A New Music Company Wants to Start Selling Collections of Digital

question 51

Short Answer

A new music company wants to start selling collections of digital downloads. The profit (in thousands of dollars) is , where p is the price of a collection (in dollars). Use a graphing calculator to graph , and use the graph to answer the following.
A. What is the maximum profit that can be obtained?
B. What is the price of a collection of downloads when the maximum profit is obtained?

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Definitions:

Implied Warranty

An unwritten guarantee that a product will meet a minimum level of quality and functionality.

Merchantability

A warranty that goods sold will be of average quality, fit for the general purpose for which they are sold.

Implied Warranty

A legal term for assurances that are not explicitly stated but are assumed in the sale of goods or services, ensuring certain minimum standards.

Merchantability

A warranty that goods sold will be of satisfactory quality and fit for the purpose for which they are sold.