Problema Solution
Annual profit in thousands of dollars is given by the function, P(x) = 12x - 100, where x is the number of items sold in thousands, x ≥ 10.
describe the meaning of the number 12 in the formula, in terms of its meaning in relation to the profit.
describe the meaning of the number -100 in the formula, in terms of its meaning in relation to the profit.
Answer provided by our tutors
12 is the rate of profit in thousands of dollors per items.
It is the slope of the P - x graph.
-100 is the constant irrespective of x.
It indicates profit for x=0.
The negative sign indicates loss not profit .