Question

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.

Answer 1

The most likely answer is

1x^2 represents variable costs
-300 represents fixed costs regardless
of x which will determine profit along
with
50x representing income, which will vary according to x.