SOLUTION: The profit of a company can be modeled using the rule P = -C2 + 10C - 16 where P represents the profit and C represents the cost of the item sold.
What cost will produce the max
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Question 982996: The profit of a company can be modeled using the rule P = -C2 + 10C - 16 where P represents the profit and C represents the cost of the item sold.
What cost will produce the maximum profit?
c=
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
The profit of a company can be modeled using the rule P = -C2 + 10C - 16 where P represents the profit and C represents the cost of the item sold.
:
p(c) = -c^2 + 10c - 16
:
What cost will produce the maximum profit?
Max will occur at the axis of symmetry; Find that using x = -b/(2a)
In this equation
x = c
b = 10
a = -1
c =
c = 5
:
Max profit occurs when price is $5
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