Lynbrook West, an apartment complex, has 100 two-bedroom units. The monthly profit (in dollars) realized from renting out x apartments is given by the following function. p(x)=-12x^2+2160x-59000 To maximize the monthly rental profit, how many units should be rented out? units What is the maximum monthly profit realizable?

Respuesta :

Answer:

To maximize the monthly rental profit, 90 units should be rented out.

The maximum monthly profit realizable is $38,200.

Step-by-step explanation:

Vertex of a quadratic function:

Suppose we have a quadratic function in the following format:

[tex]f(x) = ax^{2} + bx + c[/tex]

It's vertex is the point [tex](x_{v}, y_{v})[/tex]

In which

[tex]x_{v} = -\frac{b}{2a}[/tex]

[tex]y_{v} = -\frac{\Delta}{4a}[/tex]

Where

[tex]\Delta = b^2-4ac[/tex]

If a<0, the vertex is a maximum point, that is, the maximum value happens at [tex]x_{v}[/tex], and it's value is [tex]y_{v}[/tex].

In this question:

Quadratic equation with [tex]a = -12, b = 2160, c = -59000[/tex]

To maximize the monthly rental profit, how many units should be rented out?

This is the x-value of the vertex, so:

[tex]x_{v} = -\frac{b}{2a} = -\frac{2160}{2(-12)} = \frac{2160}{24} = 90[/tex]

To maximize the monthly rental profit, 90 units should be rented out.

What is the maximum monthly profit realizable?

This is p(90). So

[tex]p(90) = -12(90)^2 + 2160(90) - 59000 = 38200[/tex]

The maximum monthly profit realizable is $38,200.

ACCESS MORE
EDU ACCESS
Universidad de Mexico