Question

In: Economics

Consider the following function: f(x) = -5x3 + 180x2 – 7x – 50

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.

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