}{2}x^2 + 23x - 64\right) = 0 \] This gives us one solution \( x = 0 \) (which we discard since \( x > 0 \)) and we need to solve the quadratic equation: \[ \frac{9}{2}x^2 + 23x - 64 = 0 \] ### Step 6: Solve the Quadratic Equation Using the quadratic formula \( x = \frac{-b \pm \sqrt{b^2 - 4ac}}{2a} \): Here, \( a = \frac{9}{2}, b = 23, c = -64 \): \[ b^2 - 4ac = 23^2 - 4 \cdot \frac{9}{2} \cdot (-64) \] Calculating: \[ = 529 + 1152 = 1681 \] Now substituting into the formula: \[ x = \frac{-23 \pm \sqrt{1681}}{2 \cdot \frac{9}{2}} = \frac{-23 \pm 41}{9} \] Calculating the two possible values: 1. \( x_1 = \frac{18}{9} = 2 \) 2. \( x_2 = \frac{-64}{9} \) (discarded since it's negative) ### Conclusion The output when there is no profit is \( x = 2 \). ### Final Answer - Profit Function: \( P(x) = \frac{9}{2}x^3 + 23x^2 - 64x \) - Output when profit equals zero: \( x = 2 \)
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