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Profit(70) = -0.75(4,900) + 24,500 - 2500 Profit(70) = -3,675 + 24,500 - 2500 Profit(70) = 18,325 dollars
b) The average profit per unit when 70 units are sold can be calculated by dividing the total profit by the
number of units sold. We can express this as:
Average profit per unit (70) = 18,325 / 70 Average profit per unit (70) ≈ 261.79 dollars per unit
Therefore, the average profit per unit when 70 units are sold is approximately $261.79.
c) The rate at which profit is changing can be determined by finding the derivative of the profit function
with respect to x. Let's differentiate the profit function:
To find the rate of change when exactly 70 units are sold, substitute x = 70 into the derivative:
Profit'(70) = -1.5(70) + 350 Profit'(70) = -105 + 350 Profit'(70) = 245 dollars per unit
Therefore, the rate at which profit is changing when exactly 70 units are sold is $245 per unit.
d) To find the rate at which profit changes on average when the number of units sold rises from 70 to
140, we can calculate the average rate of change. The average rate of change is given by:
Average rate of change = (Profit(140) - Profit(70)) / (140 - 70) Average rate of change = [(-0.75(140)^2 +
350(140) - 2500) - (-0.75(70)^2 + 350(70) - 2500)] / (140 - 70)
Therefore, the rate at which profit changes on average when the number of units sold rises from 70 to
140 is approximately $206.79 per unit.
e) To find the number of units sold when profit stops increasing and starts decreasing, we need to find
the x-value (number of units) where the profit function reaches its maximum. This occurs at the vertex
of the quadratic function.
x = -b / (2a)
For the given profit function, a = -0.75 and b = 350. Substituting these values:
Rounded to the nearest whole number, the number of units sold when profit stops increasing and starts
decreasing is approximately 233 units.
a) To find the profit when 70 units are sold, we need to substitute x = 70 into the profit function:
Profit(70) = -0.75(4,900) + 24,500 - 2500 Profit(70) = -3,675 + 24,500 - 2500 Profit(70) = 18,325 dollars
b) The average profit per unit when 70 units are sold can be calculated by dividing the total profit by the
number of units sold. We can express this as:
Average profit per unit (70) = 18,325 / 70 Average profit per unit (70) ≈ 261.79 dollars per unit
Therefore, the average profit per unit when 70 units are sold is approximately $261.79.
c) The rate at which profit is changing can be determined by finding the derivative of the profit function
with respect to x. Let's differentiate the profit function:
To find the rate of change when exactly 70 units are sold, substitute x = 70 into the derivative:
Profit'(70) = -1.5(70) + 350 Profit'(70) = -105 + 350 Profit'(70) = 245 dollars per unit
Therefore, the rate at which profit is changing when exactly 70 units are sold is $245 per unit.
d) To find the rate at which profit changes on average when the number of units sold rises from 70 to
140, we can calculate the average rate of change. The average rate of change is given by:
Average rate of change = (Profit(140) - Profit(70)) / (140 - 70) Average rate of change = [(-0.75(140)^2 +
350(140) - 2500) - (-0.75(70)^2 + 350(70) - 2500)] / (140 - 70)
Average rate of change = (Profit(140) - Profit(70)) / (140 - 70) Average rate of change = (-0.75(19,600) +
49,000 - 2500) - (-0.75(4,900) + 24,500 - 2500)] / 70 Average rate of change = (-14,700 + 49,000 - 2500) -
(-3,675 + 24,500 - 2500)] / 70 Average rate of change = 32,800 - 18,325 / 70 Average rate of change =
14,475 / 70 Average rate of change ≈ 206.79 dollars per unit
Therefore, the rate at which profit changes on average when the number of units sold rises from 70 to
140 is approximately $206.79 per unit.
e) To find the number of units sold when profit stops increasing and starts decreasing, we need to find
the x-value (number of units) where the profit function reaches its maximum. This occurs at the vertex
of the quadratic function.
x = -b / (2a)
For the given profit function, a = -0.75 and b = 350. Substituting these values:
Rounded to the nearest whole number, the number of units sold when profit stops increasing and starts
decreasing is approximately 233 units.