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The equation below is an approximation to the total profit (in thousands of dollars) from the sale of
A. 450,000
B. 550,000
C. 500,000
D. 400,000
Step 1 :Find the derivative of the function
Step 2 :Set
Step 3 :Simplify this equation by dividing all terms by -3, which gives
Step 4 :Factor the equation to get
Step 5 :Setting each factor equal to zero gives
Step 6 :Discard
Step 7 :Therefore, the number of tires that must be sold to maximize profit is
Step 8 :Take the second derivative of
Step 9 :Substitute
Step 10 :