The manager of a large apartment complex has found that the profit (in thousands of dollars) is given by P (x) = –2x² + 500x – 30000, where x is the - number of units rented. Answer the following questions: (i) What is the profit when 120 units are rented? (ii) How many units must be rented to earn a profit of $800,000? (iii) How many units should be rented to produce the maximum profit? (iv) What is 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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The manager of a large apartment complex has found that the profit (in thousands of
dollars) is given by P (x) = –2x² + 500x – 30000, where x is the
-
number of units rented. Answer the following questions:
(i) What is the profit when 120 units are rented?
(ii) How many units must be rented to earn a profit of $800,000?
(iii) How many units should be rented to produce the maximum profit?
(iv) What is the maximum profit?
Transcribed Image Text:The manager of a large apartment complex has found that the profit (in thousands of dollars) is given by P (x) = –2x² + 500x – 30000, where x is the - number of units rented. Answer the following questions: (i) What is the profit when 120 units are rented? (ii) How many units must be rented to earn a profit of $800,000? (iii) How many units should be rented to produce the maximum profit? (iv) What is the maximum profit?
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