Tennis Franchise

Have a few annoying calculus questions, help would be awesome.?
1.) Find the equation of a given parabola that has a maximum value of 5 if the parabola is in the form of ax²+3x-4
2.) Complete the square on y= ax²+bx+c to find the vertex in terms of a, b, and c.
3.) The marketing department of a sports equipment franchise found that, on average, 600 tennis rackets will be sold monthly at the unit price of $100. The department also observed that for each $5 reduction in price, an extra 50 rackets will be sold monthly. What price will bring the largest monthly income?
1) First you need to find the derivative of the expression. Using f(x) to represent the function of x, you have:
f(x) = ax^2 + 3x – 4
df/dx = f’(x) = 2ax + 3
An extremum, either a maximum or a minimum, can be found be setting the derivative equal to zero (i.e. f’(x) = 0 ). With a parabola you will have only one extremum, and that extremum will be either a maximum or a minimum. Using the derivative we have:
2ax + 3 = 0.
For simplicity here I am assuming that when it states that it has a “maximum value of 5″ that the question means that the maximum occurs when x = 5. (The correct interpretation is that the maximum occurs at f(x) = 5. Without knowing the value of a yet this is a bit messy, but can still be done. When solving this question remember to solve for x when f(x) = 5 and then using that value for x instead of 5 as I have done.)
Since we are assuming x = 5:
2*5a + 3 = 0
10a + 3 = 0
a = -3/10 (Solve for a)
Which would make the equation:
(-3/10)x^2 + 3x – 4
–>Remember this is not your answer. This is the answer I am using for simplicity of arithmetic (typing/reading typed lengthy fractions is painful). You should use f(x) = 5 as the maximum rather than x = 5 (the difference between “maximum value of 5″ and “maximum value occurs at 5″), as indicated previously.
2) From what I recall when you are asked to “complete the square” you are being asked to make a quadratic equation into a square. So let’s start with an example with a square:
(x-1)^2
This can be shown to be:
(x-1)^2 = x^2 – 2x + 1
If you were given:
x^2 – 2x + 2 = 0
And you were asked to “complete the square”, you would set a quadratic that is a perfect square equal to something. Here:
x^2 – 2x + 2 = x^2 – 2x + 1 + 1 = 0
Then:
x^2 – 2x + 1 = -1
(x-1)^2 = -1
-> (x-2)^2 – 1 = 0
I’m not really sure how you would do this in your particular case since you do not have a specific equation (a, b, and c could already be such that the equation IS a perfect square, since they are not defined). On a side note, typically I’m not a fan of being asked to solve a question a particular way (even though I understand that it is necessary to practice a technique). I just ask a student I’m tutoring to “solve the question using whatever tools you know”. This unfortunately won’t help too much, but I will solve it so you can check your answer.
Recall how to find an extremum (for a parabola this is the vertex) from question (1). So:
y’(x) = 2ax + b
The vertex is:
2ax + b = 0
Solving for x:
x = -b/2a (so long as a != 0)
Now you substitute this in to find y:
y(-b/2a) = a(-b/2a)^2 +b(-b/2a) + c
= c – b^2/4a
So your vertex would be:
(x,y) = (-b/2a, c – b^2/4a)
3) Let’s let x = the number of tennis rackets, c = the cost of the tennis rackets, and y = total income. In general you will have:
y = cx
So if the cost is $100, you have c = 100:
y = 100x
Using this equation when you sell 600 tennis rackets, x = 600 and your income is:
y = 100*600 = 60 000
Or $60 000.
But here we have c as a function of x since as c changes, so does x:
x + 50 = c – 5
x = c – 55
(Note: You solve for x since you are looking for the price/cost, c, that will bring the largest monthly income – so you must eliminate x from your original equation.)
So:
y = cx = c(c – 55)
= c^2 – 55c
The largest monthly income would be the extremum (here a maximum). So now we need the derivative of y:
y’(c) = 2c – 55
The extremum occurs when the derivative is zero:
2c – 55 = 0
Solving for c:
2c = 55
c = 55/2 = 27.50
So if you charged $27.50 for each racket you would have the largest income. You can substitute this value of c into c(x) and y(c,x) to determine what your income will be (if necessary).
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