Question

Toy Universe is manufacturing a new toy and deciding on a price that will result in a maximum profit. The graph below represents profit (P) generated y each price of a toy (x).
**Graph is attached below (sorry the picture is bad quality)**

Part A: If the company wants to make a maximum profit, what should the price of a new toy be?

Part B: What is the minimum price of a toy that will produce profit for the company? Explain your answer.

Part C: Estimate the value of P(10) and explain what the value means in the problem and how this may be possible.

Part D: If the company wants to make a profit of $137, for how much should the toy be sold.

Part E:Find the domain that will only result in a profit for the company and find its corresponding range of profit.

Part F: The company owner believes that selling the toy at a higher price will result in a greater profit . Explain to the owner how selling the toy at a higher price will affect the profit.

Answer 1

Answer:

A: $6

B: $2.01

C: $0

D: $4.50 or $7.50

E: 0 ≤ x ≥ 10

F: The more expensive you make the toy then that will mean that less people will want to buy it for its high price.

Step-by-step explanation:

{Data Expunged}