Solve
-The Profit Made When $t$ Units Are Sold Is Given By

question 13

Multiple Choice

Solve.
-The profit made when $t$ units are sold is given by $P = t ^ { 2 } - 24 t + 140$ for $t > 0$ . Determine the values of $t$ for which $P < 0$ (a loss is taken) .

• A) \(( 10,14 )\)
• B) \(( 0 , \infty )\)
• C) \([ 10,14 ]\)
• D) \(( - \infty , 10 ) \cup ( 14 , \infty )\)

---

Definitions:

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods, given a set of inputs.

Maximum Possible Output

The highest quantity of goods and services an economy can produce when it is utilizing all of its resources efficiently.

Efficient Use

The allocation of resources in a manner that maximizes the output of goods and services with minimal waste.

Simplifying Assumptions

Simplifying Assumptions are used in economic models to reduce complexity by assuming ideal conditions that may not always reflect real-life scenarios.