an online toy distributor carries several types of vinyl figurines. for one particular character model, the…

an online toy distributor carries several types of vinyl figurines. for one particular character model, the business managers are trying to determine what price will result in the best sales of the figurine. the revenue, cost, and profit functions for this figurine, based on price, are represented on the graph. using the graph, which price should result in the maximum profit for the sales of this figurine?\na. $13.60\nb. $30.00\nc. $34.00\nd. $54.40

an online toy distributor carries several types of vinyl figurines. for one particular character model, the business managers are trying to determine what price will result in the best sales of the figurine. the revenue, cost, and profit functions for this figurine, based on price, are represented on the graph. using the graph, which price should result in the maximum profit for the sales of this figurine?\na. $13.60\nb. $30.00\nc. $34.00\nd. $54.40

Answer

Explanation:

Step1: Identify profit - function

The profit function is $P(x)$. We need to find the x - value (price per figurine) at which $P(x)$ reaches its maximum.

Step2: Locate maximum on graph

Looking at the graph of $P(x)$, we can see that it reaches its peak at a price per figurine of approximately $$30$.

Answer:

B. $$30.00$