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

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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