Problem

A manufacturer of chemical glassware needs to purchase a certain amount of raw material. The profit, $p$, in dollars expected from purchasing $t$ tons of raw material, where $t$ is positive, is: \[ p=50,000(2 t-1)(t-5) \] What is the smallest amount of raw material in tons that the manufacturer can purchase to break even with a profit of 0 dollars?

Solution

Step 1 :The manufacturer of chemical glassware needs to purchase a certain amount of raw material. The profit, $p$, in dollars expected from purchasing $t$ tons of raw material, where $t$ is positive, is given by the equation \(p=50,000(2 t-1)(t-5)\).

Step 2 :The manufacturer breaks even when the profit is zero. So, we need to solve the equation \(p=50,000(2 t-1)(t-5) = 0\) for $t$. This equation will have two solutions, as it is a quadratic equation in $t$.

Step 3 :We are interested in the smallest positive solution, as $t$ represents the amount of raw material in tons, which cannot be negative.

Step 4 :Solving the equation gives us two solutions: \(t = 1/2\) and \(t = 5\).

Step 5 :The smallest positive solution is \(t = 1/2\).

Step 6 :Final Answer: The smallest amount of raw material in tons that the manufacturer can purchase to break even with a profit of 0 dollars is \(\boxed{0.5}\).

From Solvely APP
Source: https://solvelyapp.com/problems/16716/

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