Solve the Problem
-The Profit That the Vendor Makes Per $x$

question 170

Multiple Choice

Solve the problem
-The profit that the vendor makes per day by selling $x$ pretzels is given by the function $P ( x ) = - 0.004 x ^ { 2 } + 2.4 x - 400$ . Find the number of pretzels that must be sold to maximize profit.

• A) 600 pretzels
• B) \(1.2\) pretzels
• C) 300 pretzels
• D) \(- 40\) pretzels

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Definitions:

Unearned Revenues

Money received by a company for goods or services yet to be delivered or performed, recorded as a liability.

Operating Cash Payments

Cash outflows related to the primary revenue-generating activities of a business, such as payments to suppliers and employees.

Patents

Legal grants to inventors that provide them the exclusive rights to use, sell, or manufacture their invention for a certain number of years.

Net Change

The difference between the closing price of a security on the trading day and its closing price on the previous trading day.