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Mathematics, 07.01.2021 03:30 skyyk7205
Toy Universe is manufacturing a new toy and deciding on a price that will result in a maximum profit. The graph below represents profit (P) generated y each price of a toy (x).
**Graph is attached below (sorry the picture is bad quality)**
Part A: If the company wants to make a maximum profit, what should the price of a new toy be?
Part B: What is the minimum price of a toy that will produce profit for the company? Explain your answer.
Part C: Estimate the value of P(10) and explain what the value means in the problem and how this may be possible.
Part D: If the company wants to make a profit of $137, for how much should the toy be sold.
Part E:Find the domain that will only result in a profit for the company and find its corresponding range of profit.
Part F: The company owner believes that selling the toy at a higher price will result in a greater profit . Explain to the owner how selling the toy at a higher price will affect the profit.
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Answers: 3
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Toy Universe is manufacturing a new toy and deciding on a price that will result in a maximum profit...
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