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Completion rate improved to 1.96SectionΒ 1. ChapterΒ 7
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Challenge: Maximizing Profit Using Quadratic Functions
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Task
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A small business tracks its monthly profit over a 12-month period. You're given the company's profit function:
P(x)=βx2+12xβ20- x = Number of units sold;
- P(x) = Profit in $1000 units;
- The negative coefficient of x2 means profit increases to a point, then decreases due to production costs.
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Find the optimal number of units to sell β this is the vertex of the parabola, given by the formula:
x=β2abβ -
Find the breakeven points where profit is zero β the roots of the quadratic equation, calculated as:
x=2aβbΒ±b2β4acββ
Solution
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SectionΒ 1. ChapterΒ 7
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