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
