Annual profit in thousands of dollars is given by the function, P(x) = 5000 - (1000/(x-1)), where x is the number of items sold in thousands, x > 1.
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describe the meaning of the number 5000 in the formula
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describe the meaning of the number 1 in the formula
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find the profit for 5 different values of x
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graph the profit function over its given domain; use the 5 values calculated in part 3 to construct the graph and connect these points with a smooth curve in Excel or another graphing utility. Insert the graph in a Word file and attach the graph in a Word file to the class DB thread.
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will this profit function have a maximum, if so, what is it?
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what steps should the company take to prepare for your answer to part 5?
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Post your final draft as a response to this post; use the small group area for collaboration