The profit P, in thousand of dollars, that a manufacturer makes is a function of the number N of items produced in a year, and the formula is as follows. P= -0.2N² + 3.6N - 9 (a) Express using functional notation the profit at a production level of 4 items per year. P( Calculate that value. thousand dollars (b) Determine the two break-even points for this manufacturer-that is, the two production levels at which the profit is zero. N = (smaller value) N = (larger value) (c) Determine the maximum profit if the manufacturer can produce at most 19 in a year. thousand dollars

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The profit P, in thousand of dollars, that a manufacturer makes is a function of the number N of items produced in a year, and the formula is as follows.
P = -0.2N² + 3.6N - 9
(a) Express using functional notation the profit at a production level of 4 items per year.
P(
()
Calculate that value.
thousand dollars
(b) Determine the two break-even points for this manufacturer-that is, the two production levels at which the profit is zero.
N =
(smaller value)
(larger value)
N =
(c) Determine the maximum profit if the manufacturer can produce at most 19 in a year.
thousand dollars
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Transcribed Image Text:The profit P, in thousand of dollars, that a manufacturer makes is a function of the number N of items produced in a year, and the formula is as follows. P = -0.2N² + 3.6N - 9 (a) Express using functional notation the profit at a production level of 4 items per year. P( () Calculate that value. thousand dollars (b) Determine the two break-even points for this manufacturer-that is, the two production levels at which the profit is zero. N = (smaller value) (larger value) N = (c) Determine the maximum profit if the manufacturer can produce at most 19 in a year. thousand dollars Need Help? Read It Master It
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