Answer:
A.) P^2 - 10p + 24 = 0
B.) 6 or 4 dollars
Explanation:
Given that a company’s weekly revenue, in thousands, is modeled by the equation
R = -p2 + 14p,
where p is the price of the product it makes. The company is considering hiring an outside source to distribute its products, which will cost the company 4p + 24 thousand dollars per week.
If the company want to break even, the cost of hiring distributors will be equal to the revenue per week.
Therefore,
-P^2 + 14p = 4p + 24
Collect the like terms
-P^2 + 14p - 4p - 24 = 0
-P^2 + 10p - 24 = 0
Multiply all by minus sign
P^2 - 10p + 24 = 0
B.) To find P, factorize the equation above.
P^2 - 10p + 24 = 0
- 6 x - 4 = 24 and - 6 - 4 = 10
P^2 - 4p - 6p + 24 = 0
P( p - 4 ) - 6( p - 4 )
P - 6 = 0 or p - 4 = 0
P = 6 or 4
Substitute both back into the equation to test their authenticates
When p = 6
6^2 - 10(6) + 24 = 0
When p = 4
4^2 - 10(4) + 24 = 0