Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a. To graph the relation P = {1}/{5}x^2 + 4x + 60 ), we'll plot points for different values of x) and calculate

image text in transcribed

a. To graph the relation \ P = {1}/{5}x^2 + 4x + 60 \), we'll plot points for different values of \x\) and calculate the corresponding \P\) values using equation. Then, we'll plot these points on a graph. b. This relation is quadratic because it has a squared term (\(x^2 \) in the equation. Another way to see this is by noting that the graph of a quadratic equation is a parabola, and the given equation has the form of a quadratic function. the c. The direction of opening of the parabola is downward because the coefficient of the \(x^2 \) term (-{1}{5}) is negative. Since the coefficient of the \(x^2 \) term negative, the parabola opens downward, indicating that the profit function has a maximum. We know this because the coefficient of \(x^2 \) is negative. is d. To find the P \-intercept, we set \ x = 0 \) in the equation and solve for P \). \P = {1}{5}(0)^2 + 4(0) + 60 = 60 \) The P-intercept is \(0, 60) \). This represents the initial profit of the company in 2020 when \( x = 0 \). Yes, it makes sense that this is a new company because at the beginning (in 2020), the profit is $60 million. As the company grows and operates, the profit can increase or decrease based on various factors.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Karen W. Braun, Wendy M. Tietz

5th edition

134128524, 978-0134128528

Students also viewed these Mathematics questions

Question

c. What are the job responsibilities?

Answered: 1 week ago