Annual profit in thousands of dollars is given by the function p(x)=-, 1x^2 + 50x - 300, where x is the number of items sold, x is greater or equal to 0.
Describe the meaning of the number 300 in the formula, in terms of its meaning in relation to the profit.
algebra - Creative Teacher, Wednesday, August 10, 2011 at 6:03pm
The most likely answer is
1x^2 represents variable costs
-300 represents fixed costs regardless
of x which will determine profit along
50x representing income, which will vary according to x.