Quadratic equation

Question

What is the importance of quadratic equation in economic ? Examples ? Thank you. 

Answer 1

Quadratic equations contain important information.  They have critical points, initial values, and zero values.

 

The maximum point in a quadratic equation, can indicate the time or cost a company makes maximum profit.  The minimum point indicates when cost is at its least value.

 

The y-intercept indicates the starting rate or cost of an item.  The x-intercept can indicate when the company has zero profit or not selling any items.