The profit function for a certain commodity is P(x)=120x-x²-1100. Find the level of production that yields maximum profit, and find the maximum profit. Production levels of 120 yields a maximum profit of $1,100. Production levels of 120 yields a maximum profit of $2,500. Production levels of 60 yields a maximum profit of $6,040. Production levels of 60 yields a maximum profit of $3,600. Production levels of 60 yields a maximum profit of $2,500.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter1: Expressions And Functions
Section1.8: Interpreting Graphs Of Functions
Problem 4CYU
Question
The profit function for a certain commodity is P(x) = 120x-x²-1100. Find the level of production that
yields maximum profit, and find the maximum profit.
Production levels of 120 yields a maximum profit of $1,100.
Production levels of 120 yields a maximum profit of $2,500.
Production levels of 60 yields a maximum profit of $6,040.
Production levels of 60 yields a maximum profit of $3,600.
Production levels of 60 yields a maximum profit of $2,500.
Transcribed Image Text:The profit function for a certain commodity is P(x) = 120x-x²-1100. Find the level of production that yields maximum profit, and find the maximum profit. Production levels of 120 yields a maximum profit of $1,100. Production levels of 120 yields a maximum profit of $2,500. Production levels of 60 yields a maximum profit of $6,040. Production levels of 60 yields a maximum profit of $3,600. Production levels of 60 yields a maximum profit of $2,500.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 3 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL