Your café sells lattes for $4 each to 100 customers per day. For every $1 increase in price, you would lose 20 customers. Find the price that maximizes revenue. Hint: The # of items sold is based on the number of customers.

Theory and Examples

67. An inequality for positive integers Show that if a, b, c, and d are positive integers, then

[(a^2+1)(b^2+1)(c^2+1)(d^2+1)]/abcd ≥ 16

56. Airplane landing path An airplane is flying at altitude H when it begins its descent to an airport runway that is at horizontal ground distance L from the airplane, as shown in the accompanying figure. Assume that the landing path of the airplane is the graph of a cubic polynomial function y = ax^3+bx^2+cx+d, where y(-L)= H and y(0)=0.

a. What is dy/dx at x = 0?

b. What is dy/dx at x = -L?

c. Use the values for dy/dx at x = 0 and x =- L together with y(0) = 0 and y(-L) = H to show that y(x)=H[2(x/L)^3+3(x/L)^2]

54. Fermat’s principle in optics Light from a source A is reflected by a plane mirror to a receiver at point B, as shown in the accompanying figure. Show that for the light to obey Fermat’s principle, the angle of incidence must equal the angle of reflection, both measured from the line normal to the reflecting surface. (This result can also be derived without calculus. There is a purely geometric argument, which you may prefer.)

A poster is set to have a total area of 1150 cm², with 2-cm margins on the sides and the top, and a 3-cm margin at the bottom. What dimensions will maximize the printed area?

Maximizing profit Suppose a tour guide has a bus that holds a maximum of 100 people. Assume his profit (in dollars) for taking people on a city tour is P(n) = n(50 - 0.5n) - 100. (Although P is defined only for positive integers, treat it as a continuous function.)

a. How many people should the guide take on a tour to maximize the profit?

{Use of Tech} Growth rate of spotted owlets The rate of growth (in g/week) of the body mass of Indian spotted owlets is modeled by the function r(t) = 10,147.9e⁻²·²ᵗ/(37.98e⁻²·² + 1), where t is the age (in weeks) of the owlets. What value of t > 0 maximizes r? What is the physical meaning of the maximum value?

{Use of Tech} Demand functions and elasticity Economists use demand functions to describe how much of a commodity can be sold at varying prices. For example, the demand function D(p) = 500 - 10p says that at a price of p = 10, a quantity of D(10) = 400 units of the commodity can be sold. The elasticity E = dD/dp p/D of the demand gives the approximate percent change in the demand for every 1% change in the price. (See Section 3.6 or the Guided Project Elasticity in Economics for more on demand functions and elasticity.)

b. If the price is $12 and increases by 4.5%, what is the approximate percent change in the demand? 

Population models The population of a species is given by the function P(t) = Kt²/(t² + b) , where t ≥ 0 is measured in years and K and b are positive real numbers.

c. For arbitrary positive values of K and b, when does the maximum growth rate occur (in terms of K and b)?