SOLUTION: Annual profit in thousands of dollars is given by the function, P(x) = 12x - 100, where x is the number of items sold in thousands, x ≥ 10. describe the meaning of the numbe

Algebra ->  Finance -> SOLUTION: Annual profit in thousands of dollars is given by the function, P(x) = 12x - 100, where x is the number of items sold in thousands, x ≥ 10. describe the meaning of the numbe      Log On


   



Question 481397: Annual profit in thousands of dollars is given by the function, P(x) = 12x - 100, where x is the number of items sold in thousands, x ≥ 10.
describe the meaning of the number -100 in the formula, in terms of its meaning in relation to the profit and find the profit for 5 different values of x

Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
The number -100 is the fixed cost of
producing x items. The higher this number
is, the lower the profit.
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+x+=+10+
+P%2810%29+=+12%2A10+-+100+
+P%2810%29+=+20+
---------
+x+=+50+
+P%2850%29+=+12%2A50+-+100+
+P%2850%29+=+600+-+100+
+P%2850%29+=+500+
---------
+x+=+100+
+P%28100%29+=+12%2A100+-+100+
+P%28100%29+=+1200+-+100+
+P%28100%29+=+1100+
---------
+x+=+1000+
+P%281000%29+=+12%2A1000+-+100+
+P%281000%29+=+12000+-+100+
+P%281000%29+=+11900+
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+x+=+2000+
+P%282000%29+=+12%2A2000+-+100+
P%282000%29+=+24000+-+100+
+P%282000%29+=+23900+