For a certain company, the cost for producing x items is 50x+300 and the revenue for selling x items is 90x−0.5x^2 .

Part a: Set up an expression for the profit from producing and selling x items. We assume that the company sells all of the items that it produces. (Hint: it is a quadratic polynomial.)

Part b: Find two values of x that will create a profit of $300 .

Part c: Is it possible for the company to make a profit of $15,000 ?

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vintechnology vintechnology · Answer 1 · 2022-07-15T19:32:45+02:00

a. The expression for profit is p(x) = -0.5x² + 40x - 300

b. The two values of x that will create a profit of $300 is 20 and 60

c. it is not possible for the company to make a profit of $15,000

The profit is the selling price minus the cost price.

Therefore,

Profit = revenue - cost

a.

The expression for profit is as follows;

p(x) = 90x − 0.5x² - (50x + 300)

p(x) = 90x − 0.5x² - 50x - 300

p(x) = -0.5x² + 40x - 300

b.

The two values of x that will create a profit of $300 is as follows;

-0.5x² + 40x - 300 = 300

-0.5x² + 40x - 600 = 0

0.5x² - 40x + 600 = 0

x² - 80x + 1200 = 0

(x - 20)(x - 60) = 0

x = 20 and 60

Therefore, the two value of x are 20 and 60

c.

-0.5x² + 40x - 300 = 15000

-0.5x² + 40x - 300 - 15000 = 0

-0.5x² + 40x - 15300 = 0

x² - 80x + 30600 = 0

There is no real solution. Therefore, it is not possible for the company to make a profit of $15,000

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