Math 125 Name

Worksheet

Spring 2011

From each corner of a square piece of sheet metal, 18 centimeters on a side, remove a small square of size x centimeters and turn up the edges to form an open box. What should be the dimensions of the box so as to maximize the volume? (Answer: The dimensions that maximize the volume are 3 cm 12 cm 12 cm.) A printer plans on having 50 square inches of printed matter per page and is required to allow for margins of 1 inch on each side and 2 inches on the top and bottom. What are the most economical dimensions for each page if the cost per page depends on the area of the page? (Answer: The dimensions of the printed matter are 10 inches by 5 inches. Dimensions of the page are 14 inches by 7 inches.) A closed rectangular box with a square base is to be constructed using two dierent types of wood. The top is made of wood costing $2 per square foot and the remainder is made of wood that costs $1 per square foot. Suppose that $50 is available to spend. Find the dimension of the box of greatest volume that can be constructed. (Answer: The dimensions that maximize volume are 2.357 feet 2.357 feet 3.5355 feet.) A pharmacy has a uniform annual demand for 200 bottles of a certain antibiotic. It costs $10 to store one bottle of a certain antibiotic and $40 to place an order. How many times during the year should the pharmacy order the antibiotic in order to minimize the total storage and reorder costs? (Answer: The pharmacy should reorder the antibiotic 5 times to minimize the total storage and reorder costs.) A company manufactures and sells x videophones per week. The weekly price-demand and cost equations are, respectively, p = 500 0.5x and C (x) = 20000 + 135x.

(a) What price should the company charge for the phones, and how many phones should be produced to maximize the weekly revenue? What is the maximum weekly revenue? (Answer: Revenue is maximized when 500 phones are produced and sold at $250 per phone. Maximum revenue is $125,000. (b) What is the maximum weekly prot? How much should the company charge for the phones, and how many phones should be produced to realize the maximum weekly prot? (Answer: Prot is maximized when 365 phones are produced and sold at $317.50 per phone. Maximum revenue is $46,612.50. 6 A university student center sells 1600 cups of coee per day at a price of $2.40. A market survey shows that for every $0.05 reduction in price, 50 more cups of coee will be sold. How much should the student center charge for a cup of coee in order the maximize revenue? (Answer: Revenue is maximized when the student center charges $2.00 per cup of coee.)