Math Problem Statement

The profit of a​ company, in​ dollars, is the difference between the​ company's revenue and cost. The​ cost, C(x), and​ revenue, R(x), are functions for a particular company. The x represents the number of items produced and sold to distributors.

C(x)=2400+40x R(x)=780x−x2 Determine the number of items that must be produced and sold to obtain the maximum profit. The number of items that must be produced and sold to obtain the maximum profit is

Solution

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Math Problem Analysis

Mathematical Concepts

Quadratic Functions
Profit Optimization
Algebra

Formulas

Profit function: P(x) = R(x) - C(x)
Quadratic equation vertex formula: x = -b / 2a

Theorems

Vertex formula for quadratic equations

Suitable Grade Level

Grades 9-12