AA small independent company wants to sell its widgets. The following equation determines the profit the company will make based off the price they sell the widget for where x is the price per dollar and P will be the profit in thousands of dollars. P = -2x2 + 40x a.) At what price should they sell the widgets to maximize their profit.
AA small independent company wants to sell its widgets. The following equation determines the profit the company will make based off the price they sell the widget for where x is the price per dollar and P will be the profit in thousands of dollars. P = -2x2 + 40x a.) At what price should they sell the widgets to maximize their 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,...
Related questions
Question
![Tength= 12 square inches
MA small independent company wants to sell its widgets. The following equation determines the profit the company
will make based off the price they sell the widget for where is the price per dollar and P will be the profit in thousands
%3D
of dollars.
P = -2x² + 40x
a.) At what price should they sell the widgets to maximize their profit.
b.) What will be there max profit.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa052bed3-3d95-4142-b577-49b280e626b9%2Fd1b641db-9579-426e-8f49-87f1219e11fa%2Foeklxei_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Tength= 12 square inches
MA small independent company wants to sell its widgets. The following equation determines the profit the company
will make based off the price they sell the widget for where is the price per dollar and P will be the profit in thousands
%3D
of dollars.
P = -2x² + 40x
a.) At what price should they sell the widgets to maximize their profit.
b.) What will be there max profit.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Algebra and Trigonometry (6th Edition)](https://www.bartleby.com/isbn_cover_images/9780134463216/9780134463216_smallCoverImage.gif)
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
![Contemporary Abstract Algebra](https://www.bartleby.com/isbn_cover_images/9781305657960/9781305657960_smallCoverImage.gif)
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
![Linear Algebra: A Modern Introduction](https://www.bartleby.com/isbn_cover_images/9781285463247/9781285463247_smallCoverImage.gif)
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
![Algebra and Trigonometry (6th Edition)](https://www.bartleby.com/isbn_cover_images/9780134463216/9780134463216_smallCoverImage.gif)
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
![Contemporary Abstract Algebra](https://www.bartleby.com/isbn_cover_images/9781305657960/9781305657960_smallCoverImage.gif)
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
![Linear Algebra: A Modern Introduction](https://www.bartleby.com/isbn_cover_images/9781285463247/9781285463247_smallCoverImage.gif)
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
![Algebra And Trigonometry (11th Edition)](https://www.bartleby.com/isbn_cover_images/9780135163078/9780135163078_smallCoverImage.gif)
Algebra And Trigonometry (11th Edition)
Algebra
ISBN:
9780135163078
Author:
Michael Sullivan
Publisher:
PEARSON
![Introduction to Linear Algebra, Fifth Edition](https://www.bartleby.com/isbn_cover_images/9780980232776/9780980232776_smallCoverImage.gif)
Introduction to Linear Algebra, Fifth Edition
Algebra
ISBN:
9780980232776
Author:
Gilbert Strang
Publisher:
Wellesley-Cambridge Press
![College Algebra (Collegiate Math)](https://www.bartleby.com/isbn_cover_images/9780077836344/9780077836344_smallCoverImage.gif)
College Algebra (Collegiate Math)
Algebra
ISBN:
9780077836344
Author:
Julie Miller, Donna Gerken
Publisher:
McGraw-Hill Education