Math Problem Statement

The profit P, in thousand of dollars, that a manufacturer makes is a function of the number N of items produced in a year, and the formula is as follows. P = −0.2N2 + 3.6N − 9 Calculate that value. thousand dollars

Solution

The given profit function is:

P=0.2N2+3.6N9P = -0.2N^2 + 3.6N - 9

To calculate the value of the profit PP, you need to substitute a specific value for NN, which represents the number of items produced in a year.

Could you provide the value of NN so I can calculate PP?

Let me know if you'd like more details or have any questions.

Here are five follow-up questions to expand the topic:

  1. What is the maximum profit the manufacturer can achieve?
  2. How does the profit change as the number of items produced increases?
  3. What does the negative coefficient of N2N^2 signify in terms of profit behavior?
  4. For what values of NN does the manufacturer break even?
  5. How would increasing the production cost affect the profit function?

Tip: The vertex of a quadratic function gives either the maximum or minimum value depending on the leading coefficient.

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Math Problem Analysis

Mathematical Concepts

Algebra
Quadratic Functions
Profit Maximization

Formulas

Quadratic function: P = −0.2N^2 + 3.6N − 9
Vertex formula for quadratic functions: N = -b / (2a)

Theorems

Properties of quadratic functions
Maximization using the vertex of a parabola

Suitable Grade Level

Grades 10-12