Using quadratic function concepts, the function that could model this is:
[tex]f(x) = -x^2 + 470x - 42000[/tex]
-----------------------------------
- If the price is too small, the profit is negative.
- The same is true if the price is too high.
- If the price is in the desired range, the profit is positive.
- The break-even point is when the profit is 0.
- The break-even points are $120 and $350, thus, they are the zeros of a quadratic equation.
- The function is positive between the zeros, thus the leading coefficient is negative.
- The function can be given by:
[tex]f(x) = a(x - x_1)(x - 2)[/tex]
- In which [tex]x_1[/tex] and [tex]x_2[/tex] are the zeros, thus:
[tex]f(x) = -1(x - 120)(x - 350)[/tex]
[tex]f(x) = -x^2 + 470x - 42000[/tex]
A similar problem is given at https://brainly.com/question/23991455