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Sullivan PreCalculus Section 2.6 Mathematical Models: Constructing Functions Objectives • Construct and analyze functions Example: The price p and the quantity x sold of a certain product obey the demand equation 1 p x 100 4 0 x 400 a.) Express the revenue R as a function of the quantity of items sold (x). Revenue = (Price)(Items sold) = (x)(p) 1 R( x ) x x 100 4 1 2 x 100 x 4 b.) What is the revenue if 150 items are sold? 1 R(150) (150) 2 100(150) $9,375 4 c.) Graph the function R(x) on a graphing utility. d.) Using the graph, find the number of items x that will maximize revenue. What is the maximum revenue? Quantity that maximizes revenue: 200 items Maximum Revenue: $10,000 e. What price should be charged for each item to achieve maximum revenue? Maximum Revenue occurs when x = 200 items 1 Price = p x 100 0 x 400 4 1 p (200) 100 $50 4 $50 should be charged to achieve maximum revenue. Example: An open box with a square base is to made from a square piece of cardboard 30 inches on a side by cutting out a square from each corner and turning up the sides. a.) Express the volume V of the box as a function of the length x of the side of the square cut from each corner. The volume of a box is given by: V = (length)(width)(height) x x x x 30 in. x x x Length = 30 - 2x 30in. x Width = 30 - 2x Height = x So, Volume = (30 - 2x)(30 - 2x)(x) c.) Graph V(x) using a graphing utility and estimate what value of x will maximize V. At x = 5 inches, the volume is maximum (2000 cubic inches) Example A rectangle has one corner on the graph of y 16 x 2, another at the origin, and third on the positive y axis and fourth on the positive x axis. (0,16) (x,y) y 16 x 2 a. Express the area of the rectangle as a function of x. A = lw A = xy A = x(16 x 2 ) since y 16 x 2 b. Find the domain of the function. Since Area must be positive, then x and y are positive. y 16 x 2 0 x 2 16 0 x4 or (0,4)