The profit for a product can be described by the function \( \mathrm{P}(\mathrm{x})=212 \mathrm{x}-5000-\mathrm{x}^{2} \) dollars, where x is the number of units produced and sold. To maximize profit, how many units must be produced and sold? What is the maximum possible profit? To maximize profit, 106 units must be produced and sold. (Simplify your answer.) The maximum possible profit is \( \$ \square \) (Simplify your answer.)
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Bonus Knowledge
To determine the number of units that maximizes profit, we need to analyze the profit function \( P(x) = 212x - 5000 - x^2 \). This is a concave quadratic equation and reaches its maximum at the vertex. The x-coordinate of the vertex can be found using the formula \( x = -\frac{b}{2a} \), where \( a = -1 \) and \( b = 212 \). Plugging in these values, we get \( x = -\frac{212}{2 \times -1} = 106 \). Now, for the maximum profit, substitute \( x = 106 \) back into the profit function: \[ P(106) = 212(106) - 5000 - (106)^2 = 22512 - 5000 - 11236 = 22512 - 16236 = 6276. \] So the maximum possible profit is \( \$6276 \). In summary, to maximize profit, 106 units must be produced and sold, and the maximum possible profit is \( \$6276 \).