Math Problem Statement

The monthly profit in dollars from the production and sale of 𝒙 units of a product is given by the equation 𝑷(𝒙) = βˆ’πŸ’π’™πŸ + πŸ’πŸŽπŸŽπ’™ βˆ’ πŸ‘πŸ”πŸŽπŸŽ a) (2 points) How many units must be produced and sold to maximize the profit? b) (2 points) What is the maximum profit? c) (2 points) What levels of production and sales will give a monthly profit of $6000? d) (2 points) What levels of production and sales will result in breakeven (zero profit)?

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Quadratic Equations
Optimization

Formulas

Quadratic equation P(x) = ax^2 + bx + c
Vertex formula x = -b / 2a
Quadratic formula x = (-b ± √(b^2 - 4ac)) / 2a

Theorems

Quadratic Formula Theorem
Vertex Theorem

Suitable Grade Level

Grades 9-11