Question
1. The unit price of an item affects its supply and demand. That is, if the unit price rises, demand for the item will generally
1. The unit price of an item affects its supply and demand. That is, if the unit price rises, demand for the item will generally decrease. A local newspaper currently has 42,000 subscribers with a quarterly charge of $40. Market research has suggested that if owners raised the price to $42, they would lose 1,000 subscribers. Assuming that subscriptions are linearly related to price, apply the maximum and minimum values relative maximum and minimum values of a polynomial functionto determine how much the periodical should charge for a quarterly subscription to maximize its income .
2. The profit of selling local ballet tickets depends on the price of the ticket. Wearing
past receipts, we find that profit can be modeled by the function p=-10x 2 + 200x + 45 , where x is the price of each ticket. Apply the relative maximum and minimum values of a polynomial functionto determine the price of the ticket that provides the maximum profit and the value of the maximum profit.
3. Consider the polynomial p(x)= x 3 -7x-40 .Evaluate p(6) and p(-4) . Apply the properties of functions to predict the behavior of the function at one of the x -intercepts of p(x). .
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