Question
Find the maximum people that a company can recruit, if
the recruit function is given by p(x) = 41 − 24x − 18x2Solution
The recruit function is given as p(x) = 41 − 24x − 18x2 Therefore, p’(x) = - 24 - 36x P’’(x) = -36 Now, p’(x) = 0 => x = -24/36 = -2/3 Also, P’’(-2/3) = -36 < 0 By second derivative test, x = -2/3 is the point of local maxima of p. Therefore, Maximum profit = p(-2/3) => 41 – 24(-2/3) – 18(-2/3)2  => 41 + 16 – 8 = 49 Hence, the maximum recruit that the company can make is 49 people.
Which of the following is not a money market instrument?Â
A solution concept of a non-cooperative game involving two or more players in which each player is assumed to know the equilibrium strategies of the oth...
Who among the following won the ‘Gulbenkian Prize for Humanity’ in 2020?
Which Indian batsman has recently announced his retirement from cricket?
Which of the following is not part of the World Bank Group of Institutions?
Which institution is known as the "lender of last resort".
Which one of the following pairs is correctly matched?
Which of the following institutions have wrote the book ‘Healthy Recipes for Defence’?
Which of the following defines 'seasonal unemployment'?
What does 'SLR' stand for in the context of banking regulations?