The profit P, in thousand of dollars, that a manufacturer makes is a function of the number N of items produced in a year, and the formula is as follows. P = -0.2N² + 3.6N - 9 (a) Express using functional notation the profit at a production level of 3 items per year. P( Calculate that value. thousand dollars (b) Determine the two break-even points for this manufacturer-that is, the two production levels at which the profit is zero. N = (smaller value) N = (larger value) (c) Determine the maximum profit if the manufacturer can produce at most 17 in a year. thousand dollars

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter2: Graphical And Tabular Analysis
Section2.1: Tables And Trends
Problem 14E: Profit The profit P, in thousands of dollars that a manufacturer makes is a function of the number N...
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The profit P, in thousand of dollars, that a manufacturer makes is a function of the number N of items produced in a year, and the formula is as follows.
P= -0.2N² + 3.6N - 9
(a) Express using functional notation the profit at a production level of 3 items per year.
P(
Calculate that value.
thousand dollars
(b) Determine the two break-even points for this manufacturer-that is, the two production levels at which the profit is zero.
N =
(smaller value)
(larger value)
N =
(c) Determine the maximum profit if the manufacturer can produce at most 17 in a year.
thousand dollars
Transcribed Image Text:The profit P, in thousand of dollars, that a manufacturer makes is a function of the number N of items produced in a year, and the formula is as follows. P= -0.2N² + 3.6N - 9 (a) Express using functional notation the profit at a production level of 3 items per year. P( Calculate that value. thousand dollars (b) Determine the two break-even points for this manufacturer-that is, the two production levels at which the profit is zero. N = (smaller value) (larger value) N = (c) Determine the maximum profit if the manufacturer can produce at most 17 in a year. thousand dollars
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