The total cost function is given by and selling price per unit is Rs.6. The profit is maximum if the value of x is:
The total cost function is given by and selling price per unit is Rs.6. The profit is maximum if the value of x is:
Solution
✅ Correct Option: 2
The profit function is Revenue - Cost.
Given:
- Cost:
- Selling price per unit = Rs. 6
- Revenue =
To find maximum profit, find the critical points:
Setting :
or
To determine which gives maximum profit, use the second derivative test:
At :
(positive, so minimum)
At :
(negative, so maximum)
Therefore, profit is maximum at .
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