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8 November, 13:36

A company plans to sell pens for $2 each. The company's financial planner estimates that the cost, y, of manufacturing the pens is a quadratic function with a y-intercept of 120 and a vertex of (250, 370). What is the minimum number of pens the company must sell to make a profit?

173

174

442

443

+3
Answers (1)
  1. 8 November, 13:58
    0
    Good evening (here it is 23h45),

    1) we must find the cost equation (x is the number of pens)

    y=ax²+bx+c

    1) if x=0, y=120 = > c=120

    2) the vertex (250,370)

    y=ax²+bx+120

    y'=2ax+b

    y'=0 = = >2ax+b=0==> x=-b / (2a) = 250

    ==>500 a=-b (1)

    if x=250, y=a*250²+b*250+120=370

    ==>250a+b=1 (2)

    We put the value of b in (2)

    ==>250a-500a=1==>a=-1/250

    So b=-500a=-500 * (-1/250) = 2

    Profit = 0 = owning - cost (sorry for the words i don't know)

    B (x) = 2*x - (-x²/250+2x+120) = 0

    =>x²/250-120=0

    x²=30000

    x=173.20508 ...

    ==> 174

    The equation of the cost is : y=-x/500+2x+120
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