U3D8 - Independent Practice1. A small company that manufactures snowboards uses the relation P=81x(2−x) to model heir profit. In the model, x represents the number of snowboards in thousands, and P epresents the profit in thousands of dollars.a. The company breaks even where there is neither a profit or a loss. What are the break even points for the company?b. How many snowboards must the company produce to earn a maximum profit?c. What is the maximum profit the company can earn?
Q. U3D8 - Independent Practice1. A small company that manufactures snowboards uses the relation P=81x(2−x) to model heir profit. In the model, x represents the number of snowboards in thousands, and P epresents the profit in thousands of dollars.a. The company breaks even where there is neither a profit or a loss. What are the break even points for the company?b. How many snowboards must the company produce to earn a maximum profit?c. What is the maximum profit the company can earn?
Set P equal to 0: To find the break even points, set P equal to 0 and solve for x.0=81×(2−x)
Isolate the term: Divide both sides by 81 to isolate the term (2−x). 0=2−x
Solve for x: Add x to both sides to solve for x.x=2
Break even point: The break even point is when x equals 2, which means the company breaks even when they sell 2000 snowboards.
Find the vertex: To find the number of snowboards for maximum profit, we need to find the vertex of the parabola represented by the equation P=81×(2−x). The vertex form of a parabola is P=a(x−h)2+k, where (h,k) is the vertex.
Rewrite the equation: The equation P=81×(2−x) can be rewritten as P=−81x2+162x by expanding and rearranging.
Calculate h: The x-coordinate of the vertex (h) can be found using the formula h=−2ab.In our equation, a=−81 and b=162.
Substitute x into equation:h=1This means the company must produce 1000 snowboards (since x is in thousands) to earn maximum profit.
Calculate maximum profit: To find the maximum profit k, substitute x=1 into the equation P=−81x2+162x.P=−81(1)2+162(1)
Calculate maximum profit: To find the maximum profit k, substitute x=1 into the equation P=−81x2+162x.P=−81(1)2+162(1)Calculate P=−81+162.P=81
Calculate maximum profit: To find the maximum profit k, substitute x=1 into the equation P=−81x2+162x.P=−81(1)2+162(1)Calculate P=−81+162.P=81The maximum profit the company can earn is $81,000 (since P is in thousands of dollars).
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