Zoe's bank offers 2% simple interest on Simple Savings accounts. If she deposits her $500 of graduation money into a Simple Savi
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Answer:
The profit function is:
The maximum value is 406, 300 occurring when x = 640.
Step-by-step explanation:
The revenue function is:
And the cost function is:
Then the total profit function will be:
This is a quadratic function.
Therefore, the maximum value of the total profit will occur at its vertex point.
The vertex of a quadratic is given by:
In this case, a = -1, b = 1280, and c = -3300.
Then the point at which the maximum profit occurs is at:
And the maximum profit will be: