Question

An entrepreneur estimates that the total profit (profit = total revenue minus total cost) from his proposed company will be given by the function P(x) = x^3 – 4x^2 + 3x – 12, where P is in hundreds of dollars and x is the number of years elapsed after the company starts operations. In how many years (x) will the company break even (no profit, no loss)

Answer 1

1 year
2 years
3 years
4 years
6 years

Answer 2

I don't understand this question at all, so if you could explain it, I would appreciate it!

Answer 3

Profit = money + cost
P = profit X = time
Essentially based on the formula its asking what the least possible value of x, to give an equal solution (broke even between profits and costs)

Answer 4

To solve the problem the easy way, is to guess and check; plug in the value of x.

Answer 5

okay.. soooo i got 4years. does that sound right?