document.write( "Question 82907: The monthly profit, P, in thousands of dollars, of a bicycle company can be estimated by the formula P=-2x(squared)+16X-12......where X is the number of bicycles, in hundreds, sold per month.
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document.write( "a) How many bicycles must be sold for maximum profit?
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document.write( "b) What is the minimum number of bicycles that must be sold to break even?
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document.write( "c) What is the maximum number of bicycles that must be sold to break even? \n" );
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Algebra.Com's Answer #59507 by Nate(3500)![]() ![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "a) How many bicycles must be sold for maximum profit? \n" ); document.write( "This is a vertical parabola that is opening downward. The vertex will be the maximum point for P. \n" ); document.write( "v(-b/(2a),f(x)) \n" ); document.write( "v(-16/(-4),f(x)) \n" ); document.write( "v(4,f(4)) \n" ); document.write( "v(4,20) or $20,000 dollars \n" ); document.write( "b) What is the minimum number of bicycles that must be sold to break even? \n" ); document.write( "c) What is the maximum number of bicycles that must be sold to break even? \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "Min: 4 - sqrt(10) = 0.8377.... or about 1 which is 100 bikes \n" ); document.write( "Max: 4 + sqrt(10) = 7.1622.... or about 7 which is 700 bikes \n" ); document.write( "~ Proof ~ \n" ); document.write( " |