Optimisation: Find the Profit Maximum
This lesson is part of the course
In this lesson
You tabulate Kestrel's profit around the peak, watch the derivative change sign, pick the best output on the grid and solve P′(q) = 0 for the exact optimum.
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Lessons in this course
- Average vs Instantaneous Rate: The Difference Quotient Locked
- Numerical Derivative Table & the Tangent Line Locked
- Marginal Cost, Revenue & Profit Locked
- Optimisation: Find the Profit Maximum Locked
- Point Elasticity of Demand with a Derivative Locked
- Numerical Integration: Trapezoid & Simpson vs Exact Locked
- Area Between Curves & Consumer Surplus Locked
- Growth & Decay with e: Continuous Compounding & Half-Life Locked