Mary is determining the maximum quantity given the seasonality is constant. If the coefficients are 112t and -23.4502t² in a quadratic model, what is the maximum quantity that can be reached? A) 4.78 B) 0.015 C) 9.10 D) 2

Question

Quizplus · Accepted Answer

The maximum quantity in a quadratic model occurs at the vertex, which can be found using the formula -b/(2a) for the t-value. Here, a = -23.4502 and b = 112, so t = -112/(2*(-23.4502)) = 2.

Mary Is Determining the Maximum Quantity Given the Seasonality Is