document.write( "Question 473555: I am having a terrible time trying to figure this out. \r
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document.write( "Suppose you own a strip mall. You want to determine the amount of rent you should charge to maximize your profit. The given equation measure the profit, P (is in thousands of dollars), per square foot of rental space (m is dollars per square foot).
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document.write( "1. Does the graph of this equation open up or down? What algebraic information can you use to determine this? \r
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document.write( "2. Describe what happens to the profit as the rent per square foot is increased. Discuss the different amounts of profit defined by the graph and the equation.\r
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document.write( "3. Use the quadratic formula to determine the amounts that should be charged for rent that will give you zero profit. Round the value of m to the nearest tenth of a square foot.\r
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document.write( "What do the solutions represent? Is there a solution that does not make sense? If so, in what ways does the solution not make sense? \r
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document.write( "4. Will this equation give you a maximum profit or a minimum profit? How do you know? \r
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document.write( "5. What price should be charged to reach the maximum or minimum profit? \r
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document.write( "6. How much profit will you have at the peak or low? Remember that the profit is measured in thousands of dollars. Include the proper units.\r
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document.write( "7. What is the point of the vertex? Calculate this value. How does this number relate to your answers in numbers 5 and 6? \r
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document.write( "8. How many solutions are there to the equation ? How do you know? Give an algebraic and a written response.\r
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Algebra.Com's Answer #324792 by richard1234(7193)![]() ![]() You can put this solution on YOUR website! No equation provided. \n" ); document.write( " |