Toy Universe is manufacturing a new toy and deciding on a price that will result in a
maximum profit. The graph below represents profit P generated by each price of a
foy
Profit (in dollars)
Price of Toy (in dollars)
Part A: If the company wants to make a maximum profit, what should the price
of a new toy be?
Part B: What is the minimum price of a toy that will produce profit for the
company? Explain your answer.
Part C: Estimate the value of P(10) and explain what the value means in the
problem and how this may be possible.
Part D: If the company wants to make a profit of $137, for how much should
the toy be sold?