document.write( "Question 75648This question is from textbook
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document.write( ": The weekly profit for a widget producer is a function of the number n of widgets sold. The formula is, P=-2+ 2.9n-0.3n(this exponent is squared, i.e n squared, not sure how to type it.\r
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document.write( " Here P is measured in thousands of dollars, n is measured in thousands of widgets, and the formula is valid up to a level of 7 thousand widgets sold.\r
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document.write( " a)- Make a graph of P verses n.\r
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document.write( " b)-Calculate P(0) and explain in practical terms what your answer means,\r
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document.write( " c)At what sales level is the profit as large as possible? \n" );
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Algebra.Com's Answer #54447 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! The weekly profit for a widget producer is a function of the number n of widgets sold. The formula is, P=-2+ 2.9n-0.3n(this exponent is squared, i.e n squared, not sure how to type it. \n" ); document.write( ": \n" ); document.write( "P = -2 + 2.9n - .3n^2 \n" ); document.write( "Here P is measured in thousands of dollars, n is measured in thousands of widgets, and the formula is valid up to a level of 7 thousand widgets sold. \n" ); document.write( "a)- Make a graph of P verses n. \n" ); document.write( ": \n" ); document.write( "n = x (horizontal axis), P = y (vertical axis) \n" ); document.write( "plot from x = 0 to x = 7 (max that formula is valid) \n" ); document.write( ": \n" ); document.write( "An example of when x = 2: \n" ); document.write( "y = -2 + 2.9(2) - .3(2^2) \n" ); document.write( "y = -2 + 5.8 - 1.2 \n" ); document.write( "y = + 2.6 \n" ); document.write( ": \n" ); document.write( " x | y \n" ); document.write( "-------- \n" ); document.write( " 0 |-2 \n" ); document.write( "+1 |+.6 \n" ); document.write( "+2 |2.6 \n" ); document.write( "+3 |4.0 \n" ); document.write( "+4 |4.8 \n" ); document.write( "+5 |5.0 \n" ); document.write( "+6 |4.6 \n" ); document.write( "+7 |3.6 \n" ); document.write( ": \n" ); document.write( "your graph should look like this \n" ); document.write( ": \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( "b)-Calculate P(0) and explain in practical terms what your answer means, \n" ); document.write( "That means x = 0 (no widgets made), y = -2, A loss of $2000 \n" ); document.write( ": \n" ); document.write( "c)At what sales level is the profit as large as possible? \n" ); document.write( "Looking at the graph it's apparent that max profit occurs when 5000 items are \n" ); document.write( " made. A profit of $5000. \n" ); document.write( ": \n" ); document.write( "Did this make sense to you? Any questions? \n" ); document.write( " |