12. The daily profit, in dollars, from producing and selling x units of a product is given by the function P(x) = -0.01x2 + 20x - 500 a. What profit do they make if they produce and sell 500 units in a day? b. One day they made $1400. How many units did they produce and sell that day? c. What is the maximum profit they can make? How many units do they need to produce and sell to make the maximum profit?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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12. The daily profit, in dollars, from producing and selling x units of a product is given by the function
P(x) = -0.01x2 + 20x – 500
a. What profit do they make if they produce and sell 500 units in a day?
b. One day they made $1400. How many units did they produce and sell that day?
c. What is the maximum profit they can make? How many units do they need to produce and sell to
make the maximum profit?
Transcribed Image Text:12. The daily profit, in dollars, from producing and selling x units of a product is given by the function P(x) = -0.01x2 + 20x – 500 a. What profit do they make if they produce and sell 500 units in a day? b. One day they made $1400. How many units did they produce and sell that day? c. What is the maximum profit they can make? How many units do they need to produce and sell to make the maximum profit?
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