This question is not about solving the stated problem, but about understanding it.
A company's profit when it sells x thousand items is predicted to be .
a) What is the company's startup costs? (hint: this would be their profit if they produced no items)
To answer this question, we'd find:
b) How many items does the company need to sell to break even?
To answer this question, we'd find:
c) How many items should the company sell to maximize profit?
To answer this question, we'd find:
A company's profit when it sells x thousand items is predicted to be .
a) What is the company's startup costs? (hint: this would be their profit if they produced no items)
To answer this question, we'd find:
b) How many items does the company need to sell to break even?
To answer this question, we'd find:
c) How many items should the company sell to maximize profit?
To answer this question, we'd find: