document.write( "Question 1197165: The cost of production of an item is represented with the following equation: C(x) = 7x + 10. The revenue function for this item was determined to be R(x) = - 2x2 + 59x. What is the maximum amount of profit that can be made at the point where the number of items is the greatest to maximize profit? \n" ); document.write( "
Algebra.Com's Answer #830301 by MathLover1(20850)\"\" \"About 
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\n" ); document.write( "\n" ); document.write( "The cost of production of an item is represented with the following equation: \r
\n" ); document.write( "\n" ); document.write( "\"C%28x%29+=+7x+%2B+10\"\r
\n" ); document.write( "\n" ); document.write( "The revenue function for this item was determined to be: \r
\n" ); document.write( "\n" ); document.write( "\"R%28x%29+=+-+2x%5E2+%2B+59x+\"\r
\n" ); document.write( "\n" ); document.write( "What is the maximum amount of profit that can be made at the point where the number of items is the greatest to maximize profit?\r
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\n" ); document.write( "\n" ); document.write( "Profit is revenue minus cost. This means there is a function, \"P%28x%29\", that is profit.
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\n" ); document.write( "\"P%28x%29+=+R%28x%29+-+C%28x%29\"\r
\n" ); document.write( "\n" ); document.write( "\"P%28x%29+=-+2x%5E2+%2B+59x++-+%287x+%2B+10%29\"\r
\n" ); document.write( "\n" ); document.write( "\"P%28x%29+=-+2x%5E2+%2B+59x++-+7x+-10\"\r
\n" ); document.write( "\n" ); document.write( "\"P%28x%29+=-2x%5E2+%2B+52x+-+10\"\r
\n" ); document.write( "\n" ); document.write( "the maximum amount of profit that can be made at the vertex (parabola is opening down)\r
\n" ); document.write( "\n" ); document.write( "\"P%28x%29+=-2x%5E2+%2B+52x+-+10\"..........write in vertex form\r
\n" ); document.write( "\n" ); document.write( "\"P%28x%29+=%28-2x%5E2+%2B+52x%29+-+10\"......complete square\r
\n" ); document.write( "\n" ); document.write( "\"P%28x%29+=-2%28x%5E2+-26x%2Bb%5E2%29-%28-2b%5E2%29+-+10\"............ coefficient of \"x\" is \"26\", so \"b=13\"\r
\n" ); document.write( "\n" ); document.write( "\"P%28x%29+=-2%28x%5E2+-26x%2B13%5E2%29%2B2%2A13%5E2-+10\"\r
\n" ); document.write( "\n" ); document.write( "\"P%28x%29+=-2%28x+-13%29%5E2%2B328\"\r
\n" ); document.write( "\n" ); document.write( "=> vertex is at (\"13\",\"328\")\r
\n" ); document.write( "\n" ); document.write( " the maximum amount of profit is \"P%28x%29+=328\" at \"x=13\"\r
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