A company produces three types of electronic products: Headphones, Gaming Controllers and Bluetooth Speakers.
An economist advises the company on how to increase their profit.\[\text{Profit} = \text{selling price} - \text{manufacturing cost}\]
In a simple model, the economist suggested that the electronic products should be priced at \(\$80\) per electronic product.
The company is trialing a new type of product, Wireless Earbuds. The economist predicts that the profit \(\$P\) will be related to the manufacturing cost (\(\$x\)) by the equation
\[P = 6\sqrt{x} - 0.8x\]
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