Your company has a profit that is represented by the

Last updated: 1/13/2024

Your company has a profit that is represented by the equation P 1 5x 24 where P is the profit in millions and x is the number of years starting in 2018 a Graph the relation b Is this relation linear quadratic or neither Explain your answer in two different ways c What is the direction of opening and does profit have a maximum or minimum How do you know d What is the P intercept of this relation What does it represent Do you think it would make sense that this is a new company given the P intercept Explain Task 2 Solving for break even point s A break even point for a company is when they are neither making nor losing money This is when the profit is P 0 a How many break even point s will there be What do you use to determine this b Determine in which year s the company will break even using any algebraic method you wish c Determine in which year s the company will break even using a different algebraic method than you chose in b d Which method the one you used for b or the one you used for c did you prefer Explain why Task 3 Determining different profits a In the year 2024 how much profit will the company be making Solve this algebraically