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    A company produces and sells electric cars. The company's profit, P, in thousands of dollars, changes based on the number of cars, x, they produce per month. The rate of change of their profit from producing x electric cars is modelled by $\frac{dP}{dx} = -1.6x + 48, x ≥ 0$ The company makes a profit of 260 (thousand dollars) when they produce 15 electric cars.

    Question
    SLPaper 1

    A company produces and sells electric cars. The company's profit, P, in thousands of dollars, changes based on the number of cars, x, they produce per month. The rate of change of their profit from producing x electric cars is modelled by dPdx=−1.6x+48,x≥0\frac{dP}{dx} = -1.6x + 48, x ≥ 0dxdP​=−1.6x+48,x≥0 The company makes a profit of 260 (thousand dollars) when they produce 15 electric cars.

    1.

    Find an expression for P in terms of x.

    [5]
    Verified
    Solution

    recognition of need to integrate (eg reverse power rule or integral symbol) (M1) P(x)=−0.8x2+48x(+c)P(x)=-0.8x^2+48x(+c)P(x)=−0.8x2+48x(+c) (A1) 260=−0.8×(15)2+48×(15)+c260=-0.8\times(15)^2+48\times(15)+c260=−0.8×(15)2+48×(15)+c (M1) Note: Award M1\boldsymbol{M1}M1 for correct substitution of x=15x=15x=15 and P=260P=260P=260. A constant of integration must be seen (can be implied by a correct answer). c=−280c=-280c=−280 (A1) P(x)=−0.8x2+48x−280P(x)=-0.8x^2+48x-280P(x)=−0.8x2+48x−280 (A1)

    2.

    Describe how their profit changes if they increase production to over 30 cars per month and up to 50 cars per month. Justify your answer.

    [2]
    Verified
    Solution

    profit will decrease (with each new car produced) (A1)

    EITHER

    because the profit function is decreasing / the gradient is negative / the rate of change of PPP is negative (R1)

    OR

    ∫3050−1.6x+48(dx)=−320\int_{30}^{50}-1.6x+48(\mathrm{d}x)=-320∫3050​−1.6x+48(dx)=−320 (R1)

    OR

    evidence of finding P(30)=440P(30)=440P(30)=440 and P(50)=120P(50)=120P(50)=120 (R1)

    Note: Award at most R1AO if P(30)P(30)P(30) or P(50)P(50)P(50) or both have incorrect values.

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