MAT-170 Lecture Notes - Lecture 10: Precalculus
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4. 4 building quadratic models from verbal descriptions and data notes: sterling. Provide a generalization to the terms listed in this section. Optimization is when you are nding either the minimum or maximum values in models that deal with quadratic functions. Economics: in economics, the general [law of demand] deals with that as one increases as the other one decreases, which is known as the [demand equation], which is the following. X is the number of units that were actually sold. 1: (b) what would be the price unit that should be used to maximize the revenue? p. R (10) = 2000 (10) 100 (10)2. = : (d) how many students buy lunch in the dining hall at this given price? x = 2000 100 (10) Solving applied problems involving quadratic functions ex- ample. A rancher has 5000 feet of fencing accessible to encase a rectangular eld.