The monthly profit for a company that makes decorative picture frames depends on the price per frame. The company determines that the profit is approximated by f ( p ) = − 80 p 2 + 3440 p − 36 , 000 , where p is the price per frame and f ( p ) is the monthly profit based on that price. a . Find the price that generates the maximum profit. b. Find the maximum profit. c. Find the price(s) that would enable the company to break even.
The monthly profit for a company that makes decorative picture frames depends on the price per frame. The company determines that the profit is approximated by f ( p ) = − 80 p 2 + 3440 p − 36 , 000 , where p is the price per frame and f ( p ) is the monthly profit based on that price. a . Find the price that generates the maximum profit. b. Find the maximum profit. c. Find the price(s) that would enable the company to break even.
Solution Summary: The author calculates the maximum profit of a small company that makes decorative picture frames.
The monthly profit for a company that makes decorative picture frames depends on the price per frame. The company determines that the profit is approximated by
f
(
p
)
=
−
80
p
2
+
3440
p
−
36
,
000
, where p is the price per frame and
f
(
p
)
is the monthly profit based on that price.
a. Find the price that generates the maximum profit.
b. Find the maximum profit.
c. Find the price(s) that would enable the company to break even.
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