Suppose That the Equation P ( X ) = $-$ 5 X 2 + 600 X

question 54

Multiple Choice

Suppose that the equation p ( x ) = $-$ 5 x 2 + 600 x $-$ 4,705, where x represents the number of items sold, describes the profit function for a certain business. How many items should be sold to maximize the profit?

• A) 600 items
• B) 40 items
• C) 60 items

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Definitions:

Controlling

The management function concerned with monitoring performance, comparing it with goals and standards, and taking corrective action as needed.

Means-Ends

A problem-solving technique that involves identifying the desired outcome (end) and finding the most efficient means to reach that outcome.

Subgroups

Smaller groups formed within a larger group, based on shared interests or characteristics.

Adequate Financing

Having sufficient funds or capital to cover the startup, operation, or expansion of a business.