This problem has been killing me for over 2 hours now. I really need some help! -------------------------------------------------------------------- Farmer Fay has a pig that presently wieghs 200 pounds. She could sell it now for a price of $1.40 a pound. The pig is gaining 10 pounds a week while the price per pound is dropping 2 cents a week. When should Fay sell the pig to get the maximum amount of money for it. What I've done that has dead ended me several times now is this: I've made a chart which provided me with the quadratic equation: R= -2x^2-26x+280 I then found my vertex which was at (-6.5, 98) (The x represents the numebr of weeks) What I have gathered (however incorrectly so) from this data is that if Farmer Fay waits 6.5 she will reach maximum profits. However, this being said when I checked it on the chart...The profits made at 6.5 weeks were not $98 nor was the maximum profit made. Help me PLEASE?! I really need some!
no problem.. i just pulled a couple numbers out of the air. found where profit started to drop off, and worked backward till i found the answer. quite unremarkable, and probably not the way a math instructor would have wanted their students to do it.
I did a unit check, and the original derived quadratic was thrown off by a digit error. in the price factor you put in a -.2x for the two-cent-a-week decrease? shoulda been -.02x. the correct quadratic is as follows: -2x^2 + 10x + 280. the actual maximum of the function is at x=2.5... a 225 pound pig at 90 cents a pound
looks like you made a mistake somewhere. first of all 10 does not go into 225 evenly. its supposed to be a 450 pound pig. 225 is half of 450 pounds.
the function represents a parabola that opens down. thus, the maximum should be the point where the slope is zero. so, we just take a derivative and set it to zero, and see what x is. the derivative of the function -2x^2 + 10x + 280 is the function -4x + 10. -4x + 10=0, x=2.5 and yes, 10 doesn't go into 225 evenly, but it is 200 +(10*2.5)
It should be a 450lb pig @90cents per pound. machinist it right. It we look at weeks 24-26 you can see the peak. .92*440 = 404.8 .90*450 = 405.0 .88*460 = 404.8