A company created a new product. Their research and development team came up with the graph of the function below, which estimates the potential daily profit, P(x), of this product at different prices in x dollars.
P(x)
1440
128
112
-96
80
64
48
32
16
X
2
2
4
6
8
10 12 14
167
Complete the following sentence, and then answer the questions below.
The new product should be priced at
each in order to maximize the daily profit.
What is the maximum possible daily profit of this new product?
In which price range will the product potentially not earn a daily profit?