A bicycle company is manufacturing a new bicycle and trying to decide on a price that will maximize their profit. The graph below represents profit (P), in thousands of dollars, generated by the price of each bike (x), in hundreds of dollars.
12. If the company wants to make a maximum profit, what should the price of the bicycle be?
13. For what prices will the company make a profit?
14.If the company wants to make a profit of $137,500, what should the price of the bicycle be?
15. At what prices will the company break even (make $0 of profit?)
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