Question
27 years ago, Jurassic Park arrived in theaters. Back then, Miss Kito decided to try to capitalize off the success of the movie by selling
27 years ago, Jurassic Park arrived in theaters. Back then, Miss Kito decided to try to capitalize off the success of the movie by selling novelty mosquitos trapped in amber. She called her entrepreneurial endeavor Miss Kito's Mosquitos. She determined that her monthly profit in dollars was determined by the function P(x) = 2000x^2 + 12000x 10000, where x was the price per unit.
There are at least four different methods for finding the vertex of a quadratic function.
Demonstrate two different methods to find the vertex of the Profit function.
If you use your calculator for one of the methods, provide an appropriately labeled sketch of the graph.
(Note that you should get the same answer for both part a and part b, and you are asked to interpret that answer in part c.
Part A: METHOD ONE:
Part B: METHOD TWO:
Part C: What should Miss Kito charge per mosquito in order to maximize her monthly profits? What is the maximum monthly profit?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started