Quadratic functions are functions that have a highest exponent of 2
The initial parameters are:
When 10 units are added and the price decreases; the parameters become:
So, the quadratic function is:
[tex]Q(x) = (30 + 10x)(6000 - 100x)[/tex]
[tex]Q(x) = -1000x^2 + 57000x + 180000[/tex]
We have:
[tex]Q(x) = -1000x^2 + 57000x + 180000[/tex]
Differentiate
[tex]Q'(x) = -2000x + 57000[/tex]
Set to 0
[tex]-2000x + 57000 = 0[/tex]
Divide through by -2000
[tex]x - 114 = 0[/tex]
Solve for x
[tex]x = 114[/tex]
Hence, the maximum sale is 114
Read more about quadratic functions at:
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