Wilson's Woodworking Shop produces wood chairs and sells them for $250. The company's weekly profit, (y), depends on the number of $1.50 price increases (x) for each chair. Use the graph below to answer the question. What is the approximate number of price increases needed to maximize the profit? 0 40 70 90
pretty sure its 40
The information appears to be a list of earnings and the number of price increases that go along with each profit. We can examine the connection between profit and the quantity of price increases to offer a clear and succinct response. As we can see from the statistics, the profit tends to decline as the number of price increases rises. This shows that the quantity of price rises and profit are inversely related. For instance, the profit is 200 when there are four price hikes. The profit falls to zero as the number of price increases reaches 10. Lower earnings are the outcome of increasing the number of price increases to 20, 30, 40, 50, and 60. This pattern leads us to the conclusion that the profit tends to decline as the number of price increases rises. This might be the result of things like market saturation, heightened competition, or declining profitability. It's crucial to remember that this conclusion is based on the available information and might not apply in all circumstances. The relationship between the frequency of price rises and profit may be influenced in practice by additional factors. However, we can deduce an inverse relationship between these variables based on the information given.
im gonna go with 40 thanks
<3
Join our real-time social learning platform and learn together with your friends!