The yearly profit P for a widget producer is a function of the number n of widgets sold. The formula is below where P is measured in thousands of dollars, n is measured in thousands of widgets, and the formula is valid up to a level of 20 thousand widgets sold. P = -180 + 100n - 4n2 (c) What profit will the producer make if 12 thousand widgets are sold? _________$ thousand dollars (d) The break-even point is the sales level at which the profit is 0. Approximate the break-even point for this widget producer (round to nearest whole number). _________thousand widgets (e) What is the largest profit possible? _________thousand dollars
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
The yearly profit P for a widget producer is a function of the number n of widgets sold. The formula is below where P is measured in thousands of dollars, n is measured in thousands of widgets, and the formula is valid up to a level of 20 thousand widgets sold.
_________$ thousand dollars
(d) The break-even point is the sales level at which the profit is 0. Approximate the break-even point for this widget producer (round to nearest whole number).
_________thousand widgets
(e) What is the largest profit possible?
_________thousand dollars
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