Problem

An economist hired by a company that makes a popular line of indoor grills predicts that consumers in one market will buy $x$ units per week if the price is $p=-0.29 x+59$ dollars. The profit is given by the equation
\[
P=-0.12 x^{2}+41 x-560
\]
Part: 0 / 2
Part 1 of 2
Use the graph to estimate the number of indoor grills they'd need to sell to make the largest possible profit. Round your answer to the nearest ten.

Answer

Expert–verified
Hide Steps
Answer

Final Answer: The company needs to sell approximately \(\boxed{170}\) indoor grills to make the largest possible profit.

Steps

Step 1 :The profit function is a quadratic function. The maximum value of a quadratic function is at its vertex. The x-coordinate of the vertex of a quadratic function given in the form \(f(x) = ax^2 + bx + c\) is \(-b/2a\).

Step 2 :In this case, \(a = -0.12\) and \(b = 41\), so the number of grills they'd need to sell to make the largest possible profit is \(-41/(2*-0.12)\).

Step 3 :Calculate this value and round it to the nearest ten.

Step 4 :The calculation gives us an x value of approximately 170.83333333333334.

Step 5 :Rounding this to the nearest ten gives us 170.

Step 6 :Final Answer: The company needs to sell approximately \(\boxed{170}\) indoor grills to make the largest possible profit.

link_gpt