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
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