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:
To calculate the value of the profit , you need to substitute a specific value for , which represents the number of items produced in a year.
Could you provide the value of so I can calculate ?
Let me know if you'd like more details or have any questions.
Here are five follow-up questions to expand the topic:
- What is the maximum profit the manufacturer can achieve?
- How does the profit change as the number of items produced increases?
- What does the negative coefficient of signify in terms of profit behavior?
- For what values of does the manufacturer break even?
- 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
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