Question

The monthly profit for a small company that makes long-sleeve T-shirts depends on the price per shirt. If the price is too high,

Answer 1

Answer:

A. $18

B. $200

C. $p\in (16,20)$

Step-by-step explanation:

Function:

$f(p) = -50p^2 + 1,800p - 16,000$

Parts A and B:

The price that generates the maximum profit is ate vertex of parabola. Find the coordinates of the vertex:

$p_v=\dfrac{-b}{2a}=\dfrac{-1,800}{2\cdot (-50)}=\dfrac{1,800}{100}=18\\ \\f(p_v)=-50\cdot 18^2+1,800\cdot 18-16,000=200$

The price that generates the maximum profit is $18

The maximum profit is $200

Part C:

The company breaks even when the profit is positive. From the graph of the function you can see that the graph of the function is over p-axis for all $p\in (16,20)$, so the positive profit is for $p\in (16,20)$

In p=16 and p=20, the profit is 0 and when p<16 and p>20, there will be a loss.