Asked by Michael
Annual profit in thousands of dollars is given by the function, P(x) = 200√ x - 3 + 10,000, where x is the number of items sold in thousands, x ≥ 3.
describe the meaning of the number 3 in the formula
describe the meaning of the number 10,000 in the formula
find the profit for 5 different values of x
graph the profit function over its given domain; use the 5 values calculated in part 3 to construct the graph and connect these points with a smooth curve in Excel or another graphing utility. Insert the graph in a Word file and attach the graph in a Word file to the class DB thread.
will this profit function have a maximum, if so, what is it?
what steps should the company take to prepare for your answer to part 5?
Post your final draft as a response to this post; use the small group area for collaboration.
describe the meaning of the number 3 in the formula
describe the meaning of the number 10,000 in the formula
find the profit for 5 different values of x
graph the profit function over its given domain; use the 5 values calculated in part 3 to construct the graph and connect these points with a smooth curve in Excel or another graphing utility. Insert the graph in a Word file and attach the graph in a Word file to the class DB thread.
will this profit function have a maximum, if so, what is it?
what steps should the company take to prepare for your answer to part 5?
Post your final draft as a response to this post; use the small group area for collaboration.