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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?)

 Apr 8, 2021
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Peak in profit curve occurs at x = 600 dollars

Profit is anywhere between the zeroes          200

Either 450 or 750 will yield profit of  137500

At 200 and 1000 profit will be zero

 Apr 8, 2021

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