In: Economics
Consider the following function:
f(x) = -5x3 + 180x2 – 7x – 50
a.) Solve for the “inflection point” of this function ( show your work).
b.) Solve for f ''(5) ( i.e., find the second derivative for the function if x = 5 ; show
your work).
c.) Is x = 5 in the concave region of the graph of this function OR in the convex region
of the graph of this function ( i.e., choose “ concave” or “convex”)?
Briefly explain how your answer to b.) is relevant.