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qid 423 · business
Question: The price of a barrel of crude oil stands at $2 per barrel for a whole month. North Sea Wells is trying to decide how many barrels of oil a day it should extract to maximize profits. The cost of extracting x barrels of oil a day is C(x) = [{x^2} / {10,000}] + 500, where C(x) is in dollars. How many barrels of oil a day will maximize profits?
- 12,500 barrels a day
- 7,500 barrels a day
- 30,000 barrels a day
- 15,000 barrels a day
- 10,000 barrels a day
- 20,000 barrels a day
- 2,500 barrels a day
- 5,000 barrels a day
- 25,000 barrels a day
- 17,500 barrels a day
Our answer: E. 10,000 barrels a day Source weak
How it was answered
Multi-step solver (maze), replayed by code
Current source
https://openstax.org/books/calculus-volume-1/pages/4-7-applied-optimization-problems
Source weak (http_get_200_text_and_question_terms)
Earlier version (superseded)
No public source has been found for this card yet (3 places checked internally).
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