Describe the meaning of the number

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Reference no: EM13193274

Annual profit in thousands of dollars is given by the function, P(x) = -.01x2 + 50x + 30,000, where x is the number of items sold, x ≥ 0.

1.describe the meaning of the number -.01 in the formula

2.describe the meaning of the number 30,000 in the formula

3.find the profit for 5 different values of x

4.graph the profit function over its given domain; use the 5 values calculated in part c to construct the graph and connect these points with a smooth curve in Excel or another graphing utility. Insert the graph in a Word file and attach the graph in a Word file to the class DB thread.

5.will this profit function have a maximum, if so, what is it?

6.what steps should the company take to prepare for your answer to part e?

Reference no: EM13193274

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