The function f(x) = −x2 + 16x − 60 models the daily profit, in dollars, a shop makes for selling candles, where x is the number
of candles sold, and f(x) is the amount of profit.
Part A: Determine the vertex. What does this calculation mean in the context of the problem?
Part B: Determine the x-intercepts. What do these values mean in the context of the problem?
Part A: Determine the vertex. What does this calculation mean in the context of the problem?
Part B: Determine the x-intercepts. What do these values mean in the context of the problem?
2 answers:
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Let X be the number of energy drinks sold.
The manufacturer of an energy drink spends $1.20 to make each drink and sells them for two dollars the manufacturer also has fixed cost each month of $8000.
The manufacturing cost for X energy drinks is
Fixed cost is $8000.
Therefore, cost function is
Selling price of each drink is $2.
Therefore, the revenue function is
Hence, the revenue function is