Explanation Given: The following table shows the monthly profit P , in dollars, at a monthly production level of N widgets. Number N Profit P 200 900 250 1375 300 1800 350 2175 400 2500 Table ( 1 ) Approach: The quadratic function to model the data is given as, y = a x 2 + b x + c … ( 1 ) To obtain the quadratic model, following steps are given, 1 To determine (b) To find: The manufacturer’s fixed cost. To determine (c) To find: The maximum monthly profit if the manufacturer can produce at most 1000 widgets in a month.

6th Edition

ISBN: 9781337801287

Author: Crauder

Publisher: MCGRAW-HILL HIGHER EDUCATION

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Chapter 5.5, Problem 16E

To determine

(a)

To find:

A quadratic model for P as a function of N.

To determine

(b)

To find:

The manufacturer’s fixed cost.

To determine

(c)

To find:

The maximum monthly profit if the manufacturer can produce at most 1000 widgets in a month.

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Chapter 5.5, Problem 15E

Chapter 5.5, Problem 1SBE

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Chapter 5 Solutions

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(a) To find: A quadratic model for P as a function of N .

Solution Summary: The author explains the quadratic model for P as a function of N.

Videos

(a)

To find:

A quadratic model for P as a function of N.

(b)

To find:

The manufacturer’s fixed cost.

(c)

To find:

The maximum monthly profit if the manufacturer can produce at most 1000 widgets in a month.

Want to see the full answer?

Chapter 5 Solutions

(a) To find: A quadratic model for P as a function of N .

Solution Summary: The author explains the quadratic model for P as a function of N.

Videos

(a) To find: A quadratic model for P as a function of N.

(b) To find: The manufacturer’s fixed cost.

(c) To find: The maximum monthly profit if the manufacturer can produce at most 1000 widgets in a month.

Want to see the full answer?

Chapter 5 Solutions

(a)

To find:

A quadratic model for P as a function of N.

(b)

To find:

The manufacturer’s fixed cost.

(c)

To find:

The maximum monthly profit if the manufacturer can produce at most 1000 widgets in a month.