Your company would like to know how sales levels affect profits. If too few items are sold, then there is a loss. Even if too many items are sold, however, the company can lose money (likely because of low pricing). It is good to know how many items can be sold for there to be profit.
P(x) = –x2 + 110x – 1,000
This function can be used to compute the profit (in thousands of dollars) from producing and selling a certain number, x, of thousands of smartphones.
Compute the following: P(5), P(50), and P(120). Then, interpret the results.
Discuss and interpret the meaning where the profit function crosses the x-axis. Refer to last week’s assignment concerning break-even points, and interpret the graph. Also, discuss where the graph is above and below the x-axis, explaining what that means in terms of profitability.
( I am completely lost here I don't even know where to start please help)
1 answer
SUBSTITUTE THE VALUE IN THE PARENTHESES FOR X - 3 TIMES FOR 5, 50 AND 120
1 answer