to determine the maximum or minimum value of the function. The fact that the graph of a quadratic function has a maximum or minimum value enables us to answer questions involving optimization, that is, finding the maximum or minimum values in models. 1 Build Quadratic Models from Verbal Descriptions In economics, revenue R, in dollars, is defined as the amount of money received from the sale of an item and is equal to the unit selling price p, in dollars, of the item times the number x of…
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