Solve
-John Owns a Hotdog Stand $\mathrm { P } ( \mathrm { x } ) = - \mathrm { x } ^ { 2 } + 74 \mathrm { x } + 80$

question 18

Multiple Choice

Solve.
-John owns a hotdog stand. He has found that his profit is represented by the function $\mathrm { P } ( \mathrm { x } ) = - \mathrm { x } ^ { 2 } + 74 \mathrm { x } + 80$ , with $\mathrm { P } ( \mathrm { x } )$ being profits and $x$ the number of hotdogs sold. How many hotdogs must he sell to earn the most profit?

• A) 21 hotdogs
• B) 43 hotdogs
• C) 38 hotdogs
• D) 37 hotdogs

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Definitions:

Nominal Wages

The amount of money an employee is paid before adjustments for inflation, reflecting the current value of money.

Real Wages

The purchasing power of wages, adjusted for inflation, showing how many goods and services can be bought with a unit of labor.

Phillips Curve

An economic theory suggesting an inverse relationship between the rate of inflation and the rate of unemployment within an economy.

Policy Makers

Individuals or bodies responsible for formulating and implementing public policies, laws, and regulations, often within governmental or legislative institutions.