Precalculus: Mathematics for Calculus, 7th Edition

Published by Brooks Cole
ISBN 10: 1305071751
ISBN 13: 978-1-30507-175-9

Chapter 3 - Review - Exercises - Page 320: 8

Answer

1500 units to be sold to generate the maximum profit of $ 7500 units

Work Step by Step

As we are given that $P(x)=-1500+12x-0.004x^2$ Here, $a=-0.004,b=12,c=-1500$ and $a =-0.004 \lt 0$ and this shows a maximum value at the point $h=\dfrac{-b}{2a}=-\dfrac{(12)}{2(-0.004)}=1500$ Consider: $k=P(1500)=-1500+12(1500)-0.004(1500)^2$ Thus, $k= 7500$units Hence, we can estimate that 1500 units to be sold to generate the maximum profit of $ 7500 units
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