question a company sells widgets. the amount of profit, y, made by the company, is related to the selling…

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 = -33x² + 1612x - 11738

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 = -33x² + 1612x - 11738

Answer

Explanation:

Step1: Identify the coefficients

The profit - function is a quadratic function $y = ax^{2}+bx + c$, where $a=-33$, $b = 1612$, and $c=-11738$.

Step2: Find the x - value of the vertex

The x - value of the vertex of a quadratic function $y = ax^{2}+bx + c$ is given by $x=-\frac{b}{2a}$. $x =-\frac{1612}{2\times(-33)}=\frac{1612}{66}=\frac{806}{33}\approx24.42$

Step3: Find the maximum profit

Substitute $x = \frac{806}{33}$ into the profit function $y=-33x^{2}+1612x - 11738$. [ \begin{align*} y&=-33\times(\frac{806}{33})^{2}+1612\times\frac{806}{33}-11738\ &=-33\times\frac{806^{2}}{33^{2}}+\frac{1612\times806}{33}-11738\ &=-\frac{806^{2}}{33}+\frac{1612\times806}{33}-11738\ &=\frac{-806^{2}+1612\times806}{33}-11738\ &=\frac{806\times(- 806 + 1612)}{33}-11738\ &=\frac{806\times806}{33}-11738\ &=\frac{649636}{33}-11738\ &=\frac{649636-11738\times33}{33}\ &=\frac{649636 - 387354}{33}\ &=\frac{262282}{33}\approx7948 \end{align*} ]

Answer:

$7948$