Unformatted text preview: If the answer is 0 or undefined the 2 nd Derivative Test tells you nothing. Example: use the 2 nd Derivative Test to find the extrema for 6 3 3 ) ( 2 3 + + − = x x x x f Price and Quantity Functions Hint: Let x=number of price reductions or increases Total Profit= Total Revenue – Total Cost= (Price times number of items sold) – (fixed costs + variable costs) Example#2 General #10...
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- Fall '05
- Derivative, Mathematical analysis, Convex function, Profit= Total Revenue, particular critical value