0.75 ( 8b + 4 ) -1 = 4b + 14
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A quadratic function models the profit of the company and the maximum/minimum value of the quadratic function occurs on its vertex.
The given function is:
The equation is already in standard form, the vertex of the parabola as seen from the equation is (5,12)
This mean if the company sets the price of socks to $5 they will earn a maximum profit which is $ 12 million
The given function is:
The equation is already in standard form, the vertex of the parabola as seen from the equation is (5,12)
This mean if the company sets the price of socks to $5 they will earn a maximum profit which is $ 12 million