The profit (in thousands $) P of producing x widgets is given as P = -0.025 x2 + 1.4 x - 3.5 W1. Plot this function on an interval appropriate for the problem (sketch the graph below): 2. Find P(17) and explain its meaning in the context of the problem. 3. The break-even points are values of productions (number of widgets) for which the profit is zero. Find the break-even points.
Rate of Change
The relation between two quantities which displays how much greater one quantity is than another is called ratio.
Slope
The change in the vertical distances is known as the rise and the change in the horizontal distances is known as the run. So, the rise divided by run is nothing but a slope value. It is calculated with simple algebraic equations as:
The profit (in thousands $) P of producing x widgets is given as P = -0.025 x2 + 1.4 x - 3.5 W1. Plot this function on an interval appropriate for the problem (sketch the graph below):
2. Find P(17) and explain its meaning in the context of the problem.
3. The break-even points are values of productions (number of widgets) for which the profit is zero. Find the break-even points.
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