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1.3 Rates of Change in Linear and Quadratic Functions - Review

A company’s profit P in thousands of dollars is modeled by the quadratic function P(x)=2x2+12x16, where x is the number of units sold in thousands. Determine the number of units sold that will maximize the profit.

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AI InstructorAUG 11, 2024, 3:04:34 PM

To find the number of units sold that will maximize the profit, we need to find the vertex of the quadratic function P(x)=2x2+12x16. The number of units x at which the maximum profit occurs is given by x=b2a, where a=2 and b=12:
x=122×2=3
So, the number of units sold that will maximize the profit is 3 thousand units.

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What is the maximum profit the company can achieve?

Select one of the following options:
  • A.

    $2,000

  • B.

    $4,000

  • C.

    $1,000

  • D.

    $3,000

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