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6 Nov 2019
9. (22 pts) The cost, in dollars, for a company to produce x doodads is given by C(x) 500 7x for x 2 0, and the price-demand function, in dollars per doodads, is p(x)17-.010x for 0 sx s 1700. Find the following, SHOW YOUR WORK. Hint: Your numbers will be "nice" if done correctly (a) Write the equation for the profit function Pa). Graph the profit function below (b) Find the vertex of the profit function Plx) using algebra. Show algebralc work (c) State the maximum profit and the mumber of doodads which yield that maximum profit The maximum profit is when doodads are produced and sold. (d) Determine the price to charge per doodad in order to maximize profit. (e) Find and interpret the break-even points Show transcribed image text
9. (22 pts) The cost, in dollars, for a company to produce x doodads is given by C(x) 500 7x for x 2 0, and the price-demand function, in dollars per doodads, is p(x)17-.010x for 0 sx s 1700. Find the following, SHOW YOUR WORK. Hint: Your numbers will be "nice" if done correctly (a) Write the equation for the profit function Pa). Graph the profit function below (b) Find the vertex of the profit function Plx) using algebra. Show algebralc work (c) State the maximum profit and the mumber of doodads which yield that maximum profit The maximum profit is when doodads are produced and sold. (d) Determine the price to charge per doodad in order to maximize profit. (e) Find and interpret the break-even points
Show transcribed image text Patrina SchowalterLv2
21 Sep 2019