A company makes two products, A and B. Product A requires 12,5 hours of machining time and 30 minutes of finishing time per unit
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Answer:
The vertex form of a quadratic function:
(h,k) - the coordinates of the vertex
If a>0, then the parabola opens upwards, so the vertex is the minimum of the function.
If a<0, then the parabola opens downwards, so the vertex is the maximum of the function.
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