Question

A company sells widgets. The amount of profit, y, made by the company, is related to
the selling price of each widget, x, by the given equation. Using this equation, find out
the maximum amount of profit the company can make, to the nearest dollar.
y=-3x2 + 197x –
1279

Answer 1

Answer:

$1954

Step-by-step explanation:

Given the profit function expressed as;

y=-3x^2 + 197x – 1279

The profit is at maximum when dy/dx = 0

dy/dx = -6x + 197

0 = -6x+197

6x = 197

x = 197/6

x = 32.83

substitute 32.83 into the modeled function

y=-3x^2 + 197x – 1279

y -3(32.83)²+197(32.83) - 1279

y = -3(1,078.03)+6,467.51 - 1279

y = -3,234.09+6,467.51-1279

y = 1,954.42

hence the maximum amount of profit the company can make, to the nearest dollar is $1954