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anonymous
 5 years ago
Annual profit in thousands of dollars is given by the function, P(x) = .01x2 + 50x + 30,000, where x is the number of items sold, x ≥ 0.
describe the meaning of the number .01 in the formula
describe the meaning of the number 30,000 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 c 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 fu
anonymous
 5 years ago
Annual profit in thousands of dollars is given by the function, P(x) = .01x2 + 50x + 30,000, where x is the number of items sold, x ≥ 0. describe the meaning of the number .01 in the formula describe the meaning of the number 30,000 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 c 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 fu

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anonymous
 5 years ago
Best ResponseYou've already chosen the best response.00.01x2 = (0.1x)2 right?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0lets try doing this together. what do you think the number 0.01 means?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0is that the selling price per unit?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0is that the selling price per unit?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0lets try this again. suppose i sold you x items for 1000 dollars, how much is the cost of each item?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0so, 1000/x is the cost of each item right? so, number of items times cost of each item is total selling price correct?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0if i sell you x items for 50 dollars each, what is the total price?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0okay. so what is the selling price in your equation, 0.01 or 50?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0I gave you the two choices. is it 0.01 or 50?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0okay good. So, x items are sold for 50 dollars each. now, your equation is for the profit. How do you make profit?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0what are p(x), r(x) and c(x)?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0p(x)= .01x^2+ 50x+30000 x=b/2a a=.01 b=50 c= 30000

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0so profit is revenue minus cost of production right?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0so 30000 is the cost of production. 50 is the selling price. so what could 0.01 be?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0i don't know? i feel so dumb right now

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0no. notice that 0.01 is negative. It means that it is a loss. so it means that approximately 1 percent of the units are defective.

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0ok sorry, that makes sense now

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0so, the company cannot make a profit from the defective items, so it has to subtract its losses from the profit.

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0makes perfect sense now

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0so do i just choose 5 random numbers to plug into the equation

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.00,1,2,3,4,5 into x and solve for it?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0yeah, you can put in any 5 values of x.

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0you shouldn't put x = 0, it means that no items were produced or sold.

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0also, 0.01 is the cost of production per unit

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0to find the profit maximum do i use the formula, x=b/2a

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0I don't know. why don't you post it again maybe someone can help
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