Question

Using a System to Break Even

Answer 1

Answer: P^2 - 10p + 24 = 0

Step-by-step explanation:

Given that a company’s weekly revenue, in thousands, is modeled by the equation

R = -p2 + 14p,

where p is the price of the product it makes. The company is considering hiring an outside source to distribute its products, which will cost the company 4p + 24 thousand dollars per week.

If the company want to break even, the cost of hiring distributors will be equal to the revenue per week.

Therefore,

-P^2 + 14p = 4p + 24

Collect the like terms

-P^2 + 14p - 4p - 24 = 0

-P^2 + 10p - 24 = 0

Multiply all by minus sign

P^2 - 10p + 24 = 0