Answer:
x = $34.45
Step-by-step explanation:
Solution:-
The company makes a profit of $y by selling widgets at a price of $x. The profit model is represented by a parabola ( quadratic ) equation as follows:
We are to determine the profit maximizing selling price ( x )
From the properties of a parabola equation of the form:
The vertex ( turning point ) or maximum/minimum point is given as:
The profit maximizing selling price of widgets would be x = $34.45.