# Science:Math Exam Resources/Courses/MATH104/December 2010/Question 05

MATH104 December 2010
Other MATH104 Exams

### Question 05

A small manufacturer wholesales leather jackets to a number of specialty stores. The monthly demand from these stores for the jackets is described by the demand equation

${\displaystyle \displaystyle {}p=400-50q.}$

Here p is the wholesale price, in dollars per jacket, and q is the monthly demand, in thousands of jackets. Note that the demand equation makes no sense if ${\displaystyle q\geq {8}}$. The manufacturer's marginal cost is given by the equation,

${\displaystyle {\frac {{\textrm {d}}C}{{\textrm {d}}q}}={\frac {800}{q+5}}.}$

Determine the number of jackets that must be sold per month to maximize monthly profit. You do not need to justify that your answer provides the maximal profit.

 Make sure you understand the problem fully: What is the question asking you to do? Are there specific conditions or constraints that you should take note of? How will you know if your answer is correct from your work only? Can you rephrase the question in your own words in a way that makes sense to you? If you are stuck, check the hints below. Read the first one and consider it for a while. Does it give you a new idea on how to approach the problem? If so, try it! If after a while you are still stuck, go for the next hint.

 Checking a solution serves two purposes: helping you if, after having used all the hints, you still are stuck on the problem; or if you have solved the problem and would like to check your work. If you are stuck on a problem: Read the solution slowly and as soon as you feel you could finish the problem on your own, hide it and work on the problem. Come back later to the solution if you are stuck or if you want to check your work. If you want to check your work: Don't only focus on the answer, problems are mostly marked for the work you do, make sure you understand all the steps that were required to complete the problem and see if you made mistakes or forgot some aspects. Your goal is to check that your mental process was correct, not only the result.