Mathematics

Sloan

17 May, 15:30

A certain company's main source of income is selling cloth bracelets.

The company's annual profit (in thousands of dollars) as a function of the price of a bracelet (in dollars) is modeled by:

P (x) = -2x^2+16x-24P (x) = -2x

2

+16x-24P, left parenthesis, x, right parenthesis, equals, minus, 2, x, squared, plus, 16, x, minus, 24

What bracelet price should the company set to earn this maximum profit?