Toy Universe is manufacturing a new toy and deciding on a price that will result in a maximum profit. The graph below represents profit (P) generated y each price of a toy (x).
Graph is attached below (sorry the picture is bad quality)

Part A: If the company wants to make a maximum profit, what should the price of a new toy be?

Part B: What is the minimum price of a toy that will produce profit for the company? Explain your answer.

Part C: Estimate the value of P(10) and explain what the value means in the problem and how this may be possible.

Part D: If the company wants to make a profit of $137, for how much should the toy be sold.

Part E:Find the domain that will only result in a profit for the company and find its corresponding range of profit.

Part F: The company owner believes that selling the toy at a higher price will result in a greater profit . Explain to the owner how selling the toy at a higher price will affect the profit.

Question

06-01-2021
Mathematics

Answered

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Toy Universe is manufacturing a new toy and deciding on a price that will result in a maximum profit. The graph below represents profit (P) generated y each price of a toy (x).
Graph is attached below (sorry the picture is bad quality)

Part A: If the company wants to make a maximum profit, what should the price of a new toy be?

Part B: What is the minimum price of a toy that will produce profit for the company? Explain your answer.

Part C: Estimate the value of P(10) and explain what the value means in the problem and how this may be possible.

Part D: If the company wants to make a profit of $137, for how much should the toy be sold.

Part E:Find the domain that will only result in a profit for the company and find its corresponding range of profit.

Part F: The company owner believes that selling the toy at a higher price will result in a greater profit . Explain to the owner how selling the toy at a higher price will affect the profit.

Sagot :

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