Hi Saw this Question in MGmat challenge set.
For a particular company, the profit P generated by selling Q units of a certain product is given by the formula P = 128 + (-Q^2/4 + 4Q - 16)^z, where z > 0. The maximum profit is achieved when Q =
(A) 2
(B) 4
(C) 8
(D) 16
(E) 32
Now I understand the way it is solved in MGmat Answer set the explanation was something like this..
P = 128 - ¼(Q^2 - 16Q + 64)
Now factor the quadratic: Q^2 - 16Q + 64 = (Q - 8)^2
So the formula looks like this:
P = 128 - ¼(Q - 8)^2
and then calculating the minimum value as 8.
now here is how I approached the Question when I looked at it and TBH I often misunderstand the concept of these maximum/minimum Questions. It will be appreciated if someone can provide me a source of some reference to basics of maximization or minimization problems.
Anyways, the moment I saw the question stem I realized Q is a negative number but its Q^2 so i need the largest absolute value of Q and since larger the value for Q will be, Larger Q divided by 4 and then add 4Q(again larger Q means larger number to add) and then subs-tract 16 which is constant. and then 128 is added to this whole function. so why do we need to factor it as a quadratic? and moreover why the result is different considering that whatever is in bracket(-Q^2/4 + 4Q - 16)^z will always be a positive number to add to 128 outside the bracket.
It may sound like foolish question, but I need to understand this else I will always repeat the same mistake while handling maximum/minimum problem.
Thanks.
Nikhil