Raymond B. answered 02/27/23
Math, microeconomics or criminal justice
P= 230+50x-.5x^2
P'=50-x=0
x=50
=50 times $500
=$5,000
P=230+50(50)-.5(50)^2
=230+1250
=1480
=1480 times $500
=$148,000=maximum profit
Isabella B.
asked 02/27/23The profit P (in hundreds of dollars) that a company makes depends on the amount x (in hundreds of dollars) the company spends on advertising according to the model P = 230 + 50x − 0.5x2.
What expenditure for advertising yields a maximum profit?
Raymond B. answered 02/27/23
Math, microeconomics or criminal justice
P= 230+50x-.5x^2
P'=50-x=0
x=50
=50 times $500
=$5,000
P=230+50(50)-.5(50)^2
=230+1250
=1480
=1480 times $500
=$148,000=maximum profit
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