Question
Recall that profit can be computed in terms of revenue and cost.Assume that the annual widget sales match the annual widget demand and annual widget
Recall that profit can be computed in terms of revenue and cost.Assume that the annual widget sales match the annual widget demand and annual widget production.Construct a model for profit using the models for revenue and cost that you found in the Revenue and Cost sections.
Find the model forprofitP(x), whereP(x)is the total annual profit in dollars forxwidgets sold, and write it asP(x)=ax2+bx+c.
Note: You are using the fact thatP(x)=R(x)C(x), not creating a table of data.
This is the models from cost and revenue that I found already.
Model for Cost: C(x)=50.8x+73.4
Model for Revenue: R(x)=-0.956x2+157x+0
This is the help that I need:
- Enter the value of a. <--- -0.956
- Enter the value ofb.
- Enter the value ofc.
- Use your profit modelP(x)to computeP(45), rounded to the nearest tenth.
- There are twoxvalues such thatP(x)=0.Find the larger one, rounded to the nearest whole number.
- There are twoxvalues such thatP(x)=0.Find the smaller one, rounded to the nearest whole number.
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