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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?
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