Finite Math and Applied Calculus (6th Edition)

Published by Brooks Cole
ISBN 10: 1133607705
ISBN 13: 978-1-13360-770-0

Chapter 9 - Section 9.1 - Quadratic Functions and Models - Exercises - Page 629: 31b

Answer

The largest monthly profit is ${{\$}} 845$ per month, when the log-on fee is ${{\$}} 1.25$.

Work Step by Step

$P=R-C$ $P=-560x^{2}+1400x-30$. The graph of P(x) is a parabola opening down. The largest monthly profit occurs at the vertex, when $x=-b/(2a)=-\displaystyle \frac{1400}{-2\times 560}= {{\$}} 1.25$ The corresponding profit is $P=-560(1.25)^{2}+1400(1.25)-30 ={{\$}} 845$ per month.
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