The price of a widget is given by p(x)=160−8x where x is the quantity demanded. The cost of a widget as a function of x is given by c(x)=80x. The profit function π(x) is the difference between revenue and cost. What is the profit function pi(x)? pi(x) = ? x -8x^2 How many widgets should be produced to maximize profit? x = ? widgets
The price of a widget is given by p(x)=160−8x where x is the quantity demanded. The cost of a widget as a function of x is given by c(x)=80x. The profit function π(x) is the difference between revenue and cost. What is the profit function pi(x)? pi(x) = ? x -8x^2 How many widgets should be produced to maximize profit? x = ? widgets
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter9: Quadratic Functions And Equations
Section9.6: Solving Quadratic Equations By Using The Quadratic Formula
Problem 28PPS
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The price of a widget is given by p(x)=160−8x where x is the quantity demanded. The cost of a widget as a function of x is given by c(x)=80x. The profit function π(x) is the difference between revenue and cost.
What is the profit function pi(x)?
pi(x) = ? x -8x^2
How many widgets should be produced to maximize profit?
x = ? widgets
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