SOLUTION: The profit, P, of a video company (in thousands of dollars), is given by P\left(x\right)=-5x^2+550x-5000, where x is the amount spent of advertising, in thousands of dollars.
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-> SOLUTION: The profit, P, of a video company (in thousands of dollars), is given by P\left(x\right)=-5x^2+550x-5000, where x is the amount spent of advertising, in thousands of dollars.
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Question 1152048: The profit, P, of a video company (in thousands of dollars), is given by P\left(x\right)=-5x^2+550x-5000, where x is the amount spent of advertising, in thousands of dollars.
How much should be spent on advertising to achieve a maximum profit? Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! quadratic where p=-5x^2+550x-5500
x-value at vertex (maximum) is -b/2a or -550/-10=55
p(55)=-15125+30250-5000
=$10125 thousands
