i) Write an equation giving profit as a function of the number of lightweight compasses produced. (ii) At the moment the company produces 2 million lightweight compasses and makes a profit of $18,000,000, but you would like to reduce production. What smaller number of lightweight compasses could the company produce to yield the same profit?
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When it comes to the concept of polynomial equations, quadratic equations can be said to be a special case. What does solving a quadratic equation mean? We will understand the quadratics and their types once we are familiar with the polynomial equations and their types.
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You are the CEO for a lightweight compasses manufacturer. The demand function for the lightweight compasses is given by p = 40 − 4q 2 where q is the number of lightweight compasses produced in millions. It costs the company $15 to make a lightweight compass.
(i) Write an equation giving profit as a function of the number of lightweight compasses produced.
(ii) At the moment the company produces 2 million lightweight compasses and makes a profit of $18,000,000, but you would like to reduce production.
What smaller number of lightweight compasses could the company produce to yield the same profit?
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