Thursday, January 12, 2012

Calculus: Optimization?

Terry makes and sells necklaces. He has observed over time that when the price is $ 8 each, he sells an average of 22 per day. If he increases the price, then his average sales fall by 2 per day for each dollar increase. The materials for each necklace cost $8. Express his profit P as a function of x, the number of necklaces sold.

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