To find: The maximum profit and number of units sold to generate it.
The maximum profit is equal to and number of units sold to generate it is equal to .
The profit (in dollars) generated by selling units of a certain commodity is given by .
Graph the profit function .
To graph a function , follow the steps using graphing calculator.
First press “ON” button on graphical calculator, press key and enter right hand side of the equation after the symbol . Enter the keystrokes .
The display will show the equation,
Press the window key and adjust the window to to .
Now, press the key and key to produce the graph of given function in standard window as shown in Figure (1).
The maximum value of the profit function is at .
Therefore, the maximum profit is equal to and number of units sold to generate it is equal to .
Subscribe to bartleby learn! Ask subject matter experts 30 homework questions each month. Plus, you’ll have access to millions of step-by-step textbook answers!