Solve the Problem $y = - 11 x ^ { 2 } + 350 x$

question 85

Multiple Choice

Solve the problem.
-Your company uses the quadratic model $y = - 11 x ^ { 2 } + 350 x$ to represent how many units ( $y$ ) of a new product will be sold $( x )$ weeks after its release. How many units can you expect to sell in week 12?

• A) 5784 units
• B) 2616 units
• C) 4068 units
• D) 4332 units

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Definitions:

Producer Surplus

The discrepancy in the expected versus actual earnings of sellers for goods or services.

Production Quota

A limit set by an organization or government on the amount of a product that can be produced.

Support Price

A price level set by the government or a regulatory body to stabilize or support the market price of a commodity.

Demand Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with all else being equal.