A certain company's main source of income is a mobile app. The company's annual profit (in millions of dollars) as a function of t app's price (in dollars) is modeled by \( P(x)=-2(x-3)(x-11) \) What would be the company's profit if the app price is 0 dollars? million dollars
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Bonus Knowledge
To find the company's profit when the app price is 0 dollars, you can substitute \(x = 0\) into the profit function \(P(x)\): \[ P(0) = -2(0-3)(0-11) = -2(-3)(-11) = -2 \times 3 \times 11 = -66 \] Thus, the profit would be \(-66\) million dollars, indicating a substantial loss when the app is priced at no cost. If the app is offered for free, it can potentially attract a larger user base, potentially leading to future monetization strategies such as ads, in-app purchases, or premium features. However, it’s critical to consider costs, as losing money initially could impact the business's long-term sustainability.
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