Quadratic Word Problems

Question

A company’s profit is described by the equation where x is the price in dollars that the company charges for its product. What should the company charge for the product to generate the maximum profit? What is the maximum profit?

Answer 1

I think you'll need to state the equation for us to give an answer.

 

If the function P(x) is quadratic, in the form of a downward-opening parabola, then the maximum occurs at the vertex.