Question
A Company’s profit from a certain product is represented by p(x)= -5x2+1 , 125x-5000, where x is the price of the product . Compare the growth in profits from x= 120 to 140 and from x= 140 to 160 , What do you notice ?
Hint:
We are given 2 functions p(x) = -5x2 + 1 and p(x) = 125x - 5,000.
We will simply substitute the values of x given in the question in the 2 functions and compare the outputs for each.
The correct answer is: p(x) = -5x2 + 1 is a quadratic function and p(x) = 125x - 5,000 is a linear function.
Step-by-step solution:-
A). p(x) = -5x2 + 1
Put x = 120- p(x) = -5(120)2 + 1 = -71,999
Put x = 130- p(x) = -5(130)2 + 1 = -84,499
Put x = 140- p(x) = -5(140)2 + 1 = -97,999
Put x = 150- p(x) = -5(150)2 + 1 = -1,12,499
Put x = 160- p(x) = -5(160)2 + 1 = -1,27,999
∴ we notice that the growth (negative growth) in profits-
from x = 120 to 140 = -97,000 - (-71,999) = -97,999 + 71,999 = -26,000
from x = 140 to 160 = -1,27,999 - (-97,999) = -1,27,999 + 97,999 = -30,000
Hence, when price of the given product increases from 120 to 140, the profits decrease by 26,000 whereas when the price increasesfrom 140 to 160, the profits decrease by 30,000.
First difference-
d1 = p(130) - p(120) = -84,499 - (-71,999) = -12,500
d2 = p(140) - p(130) = -97,999 - (-84,499) = -13,500
d3 = p(150) - p(140) = -1,12,499 - (-97,999) = -14,500
d4 = p(160) - p(150) = -1,27,999 - (-1,12,499) = -15,500
Second difference-
d2 - d1 = -13,500 - (-12,500) = -1,000
d3 - d2 = -14,500 - (-13,500) = -1,000
d4 - d3 = -15,500 - (-14,500) = -1,000
Since, the second difference for the given function is constant i.e. -1,000, the given function is a quadratic function.
For every increase in the price, the profits will fall increasingly.
B). p(x) = 125x - 5,000
Put x = 120- p(x) = 125(120) - 5,000 = 10,000
Put x = 130- p(x) = 125(130) - 5,000 = 11,250
Put x = 140- p(x) = 125(140) - 5,000 = 12,500
Put x = 150- p(x) = 125(150) - 5,000 = 13,750
Put x = 160- p(x) = 125(160) - 5,000 = 15,000
∴ we notice that the growth in profits-
from x = 120 to 140 = 12,500 - 10,000 = 2,500
from x = 140 to 160 = 15,000 - 12,500 = 2,500
Hence, when price of the given product increases from 120 to 140, the profits increase by 2,500 and when the price increases from 140 to 160, the profits increase by 2,500.
First difference-
d1 = p(130) - p(120) = 11,250 - 10,000 = 1,250
d2 = p(140) - p(130) = 12,500 - 11,250 = 1,250
d3 = p(150) - p(140) = 13,750 - 12,500 = 1,250
d4 = p(160) - p(150) = 15,000 - 13,750 = 1,250
Since, the first difference for the given function is constant i.e. 1,250, the given function is a Linear function.
For every increase in the price, the profits will increase at a steady (constant) rate.
Final Answer:-
∴ p(x) = -5x2 + 1 is a quadratic function and p(x) = 125x - 5,000 is a linear function.
Put x = 130- p(x) = -5(130)2 + 1 = -84,499
Put x = 140- p(x) = -5(140)2 + 1 = -97,999
Put x = 150- p(x) = -5(150)2 + 1 = -1,12,499
Put x = 160- p(x) = -5(160)2 + 1 = -1,27,999
from x = 140 to 160 = -1,27,999 - (-97,999) = -1,27,999 + 97,999 = -30,000
First difference-
d1 = p(130) - p(120) = -84,499 - (-71,999) = -12,500
d2 = p(140) - p(130) = -97,999 - (-84,499) = -13,500
d3 = p(150) - p(140) = -1,12,499 - (-97,999) = -14,500
d4 = p(160) - p(150) = -1,27,999 - (-1,12,499) = -15,500
Second difference-
d2 - d1 = -13,500 - (-12,500) = -1,000
d3 - d2 = -14,500 - (-13,500) = -1,000
d4 - d3 = -15,500 - (-14,500) = -1,000
Since, the second difference for the given function is constant i.e. -1,000, the given function is a quadratic function.
For every increase in the price, the profits will fall increasingly.
B). p(x) = 125x - 5,000
Put x = 120- p(x) = 125(120) - 5,000 = 10,000
Put x = 130- p(x) = 125(130) - 5,000 = 11,250
Put x = 140- p(x) = 125(140) - 5,000 = 12,500
Put x = 150- p(x) = 125(150) - 5,000 = 13,750
Put x = 160- p(x) = 125(160) - 5,000 = 15,000
∴ we notice that the growth in profits-
from x = 120 to 140 = 12,500 - 10,000 = 2,500
from x = 140 to 160 = 15,000 - 12,500 = 2,500
Hence, when price of the given product increases from 120 to 140, the profits increase by 2,500 and when the price increases from 140 to 160, the profits increase by 2,500.
First difference-
d1 = p(130) - p(120) = 11,250 - 10,000 = 1,250
d2 = p(140) - p(130) = 12,500 - 11,250 = 1,250
d3 = p(150) - p(140) = 13,750 - 12,500 = 1,250
d4 = p(160) - p(150) = 15,000 - 13,750 = 1,250
Since, the first difference for the given function is constant i.e. 1,250, the given function is a Linear function.
For every increase in the price, the profits will increase at a steady (constant) rate.
Final Answer:-
∴ p(x) = -5x2 + 1 is a quadratic function and p(x) = 125x - 5,000 is a linear function.