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
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