1. **State the problem:**
Find the value of $x$ that maximizes the daily profit for a firm with total cost function $$C(x) = x^3 - 6x^2 + 13x + 15$$ and total revenue function $$R(x) = 28x$$.
2. **Define profit function:**
Profit $$P(x)$$ is revenue minus cost:
$$P(x) = R(x) - C(x) = 28x - (x^3 - 6x^2 + 13x + 15)$$
3. **Simplify profit function:**
$$P(x) = 28x - x^3 + 6x^2 - 13x - 15 = -x^3 + 6x^2 + 15x - 15$$
4. **Find critical points:**
To maximize profit, find where derivative $$P'(x) = 0$$.
$$P'(x) = \frac{d}{dx}(-x^3 + 6x^2 + 15x - 15) = -3x^2 + 12x + 15$$
5. **Solve for critical points:**
Set derivative to zero:
$$-3x^2 + 12x + 15 = 0$$
Divide both sides by \cancel{-3}:
$$\cancel{-3}x^2 + \cancel{-4}x + \cancel{-5} = 0 \implies x^2 - 4x - 5 = 0$$
6. **Factor quadratic:**
$$x^2 - 4x - 5 = (x - 5)(x + 1) = 0$$
So,
$$x = 5 \text{ or } x = -1$$
7. **Determine maximum:**
Check second derivative:
$$P''(x) = \frac{d}{dx}P'(x) = \frac{d}{dx}(-3x^2 + 12x + 15) = -6x + 12$$
Evaluate at $x=5$:
$$P''(5) = -6(5) + 12 = -30 + 12 = -18 < 0$$ (concave down, local max)
Evaluate at $x=-1$:
$$P''(-1) = -6(-1) + 12 = 6 + 12 = 18 > 0$$ (concave up, local min)
8. **Conclusion:**
The profit is maximized at $$x = 5$$.
**Final answer:** C. 5
Profit Maximization 1E4C36
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